EX-99.6 2 tm2038896d2_ex99-6.htm EXHIBIT 99.6

 

Exhibit 99.6

 

 

 

 

Fengate Trident LP December 17, 2020 c/o Fengate Capital Management Ltd. 2275 Upper Middle Rd. E., Suite 700 Oakville, ON L6H 0C3 Attention: Heather Crawford Re: Fourth Amendment to Convertible Promissory Notes Reference is made to that certain Fourth Amendment to Convertible Promissory Notes dated November 30, 2020 between Fengate Trident LP (“Fengate”) and the undersigned (“Trident”) (“Fourth Amendment”). Capitalized terms not defined herein shall have the meanings ascribed to them in the Fourth Amendment. This will confirm the parties’ acknowledgements and agreements regarding the subject matter of the Fourth Amendment, as of November 30th, 2020: 1. The issuance of the Trident Preferred Stock provided for in the Fourth Amendment (the “Preferred Stock Transaction”) shall be consummated no later than June 30, 2021, failing which, Fengate shall be relieved of its obligation thereunder to accept the Preferred Stock in satisfaction of the specified Trident liabilities. 2. The 2016 Convertible Notes shall not be convertible into Trident Common Stock unless the Preferred Stock Transaction shall not have been consummated by June 30, 2021. 3. If the Preferred Stock Transaction shall not have been consummated by June 30, 2021, notwithstanding any provision of the 2016 Convertible Notes to the contrary, the 2016 Convertible Notes shall not be convertible by Fengate, except upon 75 days’ prior written notice to Trident. If the foregoing reflects your understanding, please countersign this letter where indicated. Thank you, Trident Brands Incorporated Accepted and Agreed ________________________ Fengate Trident, LP By: Anthony Pallante, CEO By: Fengate Trident GP Inc., its general partner ________________________ _______________ By: Heather Crawford, Secretary