NOTE EXTENSION AGREEMENT
Exhibit 10.1
This Note Extension Agreement (this “Agreement”) is dated as of May __, 2017 between Truli Media Group, Inc., a Delaware corporation (the “Company”), and each of the investors identified on the signature pages hereto (including their respective successors and assigns, each, a “Investor,” and collectively, the “Investors”).
WHEREAS, the Principal Amount outstanding under the Notes was payable in cash on April 8, 2017; and
1. Definitions. All capitalized terms not defined herein shall have the definition contained in the Notes.
2. Extension of Maturity Date. The Principal Amount outstanding plus accrued and unpaid interest under the Notes shall be payable in cash on the earlier of: (i) October 8, 2017 (the “New Maturity Date”) or (ii) the occurrence of an Event of Default.
3. Interest Rate. Each Note will continue to bear interest at the rate of 10% per annum (the “Interest Rate”) until paid in full or converted as provided in such Note.
4. Conversion. The Investor shall have the right to convert the Notes prior to the New Maturity Date.
5. Prepayment. The Company shall not have the right to prepay the Notes.
6. No Other Changes to Notes. All provisions of the Notes not expressly modified or amended by the terms contained herein shall remain in full force and effect.
7. Waiver by Investors. Subject to the terms and conditions of this Agreement, the Investors hereby waive all prior and currently existing Events of Default with respect to the Notes.
8. Counterparts. This Agreement may be executed in counterparts and by facsimile, each of which shall be deemed an original, but all of which, taken together, shall constitute one and the same instrument.
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Company Signature Page
TRULI MEDIA GROUP, INC. | ||
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Investor Signature Page
[PURCHASER] | ||
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