Note Extension Agreement dated March 17, 2022
EXHIBIT 10(II)
PROMISSORY NOTE EXTENSION AGREEMENT
| Total Principal Amount: $3,000,000 |
This Promissory Note Extension Agreement, hereinafter referred to as “Extension Agreement,” entered into this 17TH day of March, 2022, by and between Ainos, Inc., a Texas corporation (“Maker”), and Ainos, Inc., a Cayman Islands corporation, or its successors or assigns (“Holder”).
WHEREAS, Maker and Holder have entered into those certain promissory notes listed and more particularly described in Schedule 1 attached hereto for a total principal amount of Three Million Dollars ($3,000,000), hereinafter referred to as the “Notes”. The Notes are due and payable on the dates indicated in Schedule 1.
WHEREAS, Maker and Holder desire to enter into this Extension Agreement in order to extend the date when all the outstanding principal and accrued and unpaid interest of the Notes are due and payable to on the same date.
NOW, THEREFORE, it is duly agreed by both Maker and Holder to extend the due date of the Notes to February 28, 2023.
All other provisions of the original Note shall prevail unless otherwise written.
IN WITNESS WHEREOF, the undersigned Maker and Holder have duly executed this Extension Agreement, extending the due date of the Notes as of the day and year first written above.
COMPANY:
| Ainos, Inc., a Texas corporation | ||
| By: | /s/Chun-Hsien Tsai | |
|
| Chun-Hsien Tsai, CEO | |
HOLDER:
| Ainos, Inc., a Cayman Islands corporation | ||
| By: | /s/Chun-Hsien Tsai | |
|
| Chun-Hsien Tsai, CEO | |
PROMISSORY NOTE EXTENSION AGREEMENT
Ainos Inc to Ainos KY – March 17 2022
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PROMISSORY NOTE EXTENSION AGREEMENT
Schedule 1
| No. | Effective Date | Due Date | From Effective | Following Maturity | Conversion Rate | Principal Amount as of 12/31/2021 |
Accrued Interest as of 12/31/21 |
| #12.21 | 4/27/2021 | 10/27/2021 | 1.85% | NA | $ 0.20 | 15,000 | 189 |
| #13.21 | 5/5/2021 | 11/5/2021 | 1.85% | NA | $0.20 | 20,000 | 243 |
| #14.21 | 5/25/2021 | 11/25/2021 | 1.85% | NA | $ 0.20 | 30,000 | 335 |
| #15.21 | 5/28/2021 | 11/28/2021 | 1.85% | NA | $ 0.20 | 35,000 | 385 |
| #16.21 | 6/9/2021 | 12/9/2021 | 1.85% | NA | $ 0.20 | 300,000 | 3,117 |
| #17.21 | 6/21/2021 | 12/21/2021 | 1.85% | NA | $ 0.20 | 107,000 | 1,047 |
| #18.21 | 7/2/2021 | 1/2/2022 | 1.85% | NA | $ 0.20 | 54,000 | 498 |
| #19.21 | 9/1/2021 | 3/1/2022 | 1.85% | NA | $ 0.20 | 120,000 | 742 |
| #20.21 | 9/28/2021 | 3/28/2022 | 1.85% | NA | $ 0.20 | 300,000 | 1,429 |
| #21.21 | 11/10/2021 | 5/10/2022 | 1.85% | NA | $ 0.20 | 50,000 | 129 |
| #22.21 | 11/25/2021 | 11/25/2022 | 1.85% | NA | $ 0.20 | 450,000 | 798 |
| #23.21 | 11/29/2021 | 5/29/2022 | 1.85% | NA | $ 0.20 | 300,000 | 471 |
| #24.21 | 12/29/2021 | 6/29/2022 | 1.85% | NA | $ 0.20 | 1,219,000 | 124 |
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| TOTALS | 3,000,000 | 9,507 |
PROMISSORY NOTE EXTENSION AGREEMENT
Ainos Inc to Ainos KY – March 17 2022
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