Exhibit 10.1
February 28, 2025
Re: Letter Agreement (“Letter Agreement”)
Dear Noteholder:
Reference is made to the Secured Note Agreement, dated September 3, 2024 (the “Agreement”), by and between Ondas Networks Inc., a Texas corporation (the “Company”) and Charles & Potomac Capital, LLC (“Lender”), pursuant to which Lender extended a line of credit to the Company in the amount of $1,500,000. Capitalized terms used but not defined in this document shall have the respective meanings set forth in the Agreement.
Pursuant to Section 3(a) of the Agreement, the Maturity Date of the Loan is February 28, 2025. The Company is requesting an extension of the Maturity Date of the Loan from February 28, 2025 to July 23, 2025.
If the extension of the Maturity Date to July 23, 2025 is acceptable, please agree and acknowledge this Letter Agreement.
We appreciate your continued support.
Sincerely,
| ONDAS NETWORKS INC. | |
| | |
| By: | /s/ Neil Laird | |
| Name: | Neil Laird | |
| Title: | Interim Chief Financial Officer | |
| | |
| Agreed to and acknowledged by: | |
| | |
| CHARLES & POTOMAC CAPITAL, LLC | |
| | |
| By: | /s/ Joseph Popolo | |
| Name: | Joseph Popolo | |
| Title: | Chief Executive Officer | |
| Date: | February 28, 2025 | |
Ondas Holdings Inc.
One Marina Park Drive, Suite 1410, Boston, MA 022210
+1-888-350-9994 ■ www.ondas.com
