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ADDENDUM TO THE Loan Agreement " Agreement " of

Key Takeaway: NLS Pharmaceutics AG has agreed to extend the maturity date of its loan agreement until June 30, 2025. The other terms outlined in the original agreement will remain unchanged. This addendum signifies a mutual agreement between the borrower and lender, maintaining the existing contractual conditions otherwise.

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Full Press Release Details

NLS Pharmaceutics AG
The Circle 6
8058 Z rich
Switzerland " Borrower "
[__]
[__]
[__]
[__] " Lender "
(Borrower and Lender each a Party
collectively the Parties )
the Parties agree as follows:
The Maturity Date of the Loan Agreement
shall be extended until June 30, 2025. For the avoidance of doubt, the Maturity Date provided in section 4 (ii) in the Loan Agreement
shall remain unchanged.
This Agreement shall enter into force
on the Effective Date.
The other terms of the Loan Agreement
shall remain unchanged.
This Agreement shall in all respects
be governed by and construed in accordance with the substantive laws of Switzerland.
All disputes arising out of or in
connection with this Agreement, including disputes regarding its conclusion, validity, binding effect, amendment, breach, termination
or rescission shall be subject to the exclusive jurisdiction of the ordinary courts of Zurich, canton of Zurich, Switzerland, venue being
[signature page and annex follows]
IN WITNESS WHEREOF, the Parties have signed
this Agreement on the date first written above:
Borrower: NLS Pharmaceutics AG
Name: Name:
Function: Function:
Lender:
[__]

Frequently Asked Questions

What is the new maturity date for the loan agreement?

The new maturity date is extended to June 30, 2025.

Will other loan agreement terms change?

No, all other terms of the loan agreement remain unchanged.

Where will disputes be resolved?

Disputes will be resolved in the ordinary courts of Zurich, Switzerland.

Which laws govern this agreement?

The agreement is governed by the substantive laws of Switzerland.

Last updated: May 22, 2024