MODIFICATION AGREEMENT OF CONVERTIBLE PROMISSORY NOTEModification Agreement of Convertible Promissory Note • August 19th, 2016 • Emmaus Life Sciences, Inc. • Blank checks • California
Contract Type FiledAugust 19th, 2016 Company Industry JurisdictionThis Modification Agreement of Convertible Promissory Note (the “Modification”) is made as of May 1, 2016 by and between EMMAUS LIFE SCIENCES, INC., a Delaware corporation, located at 21250 Hawthorne Blvd., Suite 800, Torrance CA 90503 (hereafter “Borrower” or “Company”) and Yutaka Niihara, M.D., an individual (the “Guarantor”), on the one hand, and HISAKO TERASAKI, as Trustee of the PAUL AND HISAKO TERASAKI TRUST dated February 15, 1985, as amended and restated, as a successor in interest to Paul Terasaki (“Lender”), on the other hand.