AMENDMENT NUMBER 1 TO LOAN AGREEMENT DATED OCTOBER 31, 2007
Exhibit 10.1
AMENDMENT NUMBER 1 TO LOAN AGREEMENT
DATED OCTOBER 31, 2007
This Amendment is entered into this 4th day of December 2007, by and between Xxxxxxxx X. Xxxxxx and CapSource Financial, Inc., a Colorado corporation, (collectively “Parties”).
WHEREAS, the Parties entered into a loan agreement dated October 31, 2007 in the original principal amount of Seven Hundred Fifty Thousand Dollars ($750,000) (“Loan Agreement”);
WHEREAS, the Parties desire to modify the terms of the Loan Agreement;
NOW THEREFOR for good and valuable consideration, the sufficiency of which is acknowledged, the Parties agree as follows:
| 1. | Article 1 of the Loan Agreement the term “Loan Agreement” shall be and is hereby amended to One Million Dollars ($1,000,000). |
| 2. | All other terms and conditions of the Loan Agreement remain unchanged and hereby ratified. |
IN WITNESS WHEREOF, the parties have executed this amendment as of the date first set forth above.
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/s/ Xxxxxxxx X. Xxxxxx |
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Xxxxxxxx X. Xxxxxx |
CapSource Financial, Inc.
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/s/ Xxxxxx X. Xxxxxxxx |
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By Xxxxxx X. Xxxxxxxx |
