Term Sheet Extension Sample Contracts

Extension of LOI
Term Sheet Extension • November 1st, 2024 • Western Acquisition Ventures Corp. • Services-computer programming services

The Term Sheet effective as of April 25, 2023 and extended as of November 29, 2023 and April 29, 2024, is between Cycurion Inc, a Delaware corporation, (the “Buyer”), with principal offices located at 1640 Boro Place, Fourth Floor, McLean, Virginia 22102 on the one hand, and SLG Innovation, Inc., an Illinois corporation (the “Company”) with principal offices located at 110 North Wacker Drive, Suite 2500, Chicago, Illinois 60606 and the holders of a majority of the outstanding capital stock of the Company (the “Majority Shareholders”) have agreed to extend the termination date of the Binding term sheet to December 31, 2024. The date set forth in Term Sheet of November 30, 2023 is hereby extended to December 31, 2024.

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Universal Biosensors, Inc. ARBN 121 559 993
Term Sheet Extension • May 30th, 2019
Re: Extension of Term Sheet Period
Term Sheet Extension • September 7th, 2017 • Pluristem Therapeutics Inc • Biological products, (no disgnostic substances)

Reference is hereby made to a certain Term Sheet dated December 19, 2016, by and between Pluristem Ltd. and Sosei Corporate Venture Capital Ltd. (the “Term Sheet”).

Extension of LOI
Term Sheet Extension • January 30th, 2024 • Western Acquisition Ventures Corp. • Services-computer programming services

The Term Sheet effective as of April 25, 2023 and extended as of November 29, 2023, is between Cycurion Inc, a Delaware corporation, (the “Buyer”), with principal offices located at 1749 Old Meadow Road, Suite 500, McLean Virginia 22102 on the one hand, and SLG Innovation, Inc., an Illinois corporation (the “Company”) with principal offices located at 110 North Wacker Drive, Suite 2500, Chicago, Illinois 60606 and the holders of a majority of the outstanding capital stock of the Company (the “Majority Shareholders”) have agreed to extend the termination date of the Binding term sheet to April 30, 2024. The date set forth in Term Sheet of November 30, 2023 is hereby extended to April 29, 2024. With the extension, the shareholders of SLG will receive an additional $1MM of Buyer Common Stock. Buyer Common Stock will be granted as Preferred Convertible Stock to be allocated within the first 18 months from the date of the go-public transaction.

Extension of LOI
Term Sheet Extension • May 13th, 2024 • Western Acquisition Ventures Corp. • Services-computer programming services

The Term Sheet effective as of April 25, 2023 and extended as of November 29, 2023, is between Cycurion Inc, a Delaware corporation, (the “Buyer”), with principal offices located at 1640 Boro Place, Fourth Floor, McLean, Virginia 22102 on the one hand, and SLG Innovation, Inc., an Illinois corporation (the “Company”) with principal offices located at 110 North Wacker Drive, Suite 2500, Chicago, Illinois 60606 and the holders of a majority of the outstanding capital stock of the Company (the “Majority Shareholders”) have agreed to extend the termination date of the Binding term sheet to June 30, 2024. The date set forth in Term Sheet of November 30, 2023 is hereby extended to June 30, 2024.

Universal Biosensors, Inc. ARBN 121 559 993
Term Sheet Extension • August 22nd, 2019
Pluristem Ltd.
Term Sheet Extension • May 8th, 2017 • Pluristem Therapeutics Inc • Biological products, (no disgnostic substances)

Reference is hereby made to a certain Term Sheet dated December 19, 2016, by and between Pluristem Ltd. and Sosei Corporate Venture Capital Ltd. (the "Term Sheet").

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