May 1, 2020 Toledo Advisors, LLC Attn: Moshe Mueller
Exhibit 99.1
May 1, 2020
Toledo Advisors, LLC
Attn: Xxxxx Xxxxxxx
Re: Todos Medical Ltd. (the “Company”)
Dear Xxxxx:
This letter agreement hereby confirms that the conversion price of the aggregate principal amount of Notes of the Company of $119,295.70 plus $2,844.82 of accrued interest owned by Toledo Advisors, LLC (“Toledo”) is hereby reduced to $0.02 per share and the Company will issue 6,107,026 of its ordinary shares to Toledo pursuant to an exercise notice (the “Conversion”). Upon Conversion the principal amount of the notes and all accrued interest shall no longer be outstanding and any and all defaults shall be cured.
Todos Medical Ltd. | ||
By: | /s/ Xxxxx Xxxxxx | |
Name: | Xxxxxx Xxxxxx | |
Title: | CFO |
Accepted and Acknowledged by:
Toledo Advisors, LLC
By: | /s/ Xxxxx Xxxxxxx | |
Name: | Xxxxx Xxxxxxx | |
Title: | Managing Member |
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