First Amendment to Exchange Agreement between Safe Pro Group Inc. and Safe-Pro USA, LLC dated October 27, 2022
Exhibit No. 10.11
FIRST AMENDMENT TO EXCHANGE AGREEMENT
THIS FIRST AMENDMENT (“ Amendment”) to the Exchange Agreement dated 7th June 2022 between SAFE PRO GROUP INC. f/k/a Cybernate Corp., a Delaware corporation (the “ Parent”), SAFE-PRO USA, LLC, a limited liability organized under the laws of Florida (the “ Company” ) and the Members of the Company (each a “Member” and collectively “Members”) is made as of this 27th day of October 2022.
W I T N E S S E T H :
WHEREAS, the Parent, the Company, and the Members executed that certain Exchange Agreement dated 71:h June 2022 (“ Exchange Agreement” );
WHEREAS, the Parent, the Company, and the Members desire to amend the Exchange Agreement as provided herein;
NOW, THEREFORE, in consideration of the mutual covenant and conditions contained herein, the Parties agree as follows:
| 1. | From and after the date hereof, the following provisions are amended as below: |
| a. | Section 7.07(ii) shall be amended to replace the date of November 30, 2022, with the May 5, 2023. All dates related to the amendment of date from November 30, 2022, to May 5, 2023 shall be adjusted accordingly . |
| 2. | Other Terms Unchanged . The Exchange Agreement , as amended by this Amendment, remains, and continues in full force and effect, constitutes legal, valid, and binding obligations of each of the parties, and is in all respects agreed to, ratified, and confirmed. |
| 3. | Counterparts. This Amendment may be executed in any number of counterparts , each of which shall be deemed an original, but all of which together shall constitute one instrument. The Parties hereto confirm that any electronic copy of another party ‘ s executed counterpart of this Amendment (or such party ‘ s signature page thereof) will be deemed to be an executed original thereof |
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[SIGNATURE PAGE TO FIRST AMENDMENT TO EXCHANGE AGREEMENT]
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their authorized signatories all as of the day and year first above written.
| SAFE PRO GROUP INC. | ||
| f/k/a Cybernate Corp. | ||
| By: | /s/ Daniyel Erdberg | |
| Name: | Daniyel Erdberg, CEO | |
| SAFE-PRO USA, LLC | ||
| By: | /s/ Pravin Borkar | |
| Pravin Borkar, Manager | ||
| MEMBERS | ||
| By: | /s/ Pravin Borkar | |
| Name: | Pravin Borkar, Member | |
