Panbela Therapeutics Inc. Watch

from 10-Q 7 pages Whereas, the Borrower Has Entered Into the Promissory Notes Identified in Schedule 1 to This Waiver, in Order to Obtain Loans to Be Made by Certain Investors (The “Bridge Notes”) Pursuant to Which Investors Have Loaned Funds to the Borrower, the Proceeds of Which Shall Be Used to Fund the Operations of the Borrower’s Business (The “Specified Transactions”); Whereas, Pursuant to Section 7.05 of the Loan Agreement, the Specified Transactions Constitute an Event of Default (The “Specified Transactions Event of Default”); Whereas, the Borrower Has Requested That the Lender Waive the Specified Transactions Event of Default on the Terms and Subject to the Conditions Set Forth Herein; and Whereas, Pursuant to Section 9.01 of the Loan Agreement, Any Waiver on the Part of Lender Under the Loan Agreement Must Be in Writing and Shall Be Effective Only to the Extent Specifically Set Forth in Such Writing. Now, Therefore, in Consideration of the Premises Herein Contained and Other Good and Valuable Consideration, the Receipt and Sufficiency of Which Are Hereby Acknowledged, the Parties, Intending to Be Legally Bound, Agree as Follows: Section 1. Waiver

from 10-Q 6 pages Whereas, the Borrower Has Entered Into That Certain Subordinated Promissory Note Dated August 8, 2024 (The “August Promissory Note”) Pursuant to Which a Director of the Borrower Has Loaned $100,000.00 to the Borrower, the Proceeds of Which Shall Be Used to Fund the Borrower’s Payroll (The “Specified Transaction”), Which Such Specified Transaction Constitutes an Event of Default Under Section 7.05 of the Loan Agreement (The “Specified Transaction Event of Default”); Whereas, the Borrower Has Requested That the Lender Waive the Specified Transaction Event of Default on the Terms and Subject to the Conditions Set Forth Herein; and Whereas, Pursuant to Section 9.01 of the Loan Agreement, Any Waiver on the Part of Lender Under the Loan Agreement Must Be in Writing and Shall Be Effective Only to the Extent Specifically Set Forth in Such Writing. Now, Therefore, in Consideration of the Premises Herein Contained and Other Good and Valuable Consideration, the Receipt and Sufficiency of Which Are Hereby Acknowledged, the Parties, Intending to Be Legally Bound, Agree as Follows: Section 1. Waiver. 1.1 Waiver. Subject to Section 1.2 and Section 2 of This Waiver, the Lender Hereby Waives the Specified Transaction Event of Default

from 8-K 36 pages Loan Agreement

from 10-K 5 pages Third Amendment to Seed Capital Accelerator Loan Agreement and Seed Capital Loan Note

from 10-K 7 pages Seed Capital Loan Note $300,000.00 Date: October 26, 2012

from 10-Q 4 pages Second Amendment to Seed Capital Accelerator Loan Agreement and Seed Capital Loan Note

from 10-Q 3 pages Amendment to Seed Capital Accelerator Loan Agreement and Seed Capital Loan Note