EXTENSION AGREEMENTExtension Agreement • June 24th, 2024 • Airship AI Holdings, Inc. • Services-prepackaged software • New York
THIS EXTENSION AGREEMENT (this “Agreement”), dated as of June 22, 2024, is entered into by and among Airship AI Holdings, Inc., a Delaware corporation (the “Company”), Airship AI, Inc., a Washington corporation (“Airship AI”), JDL Digital Systems, Inc., a Washington corporation (“JDL”), Zeppelin Worldwide LLC, a Delaware limited liability company (“Zeppelin Delaware”), and Zeppelin Taiwan Ltd. a Taiwan corporation (“Zeppelin Taiwan,” along with the Company, Airship AI, JDL and Zeppelin Delaware, each an “Obligor” and collectively the “Obligors”) and Victor Huang (“Huang”) and Derek Xu (“Xu”, along with Huang each a “Subordinated Party” and collectively the “Subordinated Parties”), and Platinum Capital Partners Inc., a British Virgin Islands company (the “Purchaser”). Each of the foregoing shall be referred to herein as a “Party” and collectively as the “Parties.” Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Note or, if no
