Amendment to Warrant Agreement between PEN Comeback 2, LLC and Nano Magic Holdings Inc.

Summary

This amendment, dated May 26, 2022, is between PEN Comeback 2, LLC and Nano Magic Holdings Inc. It extends the expiration date of certain warrants to purchase common stock by two years, making each warrant valid for six years from its original issue date. All other terms of the warrants remain unchanged. The amendment also updates the notice procedures for exercising the warrants and for sending notices to the company.

EX-4.1 2 ex4-1.htm

Exhibit 4.1

Amendment to Warrant[s]

This Amendment to Warrant[s] dated as of May 26, 2022, is by and between PEN Comeback 2, LLC, a Michigan limited liability company (“Holder”), and Nano Magic Holdings Inc., a Delaware corporation formerly known as PEN Inc. (the “Company”).

The Company has issued to Holder warrant[s] to purchase Class A common stock of the Company that, under the amended and restated certificate of incorporation of the Company is now simply common stock. The warrant[s] owned by holder are:

Date of issue:	Underlying shares:

The Company and Holder agree to extend the original for year term of the warrant[s] held by holder for an additional two-year term, meaning that each warrant will expire six years from date of issue.

The Company and Holder agree that for each of the above described warrant[s] (i) the Notice of Warrant Exercise shall hereafter reference the warrant, as amended; (ii) notices to the Company shall be sent to Nano Magic Holdings Inc. at 31601 Research Park Drive, Madison Heights MI 48701, and e-mail to ***@*** with a copy to ***@***.

The Company and Holder agree that the other terms of the warrant[s] remain in full force and effect without amendment.

IN WITNESS WHEREOF, each of the parties has executed this Amendment to Warrant[s] by its duly authorized representative.

HOLDER	Nano Magic Holdings Inc.

By:	By:
		Leandro Vera, Chief Financial Officer