AMENDMENT NO. 1 TO SERIES 2 UNSECURED CONVERTIBLE PROMISSORY NOTESeries 2 Unsecured Convertible Promissory Note • March 17th, 2023 • Arch Therapeutics, Inc. • Surgical & medical instruments & apparatus
This Amendment No. 1 (this “Amendment”), dated as of March 10, 2023, to those certain Series 2 Unsecured Convertible Promissory Notes (as amended, the “Series 2 Notes”), issued by Arch Therapeutics, Inc., a Nevada corporation (the “Company”), to each note holder (collectively, the “Note Holders”) on November 6, 2020, as amended by that certain Subordination Agreement, dated as of July 6, 2022, by and between the Company and each Note Holder (the “Subordination Agreement”), is made by and among the Company and the Requisite Holders (as defined below). Capitalized terms used herein but not otherwise defined shall have the meanings ascribed to them in the Series 2 Notes.
