UAS Drone (USDR)

[Nealio]

USDR Extends Warrants to purchase 12,500,000 shares @$0.40 for (8) non-U.S, investors, until Nov 11, 2023.

https://www.otcmarkets.com/filing/conv_pdf?id=15722744&guid=Kn6wk6_mgTlPB3h
As previously announced, on May 11, 2021, UAS Drone Corp. (the “Company”) issued warrants (the “Warrants”) to purchase up to 12,500,000 shares
of the Company’s common stock to eight (8) non-U.S. investors (the “Investors”). The Warrants were exercisable immediately, have a term of 18 months and
have an exercise price of $0.40 per share. On April 5, 2022, the Company and the Investors executed an extension agreement (the “Extension”), such that the
term of the Warrants was extended so that they now expire on November 11, 2023.

This is the original agreement, per the 10-K:
On May 11, 2021, the Company entered into Securities Purchase Agreements (the “Securities Purchase Agreements”) with eight (8) non-U.S.
investors, pursuant to which the Company, in a private placement offering (the “Offering”), agreed to issue and sell to the investors an
aggregate of: (i) 12,500,000 shares of the Company’s Common Stock, at a price of $0.40 per share; and (ii) warrants (the “Warrants”) to
purchase 12,500,000 Company’s Common Stock. The Warrants are exercisable immediately and for a term of 18 months and have an exercise
price of $0.40 per share. The aggregate gross proceeds from the Offering were approximately $5,000. The Company recorded $1,070 of
issuance costs - see below.