Amendment No. 3 to Secured Promissory Note between Aditxt, Inc. and Lender (January 2024)
This amendment, dated January 31, 2024, updates the terms of a secured promissory note originally issued by Aditxt, Inc. to a lender. The amendment extends the note's maturity date from January 31, 2024, to February 29, 2024, provided the lender receives a specified principal payment and an amended note by February 9, 2024. It also adjusts the outstanding principal amount. The agreement is governed by New York law and requires signatures from both parties to be effective.
Exhibit 10.1
AMENDMENT NO. 3 TO SECURED PROMISSORY NOTE
This AMENDMENT NO. 3 TO SECURED PROMISSORY NOTE (the “Amendment”) dated as of January 31, 2024, is made with reference to the Secured Promissory Note (together with Amendment No. 1 to Secured Promissory Note dated as of January 2, 2024 and Amendment No. 2 to Secured Promissory Note dated as of January 5, 2024, the “Note”) in the amount of $_________ dated December 11, 2023 (and as subsequently amended on January 2, 2024 and again on January 5, 2024) made by ADITXT, INC. (“Borrower”) to _______ or its registered assigns (“Lender”).
Concurrently herewith, and in consideration of the accommodations set forth herein, Borrower is delivering to Lender (the “Additional Consideration”) not later than February 9, 2024 (a) a principal payment in the amount of $_______, and (b) an amendment to the secured promissory note due September 2024 in the amount of $________, increasing the principal balance to $718,627.50.
FOR VALUE RECEIVED, the undersigned agree that upon timely receipt of the Additional Consideration (a) the current “Maturity Date” of January 31, 2024 is amended to be February 29, 2024, and (b) the remaining outstanding principal amount of the Note is $________.
This Amendment may be signed in any number of counterparts, each of which shall be an original and all of which together shall have the same effect as if the signatures thereto and hereto were upon the same instrument.
This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York (without regard to conflicts of law principles) and any applicable law of the United States of America.
LENDER | ||
By: | ||
Print Name: | ||
Title: | ||
ADITXT, INC. | ||
Signature: | ||
Print Name: | Amro Albanna | |
Title: | Chief Executive Officer |