Restructuring of Old Notes Clause Samples

Restructuring of Old Notes. ▇▇▇ hereby agrees that, in consideration for the restructuring of the obligation as provided in Section 1.1 and for AP's agreement to extend the repayment of the obligation due by ▇▇▇ under the Old Notes, the indebtedness represented by the Old Notes shall be amended and restated to be an amount payable by ▇▇▇ to AP and represented by a secured promissory note in the principal amount of Five Hundred and Twelve Thousand dollars ($512,000) in substantially the form of Exhibit A hereto (the "New Note").