EX1A-6 MAT CTRCT 21 ea025672201ex6-10_modern.htm AMENDMENT TO INVESTOR RIGHTS AGREEMENT DATED NOVEMBER 3, 2022 BETWEEN MODERN MINING TECHNOLOGY CORP. AND KULJIT (JEET) BASI

Exhibit 6.10

 

INVESTOR RIGHTS AMENDING AGREEMENT

 

This Investor Rights Amending Agreement (this “Agreement”) is made the 3rd day of November, 2022.

 

BETWEEN:

 

MODERN MINING TECHNOLOGY CORP.

 

(the “Company”)

 

- and -

 

JEET BASI

 

(the “Warrantholder Representative”)

 

WHEREAS the Company entered into an Investor Rights Agreement (the “Original Agreement”) dated July 13, 2022 with the Warrantholder Representative, as representative for the Investors, to grant the Investors certain rights as set out therein;

 

AND WHEREAS the Company and the Warrantholder Representative desire to amend the Original Agreement to provide that the Original Agreement shall terminate in the event the Company completes an initial public offering of its common shares on a U.S. stock exchange;

 

THIS AGREEMENT WITNESSES THAT in consideration of the respective covenants and agreements of the Parties herein contained and for other good and valuable consideration (the receipt and sufficiency of which are acknowledged by each Party), the Parties agree as follows:

 

1.1Defined Terms

 

For the purposes of this Agreement, unless otherwise defined, all terms shall have the respective meanings ascribed thereto in the Original Agreement.

 

1.2Amendment

 

The Original Agreement is hereby amended to delete Paragraph 3.2 in its entirety, and replace it with the following:

 

3.2Termination

 

This Agreement shall terminate on the earliest of (i) the date that Investors and its Affiliates does not own, directly or indirectly, any Warrants (ii) the expiry date of the Warrants, and (iii) immediately prior to the completion by the Company of an initial public offering of its common shares and listing on a U.S stock exchange.

 

 

 

 

1.3Original Agreement Still in Effect

 

The Original Agreement and this Agreement shall together constitute and be read as one and the same written instrument. Except as otherwise amended by the foregoing, the provisions of the Original Agreement shall be and continue in full force and effect and are hereby confirmed as of the date hereof.

 

1.4Governing Law

 

This Agreement shall be interpreted and enforced in accordance with, and the respective rights and obligations of the Parties shall be governed by, the laws of the Province of British Columbia and the federal laws of Canada applicable in that province.

 

1.5Successors and Assigns

 

This Agreement shall enure to the benefit of and shall be binding on and enforceable by and against the Parties and their respective successors or heirs, executors, administrators and other legal personal representatives, and permitted assigns.

 

1.6Counterparts

 

This Agreement may be executed and delivered in any number of counterparts, by facsimile copy, by electronic or digital signature or by other written acknowledgement of consent and agreement to be legally bound by its terms. Each counterpart when executed and delivered will be considered an original but all counterparts taken together constitute one and the same instrument.

 

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IN WITNESS WHEREOF this Agreement has been executed by the Parties on the date first above written.

 

  MODERN MINING TECHNOLOGY CORP.
     
  By: /s/ Jeet Basi
    Name: Jeet Basi
    Title: Chief Executive Officer
     
  /s/ Jeet Basi
  JEET BASI

 

INVESTOR RIGHTS AMENDING AGREEMENT