Amendment of the convertible Loan AGREEMENT _________________________________________________________ (“Amendment”) of ___________________ between NLSPharmaCEUTICS AG as Borrower and […] as Lender each a “Party”, together the “Parties”
Exhibit 10.24
Execution template
|
_________________________________________________________
Amendment of the convertible Loan AGREEMENT _________________________________________________________
(“Amendment”)
of
___________________
between
NLSPharmaCEUTICS AG as Borrower
and
[…] as Lender
each a “Party”, together the “Parties” |
Amendment of Convertible Loan Agreement Confidential
WHEREAS the Parties entered into a convertible loan agreement dated ____________________ (“Convertible Loan Agreement”).
WHEREAS Section 4 of the Convertible Loan Agreement sets forth that the Borrower may at its own and entire discretion repay the loan with accrued interests, if any, starting December 23 2020 (“Conversion Date Borrower”).
WHEREAS the Parties agree in accordance with Section 10.6 of the Convertible Loan Agreement to amend Section 4 of the Convertible Loan Agreement and to extend the Conversion Date Borrower for a period of six (6) month until June 23 2021.
| 1. | Extension of Conversion Date Borrower |
The Parties hereby agree to extend the Conversion Date Borrower by six (6) month from December 23 2020 to June 23 2021.
| 2. | Remaining Provisions |
Except for the amendments provided herein, all remaining provisions of the Convertible Loan Agreement shall remain unchanged and binding for the Parties.
This Amendment shall form an integral part of the Convertible Loan Agreement.
| 3. | Governing Law and Jurisdiction |
This Amendment shall be governed by and construed in accordance with the substantive laws of Switzerland, without reference to principles of conflict of laws or choice of laws.
All disputes arising out of or in connection with the Amendment, including disputes on its conclusion, binding effect, amendment and termination, shall be resolved by the ordinary courts of Zurich, canton of Zurich, Switzerland, venue being Zurich 1.
[signature page to follow]
| Amendment Convertible Loan Agreement | Confidential | -2- |
IN WITNESS WHEREOF, the Parties acknowledges their understanding and acceptance of the terms of this Agreement and have agreed to sign it on the date first written above
The Borrower
NLS Pharmaceutics AG
| Xxxxxxxxx Xxxxx | Xxxxxx Xxxxxx | |
| Member of the Board | Chairman of the Board |
The Lender
Name:
| Amendment Convertible Loan Agreement | Confidential | -3- |
