AMENDMENT TO PROMISSORY NOTE Dated as of September 21, 2007
AMENDMENT
TO
Dated
as
of September 21, 2007
This
AMENDMENT TO THE PROMISSORY NOTE (this “Amendment”)
amends
the Promissory Note dated as of August 30, 2006 by and between Xxxxxxxx.xxx,
Incorporated, a Nevada corporation (the “Company”)
and
Xxx Xxxxxxx (the “Holder”)
(the
“Note”).
Capitalized terms not otherwise defined in this Amendment have the meanings
ascribed to such terms in the Note.
WHEREAS,
the Company and the Holder desire to amend the Note;
NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency
of
which are hereby acknowledged, the Note is hereby amended and modified as
follows:
1. Amendment
to Maturity Date Section.
Maturity Date shall be amended to be September 1, 2008.
2. Amendment
to Interest Section.
Interest shall be amended to equal 16% per annum, compounded annually and
payable on the Maturity Date.
3. Amendment
to Repayment Section.
Subsection (a) of the Repayment section shall be amended to state that all
Principal and accrued and unpaid Interest shall be due and payable in one
balloon payment on the Maturity Date.
4. No
Other Amendments.
Except
as specifically amended by this Amendment, all provisions of the Note shall
remain in full force and effect.
5. Issuance
of Stock.
As
consideration for the amendment of the terms of the Note as set forth herein,
the Company agrees to issue to the Holder 100,000 shares of common stock, par
value $.001 per share, of the Company.
6. Counterparts;
Facsimile Signatures.
This
Amendment may be executed in two or more counterparts and by facsimile, each
of
which will be deemed an original, but all of which together will constitute
one
and the same instrument.
[Signature
page to follow]
IN
WITNESS WHEREOF, the parties have caused this Amendment to be duly executed
as
of the date first above written.
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XXXXXXXX.XXX,
INCORPORATED
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| By: | ||
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Xxxx
Xxxxxxxx,
CEO
&
President
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HOLDER
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Xxxxxx
Xxxxxxx
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