Exhibit 2.17

 

SIXTH AMENDMENT TO STOCK PURCHASE AGREEMENT

 

This Sixth Amendment to Stock Purchase Agreement (“Amendment”) is entered into and effective this 25th day of February 2022, by and among: SANDRA JOHNSON AND MARCO JOHNSON, residents of the State of California (collectively, “Seller”), UNIVERSITY OF ANTELOPE VALLEY, INC., a California corporation (“UAV”), GENIUS GROUP LIMITED, a corporation organized under the laws of the Republic of Singapore (“Purchaser”), and UNIVERSITY OF ANTELOPE VALLEY, LLC, a California limited liability company (“UAV Property Company”).

 

RECITALS

 

WHEREAS, Seller, UAV, Purchaser and UAV Property Company (solely with respect to Section 1.2(b) of the Purchase Agreement) entered into that certain Stock Purchase Agreement dated as of March 22, 2021, the Amendment to Stock Purchase Agreement dated as of July 29, 2021, the Second Amendment to Stock Purchase Agreement dated September 30, 2021, the Third Amendment to Stock Purchase Agreement dated November 22, 2021, the Fourth Amendment to Stock Purchase Agreement dated December 21, 2021, and the Fifth Amendment to Stock Purchase Agreement dated January 23, 2022 (collectively, “Stock Purchase Agreement”).

 

WHEREAS, Seller, UAV, Purchaser and UAV Property Company wish to amend the Stock Purchase Agreement by mutual written consent.

 

NOW THEREFORE, in consideration of the foregoing recitals and the mutual representations, warranties, covenants and premises contained herein, the adequacy and sufficiency of which are hereby acknowledged, the parties to this Amendment, intending to be legally bound, agree as follows:

 

1.           The above Recitals are incorporated as if fully set forth herein.

 

2.           All capitalized terms used herein, but not otherwise defined, shall have the meaning ascribed to them in the Stock Purchase Agreement.

 

3.         The Stock Purchase Agreement is hereby amended by mutual written consent of the undersigned parties pursuant to Section 11.11 of the Stock Purchase Agreement as follows:

 

a.Section 1.4(b)(i)(B) is amended by changing the date of “February 28, 2022” to “March 31, 2022”;

 

b.Section 4.4(a) is amended by changing the date of “February 28, 2022” to “March 31, 2022”;

 

c.Section 7.7 is amended by changing the date of “February 28, 2022” to “March 31, 2022”;

 

d.Section 9.1(b) is amended by changing the date of “March 4, 2022” to “March 31, 2022”; and

 

e.Section 9.2(b) is amended by changing the date of “March 4, 2022” to “March 31, 2022”.

 

4.         This Amendment will become effective as of the date first written above (the “Effective Date”). Except as set specifically forth herein, all other terms and conditions of the Stock Purchase Agreement remain in full force and effect. On and after the Effective Date, each reference in the Stock Purchase Agreement to “this Agreement,” “the Agreement,” “hereunder,” “hereof,” “herein,” or words of like import, and each reference to the Stock Purchase Agreement in any other agreements, documents, or instruments executed and delivered pursuant to, or in connection with, the Stock Purchase Agreement will mean and be a reference to the Stock Purchase Agreement as amended by this Amendment.

 

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The parties hereby have caused this Amendment to be executed and delivered as of the Effective Date.

 

  By: /s/ Sandra Johnson
  Sandra Johnson
     
  By: /s/ Marco Johnson
    Marco Johnson
     
  University of Antelope Valley, Inc.,
  a California corporation
     
  By: /s/ Marco Johnson
  Name: Marco Johnson
  Title: President and Chief Executive Officer
     
  University of Antelope Valley, LLC
  a California limited liability company
     
  By: /s/ Marco Johnson
  Name: Marco Johnson
  Title: President and Chief Executive Officer
     
  Genius Group Limited,
  a Singapore corporation
     
  By: /s/ Roger Hamilton
  Name: Roger Hamilton
  Title: Founder and Director 

 

[Signature Page to SPA Sixth Amendment]