Assignment of Land Purchase Contract between Chial Mountain Ltd. and Awaysis Belize Ltd.
Chial Mountain Ltd. (the Assignor) is transferring its rights and obligations under a land purchase contract with Ewigi Liaebi Ltd. to Awaysis Belize Ltd. (the Assignee) and its affiliates. This agreement, effective January 30, 2025, formalizes the assignment of the contract, allowing Awaysis Belize Ltd. to step into Chial Mountain Ltd.'s position as purchaser of the land. Both parties have agreed to the terms and acknowledged receipt of mutual consideration.
Exhibit 10.2
ASSIGNMENT OF LAND PURCHASE CONTRACT
This Assignment of Land Purchase Contract is dated January 30th, 2025 and is executed between Chial Mountain Ltd. (“Assignor”) and Awaysis Belize Ltd. together with its subsidiaries, affiliates, successors, assigns, collectively, (“Assignee”).
WHEREAS Assignor and Assignee have entered into a binding contract for the purchase of substantially all the Assets of the Seller in a certain Agreement of Purchase and Sale.
NOW, THEREFORE in exchange for mutual consideration the receipt of which is duly acknowledged, the Parties agree as follows:
| 1. | The Assignor hereby assigns the purchase of certain land by Chial Mountain Ltd. as evidenced by a contract entered into between Chial Mountain Ltd. and Ewigi Liaebi Ltd. attached hereto as Exhibit “A”. Chial Mountain Ltd. hereby assigns this contract to the Assignee Awaysis Ltd. Belize. |
AGREED TO, SIGNED AND EXECUTED, the undersigned have put into effect this Assignment of Land Purchase Contract as of the effective date written below.
| PURCHASER | ||
| Awaysis Belize Ltd. | ||
| By: | /s/ Andrew Trumbach | |
| Name: | Andrew Trumbach | |
| Title: | CFO | |
| SELLER | ||
| Chial Mountain Ltd. | ||
| By: | /s/ Michael Singh | |
| Name: | Michael Singh | |
| Title: | CEO | |
(Jan 30, 2025 15:27 CST)
