SCWorx : Material Agreement Form 8 K

ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

Amendment and Restatement of Outstanding Promissory Note

As previously reported, on April 12, 2024, SCWorx Corp. (the "Registrant") issued a secured promissory note in the face amount of $330,000, in exchange for which it received cash in the amount of $300,000 ("Note"). In addition to the original issue discount of $30,000, the note bears interest at the rate of 5% per annum, is secured by all the Registrant's assets and was due and payable May 10, 2024. On May 10, 2024, the Registrant and the holder of the Note amended and restated the Note to extend the maturity date until May 17, 2024. On May 17, 2024, the Registrant and the holder of the Note amended and restated the Note to further extend the maturity date until May 24, 2024. On May 24, 2024, the Registrant and the holder of the Note amended and restated the Note to further extend the maturity date until May 31, 2024. On May 31, 2024, the Registrant and the holder of the Note amended and restated the Note to further extend the maturity date until June 7, 2024. On June 7, the Registrant and the holder of the Note amended and restated the Note to further extend the maturity date until June 14, 2024. On June 14, the Registrant and the holder of the Note amended and restated the Note to further extend the maturity date until June 21, 2024