Allonge to Convertible Promissory Note between Brain Scientific Inc. and Leonard Mazur (February 28, 2020)
This agreement is an amendment to a $100,000 Convertible Promissory Note originally issued by Brain Scientific Inc. to Leonard Mazur. The amendment changes the note's maturity date to the earlier of January 18, 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.
Exhibit 10.2
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 $100,000 dated January 18, 2019, from Brain Scientific Inc., a Nevada corporation (the “Company”), in favor of Leonard Mazur, 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) January 18, 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 28th day of February, 2020.
Company: | BRAIN SCIENTIFIC INC. | |
By: | /s/ Boris Goldstein | |
Name: | ||
Title: | ||
Holder: | LEONARD MAZUR | |
By: | /s/ Leonard Mazur | |
Name: | ||
Title: |