CV Sciences amends $1.6M secured note, extends maturity to 2027, defers payments

CV Sciences, Inc.

Original $1.6M note issued Feb 2025 with $400K OID; outstanding balance $1.28M after $320K payments.
New maturity date extended to Feb 12, 2027; monthly redemption schedule modified to defer six months.
First 3 months: $106.7K each; next 6 months: $0; subsequent 12 months: $106.7K each plus accrued interest.
Investor receives $150K cash as consideration; agreement contemplates potential additional $450K secured note.
Company paid $10K investor legal fees at origination; amendment includes cash payment of $150K.

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