SECOND AMENDMENT TO 8% SIXTY-DAY TERM NOTE
EXHIBIT 10.10BE
SECOND AMENDMENT
TO
8% SIXTY-DAY TERM NOTE
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DATED: |
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May 3, 2002 |
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By and Between (Company): |
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Electropure, Inc. |
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(Holder): |
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Xxxxxxx X. Xxxxx, TTEE, Xxxxxxx X. Xxxxx Defined |
The above-described parties to the Agreement hereby agree as follows:
1. That the Maturity Date of the above-referenced Agreement, as amended on June 19, 2002, shall be extended to July 3, 2004, or if such day is not a regular business day, then on the next business day thereafter.
2. That interest shall be accrued at the rate of Eight Percent (8%) per annum on the unpaid principal balance of $150,000 and all interest accrued through October 3, 2003 on such principal balance, in the sum of $17,000.00 from the date hereof until paid.
3. That all other terms and conditions of the Agreement and the June 19, 2002 Amendment to the 8% Sixty-Day Term Note shall remain in full force and effect unless otherwise modified in writing by the parties.
IN WITNESS WHEREOF, the Company has caused this Amendment to be executed on the 3rd day of October, 2003.
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COMPANY: |
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HOLDER: |
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ELECTROPURE, INC. |
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XXXXXXX X. XXXXX,TTEE, XXXXXXX X. XXXXX DEFINED BENEFIT PENSION PLAN UNDER AGREEMENT DATED 12-01-98, FBO: XXXXXXX X. XXXX |
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By |
/S/ XXXXXXXXX XXXXXXXXX |
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By |
/S/ XXXXXXX X. XXXXX |
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Xxxxxxxxx Xxxxxxxxx, Secretary |
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Xxxxxxx X. Xxxxx |
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00000 Xxxxx Xxxxxx Xxxxx |
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000 Xxxxxxxxxx |
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Xxxxxx Xxxxx, XX 00000 |
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Xxx Xxxxxxxxx, XX 00000 |
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