Extension of Subscription Agreement between Spectral Capital Corporation and Ras al Khaimah Investment and Development Co LLC
Spectral Capital Corporation has extended its Subscription Agreement with Ras al Khaimah Investment and Development Co LLC (RAKINI) until October 22, 2024. The agreement also updates the company's representations and warranties, including details about its current share structure. This extension allows RAKINI additional time to complete its subscription under the original terms, with updated information about the company's capitalization.
Subscription Agreement Extension
This Subscription Agreement Extension (“Extension”) is granted by Spectral Capital Corporation (the “Company”) to Ras al Khaimah Investment and Development Co LLC (“RAKINI”) pursuant to that Subscription Agreement entered into between the Company and RAKINI on August 23, 2024. The Company hereby extends the Subscription Agreement to October 22, 2024. In addition, the Company updates the representations and warranties contained in the Subscription Agreement by its current filings at www.sec.gov, including but not limited to the current capitalization of the Company, which consists of 100,000,000 common shares authorized and 5,000,000 preferred shares authorized and 67,699,516 common shares issued and outstanding and 1,000,000 preferred shares authorized as Series Quantum Preferred of which 1,000,000 are issued and outstanding.
This extension is hereby granted by the Company as of September 30, 2024:
SPECTRAL CAPITAL CORPORATION |
| |
|
|
|
By: |
|
|
|
|
|
X |
|
|
| Jenifer Osterwalder |
|
| Chief Executive Officer |
|
