Amendment to Share Exchange Agreement, dated September 16, 2020

EX-2.2 3 ex2_2.htm




THIS AMENDMENT NO. 1 TO SHARE EXCHANGE AGREEMENT (this "Amendment") is made as of September 16, 2020, by and among MedGen, Inc., a Wyoming corporation (the "Parent"), 9430075 Canada Ltd., a company incorporated in Manitoba, Canada (the “Company”), and each of the shareholders of the Company named herein as signatories (the “Shareholders”). Each of the parties to this Agreement is individually referred to herein as a “Party” and collectively as the “Parties.”




WHEREAS, the Company has entered into that certain Share Exchange Agreement, dated as of June 25, 2020, with the Company and its Shareholders (the "Agreement"); and;


WHEREAS, the Parent, the Company and the Shareholders desire to amend the Agreement to increase the number of Parent Shares (as such term is defined in the Agreement) to be acquired by the Shareholders in order to reflect a 70% interest in the Parent, as the Parties have negotiated, following a one for five thousand reverse split of outstanding shares of common stock in Parent.




NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:


1. Amendment of Exhibit A. Exhibit A to the Agreement is hereby amended and restated in its entirety to read as is set forth as Exhibit A to this Amendment.


2. No Other Amendments. Except as amended hereby, the Agreement shall remain in full force and effect.


3. Governing Law. This Amendment shall be governed in all respects by the laws of the State of Nevada without regard to choice of laws or conflict of laws provisions thereof.


4. Counterparts. This Amendment may be executed in any number of counterparts and signatures may be delivered by facsimile, each of which may be executed by less than all Investors, each of which shall be enforceable against the parties actually executing such counterparts, and all of which together shall constitute one instrument.






IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written.


The Parent: MEDGEN, INC.



By: /s/ Adir Iakya

Name: Adir Iakya

Title: CEO


The Company: 9430075 CANADA LTD.



By: Adir Iakya

Name: Adir Iakya

Title: President

The Class A Common Voting Shareholders:


/s/ Lisa Lester

Lisa Lester 



/s/ Nicole Harris

Nicole Harris



Exhibit A

Company Shareholder Class of Company Stock

Number of Shares of

“Company Stock”

-existing shares


Number of Parent Shares to be Exchanged Number of Parent Common in Conversion Number of Parent Common After 1 for 5,000 Reverse Split
Column “A” Column “B” Column “C” Column “D” Column “E” Column “F”
Lisa Lester Class A Common 150 321,429 112,500,000,000 22,500,000
Nicole Harris Class A Common 150 321,428 112,500,000,000 22,500,000
  Total Class A Common 300      
Michal Kulaczkowski Class B Common 50 50,000 17,500,000,000 3,500,000
Adam Littas Class B Common 25 25,000 8,750,000,000 1,750,000
Shannon Coughlin Class B Common 10 10,000 350,000,0000 700,000
10004596 Canada Ltd. Class B Common 25 25,000 8,750,000,000 1,750,000
Andrzej Delgado Class B Common 10 10,000 350,000,0000 700,000
Michael Kahiri Class B Common 212.143 212,143 74,250,000,000 14,850,000
  Total Class B Common 322.143      
Gord Schum Class B Preferred 25,000 25,000 8,750,000,000 1,750,000
  Total Class B Preferred 25,000      
Total     1,000,000 350,000,000,000 70,000,000