February 16, 2024 Mr. Emil Kaunitz VIA EMAIL Re: Letter Agreement regarding extending your promissory note Dear Emil:
EXHIBIT 10.9
February 16, 2024
▇▇. ▇▇▇▇ ▇▇▇▇▇▇▇
VIA EMAIL
Re: Letter Agreement regarding extending your promissory note
Dear ▇▇▇▇:
This Letter Agreement sets forth our agreement regarding your existing $400,000 promissory note issued in August 2021 and owed by Castellum, Inc. (“Castellum”) and one or more of its affiliates to you (the “Note”). We have agreed as follows:
1. Maturity extension. You have agreed to extend the maturity date of the Note to August 1, 2025 at which point the Note will amortize at $50,000 per month for 8 months. The other terms of the Note are to remain unchanged.
2.Subordination. You have agreed to sign a standard subordination agreement with Live Oak Bank substantially similar to what you previously have executed with them.
Thank you, as always, for your strong support of Castellum.
Sincerely,
/s/ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇▇, CEO
Agreed to:
▇▇▇▇ ▇▇▇▇▇▇▇
/s/▇▇▇▇ ▇▇▇▇▇▇▇ 2/16/24