Deferral Agreement for Consulting Fees between US Asian Consulting Group, LLC and Nexalin Technologies, Inc.
US Asian Consulting Group, LLC and Nexalin Technologies, Inc. have agreed to defer payment of $250,000 in consulting fees owed under their existing Consulting Agreement. The deferred payment, originally due earlier, will now be payable on or after December 15, 2022. This agreement modifies the payment schedule but does not alter other terms of the original Consulting Agreement.
Exhibit 10.9
US ASIAN CONSULTING GROUP, LLC
32 Camlet Court
Roseland, New Jersey 07068
Dated as of March 30, 2022
Nexalin Technologies, Inc.
1776 Yorktown, Suite 550
Houston, Texas 77056
Attn.: Mark White, CEO
Re: Deferral of Consulting Fee
Ladies and Gentlemen:
We refer to the Consulting Agreement, as amended, dated as of May 9, 2018 (“Consulting Agreement”) between US Asian Consulting Group, LLC (“US Asian”) and Nexalin Technology, Inc.
This letter confirms our agreement that US Asian has agreed to defer payments of $250,000 otherwise due to it in connection with fees owed to it under Consulting Agreement. We further confirm that the payments have been deferred until December 15, 2022.
| Sincerely, | ||
| US ASIAN CONSULTING GROUP, LLC | ||
| By: | /s/ Leonard Osser | |
| Leonard Osser, Managing Member/Principal | ||
