Amendment to Promissory Note between Cingulate Therapeutics LLC and Edward Dresch (Dresch Inc.)

Contract Categories: Business Finance › Modification Agreements
Summary

Cingulate Therapeutics LLC and Edward Dresch (through Dresch Inc.) have agreed to amend their original promissory note dated January 27, 2020. The amendment changes the date by which the loan must be paid in full to February 1, 2022. All other terms of the original agreement remain unchanged. This amendment is signed by representatives of both parties.

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EX-10.17 21 ex10-17.htm

 

Exhibit 10.17

 

 

Mr. Edward Dresch

Dresch Inc.

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Dear Mr. Dresch,

 

The undersigned parties to Promissory Note dated January 27, 2020 (the “Note”), by and between Edward Dresch (“Lender”), and Cingulate Therapeutics LLC (“Borrower”), for a total principle of $500,000.00 hereby mutually agree to amend said Note to change the Paid in Full dated to “February 1, 2022”. All other items of the Contract shall remain in full force and effect.

 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first set forth above.

 

BORROWER   LENDER
Cingulate Therapeutics, LLC   Dresch, Inc.
         
By: /s/Craig S. Gilgallon   By: /s/ Edward Dresch
  Craig S. Gilgallon, Esq.     Edward Dresch
  General Counsel     President