This Promissory Note Extension Agreement, hereinafter referred to as “Extension Agreement,” entered into this 17TH day of March, 2022, by and between Ainos, Inc., a Texas corporation (“Maker”), and Ainos, Inc., a Cayman Islands corporation, or its successors or assigns (“Holder”).
WHEREAS, Maker and Holder have entered into those certain promissory notes listed and more particularly described in Schedule 1 attached hereto for a total principal amount of Three Million Dollars ($3,000,000), hereinafter referred to as the “Notes”. The Notes are due and payable on the dates indicated in Schedule 1.
WHEREAS, Maker and Holder desire to enter into this Extension Agreement in order to extend the date when all the outstanding principal and accrued and unpaid interest of the Notes are due and payable to on the same date.
NOW, THEREFORE, it is duly agreed by both Maker and Holder to extend the due date of the Notes to February 28, 2023.
All other provisions of the original Note shall prevail unless otherwise written.
IN WITNESS WHEREOF, the undersigned Maker and Holder have duly executed this Extension Agreement, extending the due date of the Notes as of the day and year first written above.
COMPANY:
Ainos, Inc., a Texas corporation
By:
/s/Chun-Hsien Tsai
Chun-Hsien Tsai, CEO
HOLDER:
Ainos, Inc., a Cayman Islands corporation
By:
/s/Chun-Hsien Tsai
Chun-Hsien Tsai, CEO
PROMISSORY NOTE EXTENSION AGREEMENT
Ainos Inc to Ainos KY – March 17 2022
Page 1 of 2
PROMISSORY NOTE EXTENSION AGREEMENT
Schedule 1
No.
Effective Date
Due Date
From Effective
Following
Maturity
Conversion
Rate
Principal Amount as of
12/31/2021
Accrued Interest as of
12/31/21
#12.21
4/27/2021
10/27/2021
1.85%
NA
$ 0.20
15,000
189
#13.21
5/5/2021
11/5/2021
1.85%
NA
$0.20
20,000
243
#14.21
5/25/2021
11/25/2021
1.85%
NA
$ 0.20
30,000
335
#15.21
5/28/2021
11/28/2021
1.85%
NA
$ 0.20
35,000
385
#16.21
6/9/2021
12/9/2021
1.85%
NA
$ 0.20
300,000
3,117
#17.21
6/21/2021
12/21/2021
1.85%
NA
$ 0.20
107,000
1,047
#18.21
7/2/2021
1/2/2022
1.85%
NA
$ 0.20
54,000
498
#19.21
9/1/2021
3/1/2022
1.85%
NA
$ 0.20
120,000
742
#20.21
9/28/2021
3/28/2022
1.85%
NA
$ 0.20
300,000
1,429
#21.21
11/10/2021
5/10/2022
1.85%
NA
$ 0.20
50,000
129
#22.21
11/25/2021
11/25/2022
1.85%
NA
$ 0.20
450,000
798
#23.21
11/29/2021
5/29/2022
1.85%
NA
$ 0.20
300,000
471
#24.21
12/29/2021
6/29/2022
1.85%
NA
$ 0.20
1,219,000
124
TOTALS
3,000,000
9,507
PROMISSORY NOTE EXTENSION AGREEMENT
Ainos Inc to Ainos KY – March 17 2022
Page 2 of 2
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