Amendments to the Note. The Note shall be deemed to be amended effective, as of the date of filing of the amendment referred to in the preceding paragraph, so as: (a) To extend the Maturity Date from January 1, 2024 to January 1, 2027; (b) To increase the conversion price to $1.50 per share of common stock; and (c) To decrease the Interest Rate to the WSJ Prime Rate on the Amendment Date.
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Samples: Secured Promissory Note (Camber Energy, Inc.), 10% Secured Promissory Note (Camber Energy, Inc.), Secured Promissory Note (Camber Energy, Inc.)
Amendments to the Note. The Note shall be deemed to be amended effective, effective as of the date of filing of the amendment referred to in the preceding paragraph, Amendment Effective Date so as:
(a) To extend the Maturity Date from January 1December 11, 2024 2022 to January 1, 2027;2024; and
(b) To increase the conversion price in the second full paragraph on page 7 from $1.00 to $1.50 1.25 per share of common stock; and
(c) To decrease the Interest Rate to the WSJ Prime Rate on the Amendment DateCommon Stock.
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