Amendments to the Promissory Notes. Each of the Promissory Notes shall be amended as follows:
Amendments to the Promissory Notes. Effective upon satisfaction of the conditions set forth in Section 3 hereof, each Promissory Note is hereby amended as follows:
Amendments to the Promissory Notes. Effective immediately upon the Company depositing $700,000.00 into the Company’s bank account at Amegy Bank N.A. (the “Bank”) that is subject to the Deposit Account Control Agreement (the “DACA Account”) entered into by and between the Company and Centurion and referenced in Section 4.3(c) of the Note Purchase Agreement as detailed in Section 3 below, the last sentence of the second paragraph of each Promissory Note shall be amended and restated to read in its entirety as follows: “The outstanding principal balance of this Note shall be due and payable on the earlier of (i) November 30, 2012, or (ii) the date all obligations and indebtedness hereunder are accelerated in accordance with Section 2.2 hereof (the “Maturity Date”).”
