Amendment to Loan Agreement between Ondas Networks Inc. and Lender (June 24, 2019)
Ondas Networks Inc. and a lender have agreed to amend the terms of their existing loan agreements. All outstanding principal and interest as of June 30, 2019, will be combined into a new principal amount, which must be repaid in full by July 31, 2019, along with any accrued interest. The company may repay the loan early without penalty. All other terms of the original loan agreements remain unchanged.
Exhibit 10.0
Amendment
This agreement made as of this 24th day of June, 2019 by and between Ondas Networks Inc. (the “Company”) and the undersigned lender (‘Lender”).
Whereas the Company is indebted to the Lender for certain loan principle and interest pursuant to certain loan agreements and notes as amended (“Loan”); and
Whereas the Parties wish to amend certain terms respecting the Loan.
It is hereby agreed:
| 1. | All principal and interest outstanding under any and all Loans made by the Lender to the Company and subsequently accruing through to June 30, 2019 shall be defined as and constitute the new principal amount of Lender’s Loans to the Company (“New Loan Principal”). |
| 2. | The New Loan Principal shall be payable in full on July 31, 2019 together with interest thereon, or at any time earlier in whole or part at Company’s discretion without notice or bonus. |
| 3. | All other terms of the Loan shall continue. |
| Ondas Networks Inc. | Lender | |||
| By: | ||||
| Name: | Eric Brock, CEO | |||
