Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
MDWerks, Inc. amended Exchange Agreement with RF Specialties LLC and Keith A. Mort valued at Termination date extended from May 31, 2023 to February 1, 2024; removal of condition in Section 6.0 (effective 2023-12-20).
- Action
- amendment
- Agreement
- asset purchase
- Counterparty
- RF Specialties LLC and Keith A. Mort
- Value
- Termination date extended from May 31, 2023 to February 1, 2024; removal of condition in Section 6.0
- Effective
- 2023-12-20
Exact text from the filing
On December 20, 2023, the Parties entered into an Amendment No. 1 to the Exchange Agreement (the “Amendment”) changing the following provisions of the Exchange Agreement: ● Termination Date The date on which the Exchange must take place, or the Exchange Agreement will be terminated has been amended from May 31, 2023, to February 1, 2024. ● Removal of a Condition to the Closing The following provision, Section 6.01(f) of the Exchange Agreement, has been altogether removed: “Tradition Reserve I LLC, the majority shareholder of the Company as of the Effective Date (“Tradition”) shall have completed the distribution of the Equity Securities of the Company held by Tradition to the members of Tradition, as determined by Tradition.”
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