MASTER ALLONGE
Exhibit 10.19
This Master Allonge to those certain Convertible Promissory Notes (as hereinafter defined as the “Allonge”) is made and entered into as of the 28th day of April, 2021, by and between the Borrower, Kidpik Corp., a Delaware corporation and the Lenders, (Xxxxx Xxxxxxxxxxx & Xxxxx Xxxxx, co-trustees, u/a/d 02/02/1997, Trust FBO Xxxxx Xxxxx, Xxxxx Xxxxxxxxxxx & Xxxxx Xxxxx, co-trustees, u/a/d 02/02/1997, Trust FBO Xxx Xxxxx, Xxxxx Xxxxxxxxxxx & Xxxxx Xxxxx, co-trustees, u/a/d 02/02/1997, Trust FBO Xxxx Xxxxx, Xxxxx Xxxxxxxxxxx & Xxxxx Xxxxx, co-trustees, u/a/d 02/02/1997, Trust FBO Xxxxx Xxxxx, Xxxxx Xxxxxxxxxxx & Xxxxx Xxxxx, co- trustees, u/a/d 02/02/1997, Trust FBO Xxxxxx Xxxxx, and Xxxx Xxxxx)
WHEREAS, the Borrower executed in favor of the Lenders the following Convertible Promissory Notes:
| Holder | Date | Amount | ||||||
Xxxxx Xxxxxxxxxxx & Xxxxx Xxxxx, co-trustees, u/a/d 0202/1997, Trust FBO Xxxxx Xxxxx | 03/15/21 | $ | 50.000.00 | |||||
Xxxxx Xxxxxxxxxxx & Xxxxx Xxxxx, co-trustees, u/a/d 0202/1997, Trust FBO Xxx Xxxxx | 03/15/21 | $ | 50.000.00 | |||||
Xxxxx Xxxxxxxxxxx & Xxxxx Xxxxx, co-trustees, u/a/d 0202/1997, Trust FBO Xxxxx Xxxxx | 03/15/21 | $ | 50.000.00 | |||||
Xxxxx Xxxxxxxxxxx & Xxxxx Xxxxx, co-trustees, u/a/d 0202/1997, Trust FBO Xxxxxx Xxxxx | 03/15/21 | $ | 50.000.00 | |||||
| Xxxx Xxxxx | 01/21/21 | $ | 100,000.00 | |||||
| 02/24/21 | $ | 500,000.00 | ||||||
| 03/19/21 | $ | 400,000.00 | ||||||
| 03/31/21 | $ | 100,000.00 | ||||||
| Xxxxx Xxxxx | 01/21/21 | $ | 200,000.00 | |||||
| Xxxx Xxxxxxx | 01/04/21 | $ | 500,000.00 | |||||
1
WHEREAS, in order to amend the payment terms under the Convertible Promissory Notes, the parties have agreed to execute this Allonge.
NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the undersigned agree as follows:
| 1. | The Lenders agree to amend the payment terms set forth on the Convertible Promissory Notes by amending the definition of “Maturity Date” to January 15, 2021. | |
| 2. | Except as amended or revised by this Allonge, the terms of the Convertible Promissory Notes remain in full force and effect as of the date hereof. In the event the terms of the Convertible Promissory Notes should conflict with this Allonge, the terms of this Allonge shall control. | |
| 3. | This Allonge shall be governed by and construed in accordance with the laws of the State of New York. | |
| 4. | An E-mail or facsimile copy of this Allonge shall be deemed an original for all purposes. |
2
