SEC Contract Filing

Filing Date: 2024-11-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex_751502.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: right;"><b>Exhibit 10.1</b></p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"><b><u>OBLIGATION EXCHANGE AGREEMENT</u></b></p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">This Obligation Exchange Agreement (this &#8220;<b>Agreement</b>&#8221;) is entered into as of September 28, 2024, by and among ________________, a (&#8220;<b>Creditor</b>&#8221;), and <b><u>Mitesco, Inc.</u></b>, a Nevada corporation (the &#8220;<b>Company</b>&#8221;).</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">Whereas, Company has incurred certain obligations towards the Creditor in the form of account payable (the &#8220;<b>Obligation</b>&#8221;);</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">Whereas, both parties agree that the total unaudited amounts owed to the Creditor were $_________ as of September 28, 2024;</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">Whereas, both parties agree that in order to settle this matter the new amount owed in full resolution of all amounts incurred shall be $_________;</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">Whereas both parties agree that any previously issued warrants shall be cancelled as a part of this agreement;</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">Whereas, the parties agree to fully resolve and settle all amounts owed as set forth herein (the &#8220;<b>Exchange</b>&#8221;); and,</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">Whereas, both parties have agreed, subject to the terms, amendments, conditions and understandings expressed in this Agreement, to enter into this Exchange.</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">1. <u>Recitals</u>. Each of the parties hereto acknowledges and agrees that the recitals set forth above in this Agreement are true and accurate and are hereby incorporated into and made a part of this Agreement.</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">2. <u>Exchange</u>. The parties hereby agree to an exchange of the Obligation for the issuance of ________ shares of restricted common stock of the Company, $0.01 par value per share (the &#8220;<b>Common Stock</b>&#8221;), at an exchange price of $4.00 per share (the &#8220;<b>Exchange Price</b>&#8221;).</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">3. <u>Representations and Warranties of the Company</u>. In order to induce Creditor to enter into this Agreement, Company, for itself, and for its affiliates, successors and assigns, hereby acknowledges, represents, warrants and agrees as follows:</p>

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