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FIRST ADDENDUM TO THE LICENSE AGREEMENT

Key Takeaway: Filament Health Corp. and Psyence Group Inc. have executed a first addendum to their license agreement and commercial term sheet. This modification clarifies terms of the original agreement, ensuring continuity and consistency in their collaborative efforts. Each party will be responsible for their own legal costs associated with this addendum, reflecting their commitment to the partnership.

Market Sentiment Analysis

POSITIVE FACTORS

  • The license agreement has been amended, indicating ongoing collaboration.
  • Both parties demonstrated commitment by bearing their own legal costs.
  • The addendum clarifies terms, ensuring consistency in the agreement.

Full Press Release Details

FIRST ADDENDUM TO THE LICENSE AGREEMENT
AND COMMERCIAL TERM SHEET Between
FILAMENT HEALTH CORP. a corporation incorporated
in British Columbia Canada, with offices at #210-4475 Wayburne Drive, Burnaby BC ("Filament")
PSYENCE GROUP INC, a corporation
incorporated in Ontario, Canada, with offices at 121 Richmond Street West Penthouse Suite, 1300 Toronto, ON M5H2K1, Canada (an amalgamation
between PSYENCE GROUP INC AND PSYENCE BIOMED CORP) ("PSYG")
(collectively, the "Parties")
The Shipment consists of the following:
The Term Sheet is hereby terminated with effect from the
The License Agreement is hereby amended
the extent specifically or by necessary implication modified in or inconsistent with the provisions of this Addendum, all the terms and
conditions of the License Agreement shall mutatis mutandis continue in full force and effect. If there is any discrepancy between
this Addendum and the License Agreement, this Addendum shall prevail.
Each Party will bear and pay its own legal costs and expenses
of and incidental to the negotiation, drafting, preparation and implementation of this Addendum.
Signed on behalf of the parties, each signatory hereto
warranting that he/she has due authority to do so.
IN WITNESS WHEREOF the parties have executed this
Addendum as of the date first written above.
PSYENCE GROUP INC
By: /s/ Jody Aufrichtig
Name: Jody Aufrichtig
Title: Director
I have authority to bind the corporation.
PSYENCE BIOMEDICAL LTD
By: /s/ Neil Maresky
Name: Neil Maresky
Title: Chief Executive Officer
I have authority to bind the corporation.
FILAMENT HEALTH CORP.
By: /s/ Ben Lightburn
Name: Ben Lightburn
Title: Director
I have authority to bind the corporation.

Frequently Asked Questions

What companies are involved in the agreement?

The agreement involves Filament Health Corp and Psyence Group Inc.

Where is Filament Health Corp located?

Filament Health Corp is located in Burnaby, British Columbia, Canada.

What happens to the Term Sheet?

The Term Sheet is terminated as of the date specified in the agreement.

Who signed the addendum on behalf of the parties?

Jody Aufrichtig, Neil Maresky, and Ben Lightburn signed the addendum.

Are legal costs shared between the parties?

No, each party will pay its own legal costs and expenses.

Last updated: Jul 24, 2024