Item 1.02 Termination of a Material Definitive Agreement.

On July 14, 2022, Check Five LLC d/b/a Success TMS ("Success TMS") repaid in full with a one-time cash payment of $10,544,792 all outstanding principal and accrued but unpaid interest under that certain secured promissory note issued to Neuronetics, Inc. (the "Company") on September 29, 2021, as amended, restated or otherwise modified from time to time (the "Note"). The repayment extinguished the Note in its entirety and terminated the subordination agreement entered into by the Company and ZW Partners, LLC.

A description of the material terms of the Note was contained in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on October 5, 2021. The foregoing summary does not purport to be complete and is subject to, and qualified in its entirety by reference to the payoff letter, which is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

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