SEC Contract Filing

Filing Date: 2023-07-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>bf024_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
<html><head><meta charset="UTF-8"></head><body><p align="center" class="nonEmpty nonEmpty" style="-webkit-margin-before: 0em;-webkit-margin-after: 0em;background: none;text-align: center;line-height: 12pt;margin-top: 0px;font-family: &quot;Times New Roman&quot;, Times, serif;font-size: 10pt;margin-right: 0px;margin-bottom: 0px;text-indent: 0px"><b><font lang="EN" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; line-height: 12pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;">&#160;</font></b></p><p align="center" class="nonEmpty nonEmpty" style="-webkit-margin-before: 0em;-webkit-margin-after: 0em;background: none;text-align: center;line-height: 12pt;margin-top: 0px;font-family: &quot;Times New Roman&quot;, Times, serif;font-size: 10pt;margin-right: 0px;margin-bottom: 0px;text-indent: 0px"><b><font class="" lang="EN" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; line-height: 12pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;"></font></b><br></p><p align="right" style="-webkit-margin-before: 0em;-webkit-margin-after: 0em;background: none;text-align: right;line-height: normal;margin-top: 0px;margin-bottom: 0px;font-family: &quot;Times New Roman&quot;, Times, serif;margin-right: 0px;text-indent: 0px"><b><font lang="EN" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; color: rgb(0, 0, 0); line-height: 12pt; background: none; letter-spacing: 0px; top: 0px;">Exhibit 10.3</font></b><b><font class="" lang="EN" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; line-height: 12pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;"></font></b></p><p align="center" class="nonEmpty nonEmpty" style="-webkit-margin-before: 0em;-webkit-margin-after: 0em;background: none;text-align: center;line-height: 12pt;margin-top: 0px;font-family: &quot;Times New Roman&quot;, Times, serif;font-size: 10pt;margin-right: 0px;margin-bottom: 0px;text-indent: 0px"><b><font lang="EN" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; line-height: 12pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;">&#160;</font></b></p><p align="center" style="-webkit-margin-before: 0em;-webkit-margin-after: 0em;background: none;text-align: center;line-height: normal;margin-top: 0px;margin-bottom: 0px;font-family: &quot;Times New Roman&quot;, Times, serif;margin-right: 0px;text-indent: 0px"><b><font lang="EN" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; color: rgb(0, 0, 0); line-height: 12pt; background: none; letter-spacing: 0px; top: 0px;">LOAN CONVERSION AGREEMENT</font></b><b><font class="" lang="EN" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; line-height: 12pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;"></font></b></p><p class="nonEmpty nonEmpty" style="-webkit-margin-before: 0em;-webkit-margin-after: 0em;background: none;text-align: justify;text-indent: 19pt;line-height: 12pt;margin-top: 0px;font-family: &quot;Times New Roman&quot;, Times, serif;font-size: 10pt;margin-right: 0px;margin-bottom: 0px"><font class="whitespaceprewrap" lang="EN" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; white-space: pre-wrap; line-height: 12pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;">&#160;</font></p><p style="-webkit-margin-before: 0em;-webkit-margin-after: 0em;background: none;text-align: justify;text-indent: 19pt;line-height: 12pt;margin-top: 0px;margin-bottom: 0px;font-family: &quot;Times New Roman&quot;, Times, serif;font-size: 10pt;margin-right: 0px"><font lang="EN" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; color: rgb(0, 0, 0); line-height: 12pt; background: none; letter-spacing: 0px; top: 0px;">This Loan Conversion Agreement (the &#8220;<u>Agreement</u>&#8221;) is entered into effective as of July 18, 2023, by and between David Deming (&#8220;<u>Investor</u>&#8221;) and Better For You Wellness Inc., a Nevada corporation (the &#8220;<u>Company</u>&#8221;), with reference to the following facts:</font><font class="" lang="EN" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; line-height: 12pt; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;"></font></p><p class="nonEmpty nonEmpty" style="-webkit-margin-before: 0em;-webkit-margin-after: 0em;background: none;text-align: justify;text-indent: 19pt;line-height: 12pt;margin-top: 0px;font-family: &quot;Times New Roman&quot;, Times, serif;font-size: 10pt;margin-right: 0px;margin-bottom: 0px"><font class="whitespaceprewrap" lang="EN" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; white-space: pre-wrap; line-height: 12pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;">&#160;</font></p><p style="-webkit-margin-before: 0em;-webkit-margin-after: 0em;background: none;text-align: justify;text-indent: 19pt;line-height: 12pt;margin-top: 0px;margin-bottom: 0px;font-family: &quot;Times New Roman&quot;, Times, serif;font-size: 10pt;margin-right: 0px"><font lang="EN" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; color: rgb(0, 0, 0); line-height: 12pt; background: none; letter-spacing: 0px; top: 0px;">WHEREAS, Investor has loaned $195,000 to the Company as of the Company&#8217;s 2023 fiscal year ended February 28, 2023, of which the Company and Investor desire to convert $195,000 (the &#8220;<u>Debt</u>&#8221;) into shares of restricted Common Stock par value $0.0001, a