Exhibit 10.1

 

FIRST AMENDMENT TO PROMISSORY NOTE

 

This First Amendment to Promissory Note (the “First Amendment”) is made as of
        , 2019 (the “First Amendment Effective Date”), by and between JAGUAR
HEALTH, INC., a Delaware corporation (“Borrower”), and [·] (“Holder”).

 

RECITALS

 

A.                                    Holder and Borrower entered into that
certain Promissory Note dated as of           , 2019 (the “Note”), pursuant to
which Holder agreed to lend, and Borrower agreed to borrow, a loan of total
principal amount US$[·].00.

 

B.                                    Borrower and Holder desire to enter into
this First Amendment to amend the Maturity Date of the Note in accordance with
Section 3.3 of the Note.

 

C.                                    Capitalized terms used, but not defined,
in this First Amendment shall have the meaning set forth in the Note.

 

In consideration of the mutual covenants, representations, warranties and
agreements contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Borrower and Holder
agree as follows:

 

AMENDMENT

 

1.              The Note is hereby amended to replace “July 18, 2019” with
“July 31, 2019” in the definition of “Maturity Date”.

 

GENERAL PROVISIONS

 

2.              No Other Changes to the Note.   Except as expressly amended
hereby, the Note is in all respects ratified and confirmed and all the terms,
conditions, and provisions thereof shall remain in full force and effect as of
the date hereof.

 

3.              Conflicts with the Loan Agreement. In the event of any conflict
between this First Amendment and the Note, the provisions of this First
Amendment shall prevail.

 

4.              Counterparts. This First Amendment may be executed in multiple
originals, each of which is deemed to be an original, and may be signed in
counterparts.

 

[SIGNATURES ON FOLLOWING PAGE]

 

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IN WITNESS WHEREOF, Holder and the Borrower have caused this First Amendment to
be executed as of the First Amendment Effective Date.

 

Borrower: JAGUAR HEALTH, INC.

 

 

 

 

 

By:

 

 

 

 

Lisa A. Conte

 

 

 

President & CEO

 

 

 

 

 

Holder: [·]

 

 

 

 

 

By:

 

 

 

Name:

[·]

 

 

Title:

[·]

 

 

 

[FIRST AMENDMENT TO PROMISSORY NOTE]

 

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