Amendment to Revolving Loan and Security Agreement between Vaxstar LLC and Netcapital Inc.
Vaxstar LLC and Netcapital Inc. have agreed to amend their existing Revolving Loan and Security Agreement by extending the maturity date of the loan from April 30, 2022, to April 30, 2023. This amendment ensures that the terms of the original agreement remain in effect, except for the new maturity date. Both parties have signed the amendment, which may be executed in multiple counterparts.
Exhibit 4.1
AMENDMENT TO REVOLVING LOAN AND SECURITY AGREEMENT
This Amendment (the “Amendment”) to the Amended Loan and Security Agreement dated July 25, 2014, as amended subsequent thereto (the "Agreement") is entered into this 28th day of January 2022, by and between Vaxstar LLC, a Delaware limited liability company ("Vaxstar"), and Netcapital Inc. ("Netcapital"), a Utah corporation, with reference to the following:
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READINGS/RECITALS
A. The Agreement, as amended, contains a maturity date of April 30, 2022, and Netcapital and Vaxstar desire to extend the maturity date to a time in the future.
B. Both parties seek to amend the Agreement.
NOW, THEREFORE, in consideration of the foregoing, of the mutual promises hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
Paragraph 9 (k) of the Agreement is amended to read:
“Maturity Date” means April 30, 2023.
COUNTERPARTS: This Amendment may be executed simultaneously in one or more counterparts, each of which when executed and delivered shall be deemed an original, but all of which together shall constitute a single agreement.
IN WITNESS WHEREOF, the parties hereto have entered into this Amendment as of the date written above.
Vaxstar LLC
Signature: /s/ Manuel Teixeira
Manuel Teixeira, Manager
Netcapital Inc.
Signature: /s/ Cecilia Lenk
Cecilia Lenk, CEO
