Attached files

file filename
EX-31.2 - EXHIBIT 31.2 - PROTALEX INCv450212_ex31-2.htm
10-Q - FORM 10-Q - PROTALEX INCv450212_10q.htm
EX-32.2 - EXHIBIT 32.2 - PROTALEX INCv450212_ex32-2.htm
EX-32.1 - EXHIBIT 32.1 - PROTALEX INCv450212_ex32-1.htm
EX-31.1 - EXHIBIT 31.1 - PROTALEX INCv450212_ex31-1.htm
EX-10.6 - EXHIBIT 10.6 - PROTALEX INCv450212_ex10-6.htm

 

Exhibit 10.5

 

Second Consolidated Note Modification Agreement

 

AGREEMENT by and between Protalex, Inc., a Delaware corporation (the “Company”) and Niobe Ventures, LLC, a Delaware limited liability company (“Niobe”).

 

WHEREAS, Niobe is the holder of a Consolidated, Amended and Restated Promissory Note (the “Outstanding Note”) made by the Company in the principal amount of $9,219,366, dated October 11, 2013, with a Maturity Date (as defined in the Outstanding Note) of September 1, 2016, as amended; and

 

WHEREAS, the parties desire to extend the Maturity Date to September 1, 2017;

 

NOW THEREFORE, the parties hereby agree as follows:

 

1.    The Maturity Date is hereby extended to September 1, 2017.

 

2.    Except as otherwise modified hereby, all other terms and provisions of the Outstanding Note shall remain in full force and effect.

 

IN WITNESS WHEREOF, the parties have duly executed and delivered this Second Consolidated Note Modification Agreement as of the date indicated below.

 

Dated: August 31, 2016

 

  PROTALEX, INC.
     
  By:  /s/ Kirk M. Warshaw
    Kirk M. Warshaw, Chief Financial Officer
     
  NIOBE VENTURES, LLC
     
  By:  /s/ Arnold P. Kling
    Arnold P. Kling, Manager