Amendment to Revolving Loan and Security Agreement dated April 30, 2021 between Netcapital Inc. and Vaxstar LLC

Exhibit 10.8

AMENDMENT TO REVOLVING LOAN AND SECURITY AGREEMENT

This Amendment (the “Amendment”) to the Revolving Loan and Security Agreement dated April 28, 2011, as amended on July 26, 2014 and October 31, 2017 (the “Agreement”) is entered into this 31st day of January 2021, by and between Vaxstar LLC, a Delaware limited liability company (“Vaxstar”), and Netcapital Inc. (“Netcapital”), a Utah corporation, with reference to the following:

READINGS/RECITALS

A.      The Agreement, as amended, contains a maturity date of April 30, 2021, 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, 2022.

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:
	Manuek Teixeira, Manager
ValueSetters, Inc
Signature:
	Cecilia Lenk, CEO