MRAI · Marpai, Inc.

Marpai, Inc. amended two existing promissory notes issued to its CEO Damien Lamendola, addressing near-term debt maturities by extending both to September 1, 2026. The first note, with $410,000 principal issued February 13, 2026, and the second with $250,000 principal issued March 9, 2026, both carry 12% per annum interest. This extension provides the company additional liquidity runway, avoiding immediate repayment obligations in April and May 2026. The amendment, dated April 29, 2026, restates only the maturity section while ratifying all other provisions, signaling no changes to interest rates, covenants, or repayment structures. Signed by CFO Steve Johnson for the company, it underscores related-party financing dynamics typical in cash-constrained situations.