Amendment No. 3 to Third Amended and Restated 10% Convertible Note between Cell Source, Inc. and Darlene Soave Revocable Trust

Contract Categories: Business Finance › Note Agreements
Summary

Cell Source, Inc. and the Darlene Soave Revocable Trust have agreed to extend the maturity date of a previously issued 10% Convertible Note. The new maturity date is October 28, 2023. This amendment updates the terms of the original note and confirms that all other terms remain unchanged. The agreement is effective as of April 28, 2023, and is signed by authorized representatives of both parties.

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EX-10.64C 6 ex10-64c.htm

 

EXHIBIT 10.64(c)

 

Amendment No. 3 to

 

Third Amended and Restated 10% Convertible Note

 

This Amendment No. 3 to Third Amended and Restated 10% Convertible Note effective June 18, 2021 between Cell Source, Inc. (the “Company”) and Darlene Soave (the “Lender”) is effective as of this 28th day of April 2023.

 

WHEREAS, the Company has previously issued to the Lender an 8% Convertible Note effective October 28, 2019 (the “Original Note”) that was subsequently amended by various amendments, including the Third Amended and Restated 10% Convertible Note (the “Third Amended and Restated Note”) in the principal amount of up to $6,000,000 dated and effective as of June 18, 2021;

 

WHEREAS, the Lender has assigned the Note to Darlene Soave Revocable Trust (the “Holder”);

 

WHEREAS, the Company and the Holder wish to extend the Maturity Date of the Third Amended and Restated Note;

 

NOW THEREFORE, the Company and the Holder hereby agree as follows:

  1. Extension of Maturity Date. The Maturity Date of the Note is hereby extended until October 28, 2023.
     
  2. Capitalized Terms. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed in the Note.
     
  3. Counterparts. This Amendment may be executed in multiple counterparts, each of which shall be an original, but all of this shall be deemed to constitute one instrument.

 

IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 3 as of April 28, 2023.

 

  COMPANY
     
  Cell Source, Inc.
     
  By: /s/ Itamar Shimrat
  Name: Itamar Shimrat
  Title: President and Chief Executive Officer
     
  HOLDER
     
  Darlene Soave Revocable Trust
     
  By: /s/ Darlene Soave
  Name: Darlene Soave
  Title: Trustee