Eighth Amendment to Guarantee Agreement, dated February 19, 2025, by and among Nightfood Holdings, Inc., Nightfood, Inc., MJ Munchies, Inc., Future Hospitality Ventures Holdings Inc., SWC Group, Inc., and Mast Hill Fund, L.P
Exhibit 10.5
EIGHTH AMENDMENT
THIS EIGHTH AMENDMENT to the Guarantee (as defined below) (the “Amendment”) is entered into as of February 19, 2025 (the “Effective Date”), by and between Nightfood, Inc., a New York corporation (“NF Sub”), MJ Munchies, Inc., a Nevada corporation (“MJ Sub”), NIGHTFOOD HOLDINGS, INC., a Nevada corporation (the “Company”), Future Hospitality Ventures Holdings Inc., a Nevada corporation (“FHV”), SWC Group, Inc., a California corporation (“SWC”), and Mast Hill Fund, L.P., a Delaware limited partnership (the “Holder”, and collectively with NF Sub, MJ Sub, the Company, FHV, and SWC, the “Parties”).
BACKGROUND
A. The Parties are the parties to that certain subsidiary guarantee dated on or around June 1, 2023 (as amended from time to time, the “Guarantee”), a copy of which is attached hereto as Exhibit “A”; and
B. The Parties desire to amend the Guarantee as set forth expressly below.
NOW THEREFORE, in consideration of the execution and delivery of the Amendment and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
1. Unless otherwise defined herein, terms defined in the Guarantee and used herein shall have the meanings given to them in the Guarantee.
2. The definition of “Notes” in the Guarantee shall include the First Note, Second Note, Third Note, Fourth Note, Fifth Note, Sixth Note, Seventh Note, Eighth Note, Ninth Note, Tenth Note, Eleventh Note, Twelfth Note, Thirteenth Note, and Fourteenth Note (as defined in this Amendment). “Fourteenth Note” shall mean that certain senior secured promissory note in the principal amount of $206,000.00 issued by the Company to the Holder on or around February 19, 2025.
3. This Amendment shall be deemed part of, but shall take precedence over and supersede any provisions to the contrary contained in the Guarantee. Except as specifically modified hereby, all of the provisions of the Guarantee, which are not in conflict with the terms of this Amendment, shall remain in full force and effect.
[Signature page to follow]
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written.
NIGHTFOOD HOLDINGS, INC. | Mast Hill Fund, L.P. | |||
By: | /s/ Lei Sonny Wang | By: | /s/ Patrick Hassani | |
Name: | Lei Sonny Wang | Name: | Patrick Hassani | |
Title: | Chief Executive Officer | Title: | Chief Investment Officer |
NIGHTFOOD, INC. | ||
By: | Nightfood Holdings, Inc. a Nevada corporation Sole Shareholder | |
By: | /s/ Lei Sonny Wang | |
Name: | Lei Sonny Wang | |
Title: | Chief Executive Officer | |
MJ MUNCHIES, INC. | ||
By: | Nightfood Holdings, Inc. a Nevada corporation Sole Shareholder | |
By: | /s/ Lei Sonny Wang | |
Name: | Lei Sonny Wang | |
Title: | Chief Executive Officer | |
FUTURE HOSPITALITY VENTURES HOLDINGS INC. | ||
By: | Nightfood Holdings, Inc. a Nevada corporation Sole Shareholder | |
By: | /s/ Lei Sonny Wang | |
Name: | Lei Sonny Wang | |
Title: | Chief Executive Officer | |
SWC GROUP, INC. | ||
By: | Nightfood Holdings, Inc. a Nevada corporation Sole Shareholder | |
By: | /s/ Lei Sonny Wang | |
Name: | Lei Sonny Wang | |
Title: | Chief Executive Officer |
Exhibit A
(see attached)