Exhibit 10.2
PROMISSORY NOTE
$6,000,000 May 14, 2024
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If to Arcadia:
Arcadia Biosciences, Inc.
Attn: Chief Executive Officer
5950 Sherry Lane, Suite 215
Dallas, TX 75225
Email: stan.jacot@arcadiabio.com
with copy to:
Weintraub Tobin Chediak Coleman Grodin Law Corporation
400 Capitol Mall, 11th Floor
Sacramento, CA 95814
Attn: Michael De Angelis
Email: mdeangelis@weintraub.com
If to Buyer to:
Above Food Corp.
2305 Victoria Ave #001, Regina, SK S4P 0S7
Attn: Lionel Kambeitz
Email: lionel@abovefood.com
with copy to:
Latham & Watkins LLP
811 Main Street, Suite 3700
Houston, Texas 77002
Attention: Ryan Maierson and Ryan Lynch
E-mail: ryan.maierson@lw.com; ryan.lynch@lw.com
Notice given by personal delivery pursuant to this Section 12(a) shall be effective upon physical receipt. Notice given by electronic mail pursuant to this Section 12(a) shall be effective on the date sent by electronic mail and successfully delivered before 5:00 p.m. Pacific Time on any Business Day or the next succeeding Business Day if sent after 5:00 p.m. Pacific Time on any Business Day or during any non-Business Day. Notice given by mail or overnight courier pursuant to Section 12(a) shall be effective one (1) Business Day following sending. Each party may change the address by which proper notice shall be given pursuant to this Section 12(a) by providing notice to the other parties in accordance with this Section 12(a).
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IN WITNESS WHEREOF, this Promissory Note is executed as of the first date set forth above.
PARENT: | ARCADIA: |
ABOVE FOOD CORP.
By: /s/ Lionel Kambeitz Lionel Kambeitz Chief Executive Officer
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ARCADIA BIOSCIENCES, INC.
By: /s/ Stanley Jacot, Jr. Stanley Jacot, Jr., Chief Executive Officer
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SUBSIDIARY: |
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ABOVE FOOD INGREDIENTS CORP.
By: /s/ Lionel Kambeitz Lionel Kambeitz Executive Chairman
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