First Amendment to 8% Convertible Debenture between Qrons Inc. and CubeSquare LLC

Contract Categories: Business Finance › Debenture Agreements
Summary

Qrons Inc. and CubeSquare LLC have agreed to amend the terms of a $15,000 8% Convertible Debenture. The amendment changes the maturity date of the debenture to September 27, 2019. All other terms and conditions of the original debenture remain unchanged. The amendment is signed by authorized representatives of both parties.

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EX-10.16 2 e1286_10-16.htm EXHIBIT 10.16

 

Exhibit 10.16

 

FIRST AMENDMENT TO 8% CONVERTIBLE DEBENTURE:

 

This First Amendment to the 8% Convertible Debenture, dated September 27, 2017, made by Qrons Inc. for the benefit of CubeSquare LLC in the amount of $15,000 (the “Debenture”) hereby amends the Debenture as follows:

 

The maturity date of the Debenture is hereby amended to September 27, 2019.

 

Except as amended hereby all of the terms and conditions of the Debenture shall remain in full force and effect.

 

 

Dated this 9th day of September 2018

 

Qrons Inc.

By: /s/Jonah Meer Chief Executive Officer

 

ACKNOWLEDGED AND AGREED:

 

CubeSquare LLC

 

By: /s/Jonah Meer Managing Member