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SECOND ADDENDUM TO THE Loan Agreement " Agreement " of

Key Takeaway: NLS Pharmaceutics AG has amended its loan agreement with Ronald Hafner, extending the loan maturity date to December 31, 2024. The other terms of the loan remain unchanged, which may indicate a stable financial relationship between the borrower and lender. The agreement will be governed by Swiss law, with any disputes subject to the jurisdiction of Zurich courts. This extension provides NLS Pharmaceutics AG with additional time to fulfill its financial commitments.

Market Sentiment Analysis

POSITIVE FACTORS

  • The loan agreement extension provides more time for the borrower to manage financial obligations.
  • Maintaining the other terms of the loan agreement could indicate stability and continuity.
  • The governance under Swiss law may provide a secure legal framework for both parties.

Full Press Release Details

NLS Pharmaceutics AG
The Circle 6
8058 Z rich
Switzerland
" Borrower "
and
Ronald Hafner
Weinbergstrasse 72
8703 Erlenbach ZH
Switzerland
" Lender "
and Lender each a "Party"
THEREFORE, the Parties agree as follows:
Maturity Date of the Loan Agreement shall be extended until December 31, 2024. For the avoidance of doubt, the Maturity Date provided
in section 1 (ii) in the amended Loan Agreement pursuant to Annex B shall remain unchanged.
Agreement shall enter into force on the Effective Date.
other terms of the Loan Agreement shall remain unchanged.
Agreement shall in all respects be governed by and construed in accordance with the substantive laws of Switzerland.
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 Zurich 1.
page and annex follows]
WITNESS WHEREOF, the Parties have signed this Agreement on the date first written above:
Borrower: NLS Pharmaceutics AG
Name: Name:
Function: Function:
Lender:
Ronald Hafner

Frequently Asked Questions

What is the new maturity date for the loan agreement?

The maturity date for the loan agreement has been extended to December 31, 2024.

Where is NLS Pharmaceutics AG located?

NLS Pharmaceutics AG is located at The Circle 6, 8058 Zurich, Switzerland.

Which laws govern the loan agreement?

The loan agreement is governed by the substantive laws of Switzerland.

Where are disputes related to the agreement resolved?

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

Are other terms in the loan agreement changing?

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

Last updated: Mar 20, 2024