Allonge to Convertible Promissory Note between Brain Scientific Inc. and Len P. Mertz (February 28, 2020)

Summary

This agreement is an amendment to a $130,000 Convertible Promissory Note originally issued by Brain Scientific Inc. to Len P. Mertz. The amendment changes the note's maturity date to the earlier of February 5, 2021, or the completion of a qualified financing or similar event that triggers the issuance of conversion shares. Both parties agree that this amendment becomes a permanent part of the original note.

EX-10.1 2 ea119332ex10-1_brain.htm ALLONGE TO CONVERTIBLE PROMISSORY NOTE DATED FEBRUARY 28, 2020 ($130,000)

Exhibit 10.1

ALLONGE TO CONVERTIBLE PROMISSORY NOTES

Allonge (this “Allonge”) to that certain Convertible Promissory Note (the “Convertible Promissory Note”) attached hereto as Exhibit 1 and made a part hereof in the principal amount of $130,000 dated February 5, 2019, from Brain Scientific Inc., a Nevada corporation (the “Company”), in favor of Len P. Mertz, as Holder (the “Holder”).

The Company and the Holder agree that the Convertible Promissory Note shall be revised as follows:

1. The definition of “Maturity Date” in Section 1.1 of the Convertible Promissory Note shall be amended and replaced to read as follows:

““Maturity Date” shall mean the earlier of: (a) February 5, 2021 or (b) the consummation of a Qualified Financing or other event pursuant to which Conversion Shares are to be issued pursuant to the terms of this Note.”

This Allonge is intended to be attached to and made a permanent part of the Convertible Promissory Note.

Dated as of the 28^thday of February, 2020.

Company:	BRAIN SCIENTIFIC INC.

	By:	/s/ Boris Goldstein
	Name:
	Title:

Holder:	LEN P. MERTZ

	By:	/s/ Len P. Mertz
	Name:
	Title: