Amendment Agreement between Ondas Networks Inc. and Lender Regarding Loan Terms
Ondas Networks Inc. and a lender have agreed to amend the terms of an existing loan. All outstanding principal and interest as of July 31, 2019, will now be considered the new principal amount. This new principal is due in full, with interest, by September 30, 2021, but may be repaid earlier at the company's discretion without penalty. All other original loan terms remain unchanged.
Exhibit 10.2
FORM OF
Amendment
This agreement made as of this 31st day of July 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 the Loan and subsequently accruing through to July 31, 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 September 30, 2021 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.
| By: | ||
| Name: | Eric Brock |
