Amendment to the Note. Subject to the satisfaction of each condition precedent set forth in Section 2, and in reliance on the representations, warranties, covenants and agreements contained in this Agreement, the Note shall be amended effective as of the Amendment Effective Date as follows:
1.1 Section 1 of the Note is hereby amended by amending and restating the definition of “Maturity Date” as follows:
Amendment to the Note. The Note is hereby amended as follows:
(a) The defined term “Maturity Date” is hereby amended and restated in its entirety as follows:
Amendment to the Note. The Note is amended and modified as indicated below, subject to the effectiveness of this Agreement:
Amendment to the Note. The Note is hereby amended as follows:
(a) The principal amount as stated on the first page of the Note underneath the heading “Secured Promissory Note” is hereby amended by (i) deleting the word “$2,000,000.00” and (ii) adding the word “$3,000,000.00” in its place;
(b) The principal amount as stated in the first clause of the Note is hereby amended by (i) deleting the word “$2,000,000.00” and (ii) adding the word “$3,000,000.00” in its place;
(c) The defined term “Loan” is hereby amended by (i) deleting the word “$2,000,000.00” and (ii) adding the word “$3,000,000.00” in its place;
(d) The defined term “Pari Passu Note” is hereby amended and restated in its entirety as follows:
Amendment to the Note. The definition of “Maturity Date” in Section 1.1 of the Note is hereby deleted in its entirety and replaced with the following:
Amendment to the Note. The Note is hereby amended and restated to read in its entirety as set forth in Exhibit A to this First Amendment.
Amendment to the Note. In consideration of the mutual promises herein, the Note shall be amended so that all outstanding principal of this Note ($375,000) and interest that has heretofore accrued or hereafter accrues, on such Note shall become due and payable in a single balloon payment on the 26th day of September 2013, nothwithstanding anything else provided in the Note.
Amendment to the Note. Effective upon the execution of this Agreement by all of the Parties hereto, (a) Section (d) of the Note shall be deemed removed and deleted from the Note; and (b) any breach by Bettworks of any term, condition or obligation set forth in this Agreement shall be deemed an Event of Default under the Note.
Amendment to the Note. The Note is hereby amended and restated in its entirety in the form attached as Annex A hereto.
