Non-Interest-Bearing Demand Promissory Note between Aphria Diamond Inc. and Double Diamond Holdings Ltd.
Aphria Diamond Inc. promises to pay Double Diamond Holdings Ltd. $23,791,657 in U.S. dollars on demand, without interest. The note can be repaid in full or in part at any time without penalty. It cannot be assigned or transferred without Aphria Diamond Inc.'s written consent. The agreement is governed by the laws of Ontario, Canada. Aphria Diamond Inc. waives certain formalities related to payment and enforcement. The note was executed on September 16, 2024.
EXHIBIT 10.2
PROMISSORY NOTE
NON INTEREST-BEARING DEMAND
Amount: USD $23,791,657 Due: On Demand
FOR VALUE RECEIVED the undersigned, Aphria Diamond Inc. (the “Corporation”), acknowledges itself indebted to and unconditionally promises to pay to the order of Double Diamond Holdings Ltd. (the “Shareholder”), the principal amount of USD $23,791,657 without interest, ON DEMAND.
The Corporation may at any time, without notice, bonus or penalty, pay all or part of the amount outstanding under the promissory note. This promissory note is non-assignable and non- transferable without the prior written consent of the Corporation.
This promissory note is issued pursuant to and shall be interpreted and enforced in accordance with, and the obligations of the Corporation shall be governed by, the laws of the Province of Ontario and the federal laws of Canada applicable therein.
The Corporation hereby waives presentment for payment, notice of dishonour, protest and notice of protest, bringing of suit and diligence in taking any action.
IN WITNESS WHEREOF the Corporation has duly executed and delivered this promissory note.
DATED as of September 16, 2024.
| APHRIA DIAMOND INC. |
| By: |
| Authorized Signing Officer |
