Warrant Extension Agreement between BioRestorative Therapies, Inc. and John M. Desmarais
BioRestorative Therapies, Inc. agrees to extend the expiration dates of two previously issued warrants held by John M. Desmarais by one year, in consideration of his purchase of 80,000 shares of common stock and a new warrant for 80,000 shares for $240,000. The new expiration dates are November 18, 2017, and March 18, 2018. All other terms of the original warrants remain unchanged.
Exhibit 10.66
September 26, 2016
John M. Desmarais
26 Deer Creek Lane
Mt. Kisco, New York 10549
Dear John:
Reference is made to the Subscription Agreement, dated September 26, 2016, by and between BioRestorative Therapies, Inc. (the “Company”) and you (the “Subscription Agreement”).
Pursuant to the Subscription Agreement, the Company is issuing to you 80,000 shares of Common Stock of the Company and a Warrant for the purchase of 80,000 shares of Common Stock of the Company for a subscription price of $240,000.
In consideration of your purchase of the shares of Common Stock and Warrant pursuant to the Subscription Agreement, the Company agrees that the expiration dates of the Warrants, dated March 18, 2016, issued to you for the purchase of 444,444 and 400,000 shares of the Company’s Common Stock, respectively (the “Warrants”), are extended for a period of one year from November 18, 2016 and March 18, 2017, respectively, to November 18, 2017 and March 18, 2018, respectively
Except as modified herein, the Warrants shall continue in full force and effect in accordance with their terms.
| Very truly yours, | ||
| BioRestorative Therapies, Inc. | ||
| By: | ||
| Mark Weinreb, Chief Executive Officer | ||
