On March 31, 2022, Infinite Group, Inc. (‘IGI' or the ‘Company') and Donald W. Reeve (‘Lender'), a director of the company, entered into two note modification agreements (each a ‘Modification' and collectively, the ‘Modifications') with respect to the Promissory Note originally dated December 30, 2020 (‘2020 Note') and the Promissory Note originally dated May 25, 2021 (‘2021 Note'). The 2020 Note, the 2021 Note and the Modifications were each approved by the disinterested members of the Board of Directors. The Modification of the 2020 Note extended the due date of the first balloon payment under the 2020 Note from March 31, 2022 to June 1, 2022.

The Modification of the 2021 Note extended the maturity date of the 2021 Note from March 31, 2022 to June 1, 2022. Except as set forth above, the terms of the 2020 Note and the 2021 Note remain the same. This modification agreement is made as of March 31, 2022 between Infinite Group, Inc., a Delaware corporation with offices at 175 Sully's Trail Suite 202, Pittsford, NY 14534 (‘Borrower') and Donald W. Reeve, an individual residing at 7 Cross Meadow Lane, Pittsford, NY 14534 (‘Lender').

WHEREAS, the Borrower has issued to Lender a promissory note in the principal amount of $328,000 dated December 30, 2020, which note has a principal balance of $328,000.00 at March 31, 2022 (the ‘Reeve Note'); and WHEREAS, the parties desire to modify the terms and conditions of the Reeve Note as follows: NOW, THEREFORE, the parties agree as follows: (1) The Note is modified to provide that the time at which the first balloon payment of 100,000 which was due on the modified date of March 31, 2022 shall be due and payable on June 1, 2022. (2) Except as modified by this Agreement, all of the terms, covenants and conditions of the Notes shall remain the same.