Amendment of the Note. Pursuant to Section 11 of the Note:
Amendment of the Note. The Note shall be amended such that the Maturity Date shall be extended to the first anniversary of the Amendment Date.
Amendment of the Note. Effective as of the date hereof, the Note shall be hereby amended as follows:
Amendment of the Note. The Note shall be amended such that the Maturity Date shall be changed to March 21, 2013.
Amendment of the Note. The parties hereto hereby amend the Note so that from and after August 14, 2003 until Maturity, (i) the interest rate shall be 5.00% per annum, (ii) the Conversion Price will decrease by $1.00 from what it was immediately prior to the execution and delivery of this First Amendment and (iii) the Exercise Date shall become August 14, 2004 (collectively, the "Note Amendments"). Concurrently with the execution and delivery of this First Amendment, the Seller is delivering to Buyer, in exchange for the duly executed original Note, a duly executed amended Note in the form of Exhibit A here, which is identical to the original Note in all respects except that it gives effect to the Note Amendments. The parties agree that the amended Note is a replacement of the original Note and evidences the same debt, and is entitled to the same benefits as, the original Note except to the extent otherwise provided by the Note Amendments. The parties also agree that neither this First Amendment nor the amended Note shall affect any rights or obligations under the Note Purchase Agreement or Note with respect to any periods, acts, omissions or circumstances which occurred prior to the date of this First Amendment. From and after the execution and delivery of this First Amendment, all references in the Transaction Documents to the Note shall be deemed to be references to the Note as amended by the Note Amendments.
Amendment of the Note. Lender agrees to the following amendments to the Note.
Amendment of the Note. As a material inducement to Aether to enter into this letter agreement, the parties have agreed to amend the Note as follows:
Amendment of the Note. The Note shall be amended and restated as follows: (a) the Note shall be amended such that the Maturity Date shall be changed to November 1, 2007; (b) the conversion price of the common stock of Rapid shall not be lower than $0.10 and not to exceed $0.25; and (c) Rapid shall have the option to repay in full the principal and accrued interest on the Note at a discount of 20% up to December 1, 2006; thereafter the discount shall decrease to 15% up to March 1, 2007; thereafter the discount shall decrease to 10% up to June 1, 2007; thereafter the discount shall decrease to 0% and be of no further effect.
Amendment of the Note. (a) The Company and the Holder hereby agree Section 1(a) of the Note is deleted in its entirety and replaced with the following: The “Maturity Date” shall be July 31, 2024, as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.
