Exhibit 10.12
EXTENSION AGREEMENT
Date: December 13, 2000
To JB Oxford Holdings, Inc.:
On behalf of Third Capital Partners, LLC, as the beneficial owner of
$3,418,695.59 principal amount of the 9% senior Secured Convertible Note, as
amended, dated May 26, 1998, issued pursuant to the JB Oxford Holdings, Inc.
Senior Secured Convertible Note Purchase Agreement, dated March 10, 1995, and
having a Maturity Date of December 31, 2000, Third Capital Partners, LLC, hereby
extends the repayment of said Note for a period of twelve additional months, to
December 31, 2001. Until the new Maturity Date of December 31, 2001, JB Oxford
Holdings, Inc. is authorized to make interest payments only, and no principal
payments shall be due. All other terms of the Senior Secured Convertible Note
Purchase Agreement shall remain in effect.
DATED this 13th day of December, 2000,
THIRD CAPITAL PARTNERS, LLC
a Nevada limited liability company
By: /s/ Xxxxxxxxxxx X. Xxxxxxx
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Xxxxxxxxxxx X. Xxxxxxx
Its: Chief Manager
0000 Xxxxxx Xxxxxx Xxxxxxx
Xxx Xxxxx, XX 00000
