THIRD AMENDMENT TO SERVICES AGREEMENT
THIRD AMENDMENT TO SERVICES AGREEMENT
This Third Amendment to the Services Agreement, dated December 8, 2019, to the Services Agreement, dated December 14, 2017 between Ariel Scientific Innovations Ltd., a company organized under the
laws of Israel ("Ariel"), and Qrons Inc., a Wyoming corporation (the “Company”). as amended by First Amendment to Services Agreement, dated April 12, 2018 and a Second Amendment to Services Agreement dated Dec. 14, 2018 (collectively, the “Services
Agreement”)
WHEREAS, the Company and Ariel are parties to the Services Agreement; and
WHEREAS, the Company and Ariel desire to amend the Services Agreement to extend the term thereof for an additional twelve months as provided herein.
NOW, THEREFORE, in consideration of the foregoing and the mutual agreements contained herein, the parties hereto agree as follows:
1. Definitions. Capitalized terms used herein but not otherwise defined herein shall have the
meanings ascribed to such terms in the Services Agreement.
2. Amendment.
The Services Agreement shall be hereby amended as follows:
3. Fees. In consideration for the performance of the Services, the Company shall pay Ariel $17,250
within 30 days of the date hereof and an additional $17,250 on or before May 1, 2020.
3. Ratification. Except as specifically amended hereby, all of the terms and conditions of the
Services Agreement shall remain in full force and effect and are hereby ratified and approved.
4. Counterparts. This Third Amendment may be executed in one or more counterparts each of whch when
executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.
IN WITNESS WHEREOF, this Third Amendment has been executed by the parties hereto as of December 8, 2019.
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Ariel Scientific Innovations Ltd.
By: /s/Xxxxx Xxxx
Name: Xxxxx Xxxx
Title: Chief Executive Officer
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By: /s/ Xxxxx Xxxx
Xxxxx Xxxx
Chief Executive Officer
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