AMENDMENT TO CONVERTIBLE NOTES
EXHIBIT 10(xxx)
AMENDMENT TO CONVERTIBLE NOTES
1. In June and July
2017 CEL-SCI Corporation (the “Company”) sold
convertible notes, with a maturity date of December 22, 2017, to a
group of private investors. The Parties to this Agreement do hereby
agree that the maturity date of the convertible notes held by the
persons designated as the “Convertible Note Holders” on
the signatures pages to this Agreement is extended to September 21,
2018.
2. In consideration
for the extension of the maturity date of the convertible notes,
the Company will issue to each Convertible Note Holder a warrant
(Series RR) which will entitle the holder to purchase shares of the
Company’s common stock equal in number to 50% the shares
issuable upon the exercise of the warrants issued to the
Convertible Note Holder in June and/or July 2017. The Series RR
warrants may be exercised at any time on or before October 30, 2022
at an exercise price of $1.65 per share.
3. Any shares issued
upon the exercise of the Series RR warrants will be
“restricted securities” as that term is defined by the
Securities and Exchange Commission.
Agreed
to and Accepted:
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CEL-SCI
CORPORATION
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November 2,
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▇▇▇▇▇ ▇▇▇▇▇▇▇, Chief Executive Officer |
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November 2,
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EASTCO PARTNERS, LLC |
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November 2,
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Authorized Officer
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DE ▇▇▇▇▇ TRUST |
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November 2,
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▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇,
Trustee
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KIRCOS FAMILY REVOCABLE INHERITANCE TRUST dated 8/8/13 |
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Trustee
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November 2,
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