AMENDMENT NUMBER 1 To The Unsecured Convertible Promissory Note By and Between Claimsnet.com Inc. And Thomas Michel
AMENDMENT NUMBER 1
To The Unsecured Convertible Promissory Note
By and Between
Xxxxxxxxx.xxx Inc.
And Xxxxxx Xxxxxx
This Amendment Number 1 is made to that certain Unsecured Convertible Promissory Note (“Note") made and entered into by and between Xxxxxxxxx.xxx Inc. and Xxxxxx Xxxxxx dated January 23, 2007.
The provisions set forth herein shall be deemed to modify and replace those provisions of the Note as specifically set forth. All other provisions of the Note shall remain in full force and effect.
The parties desire to change the Maturity Date to On Demand, with thirty days notice.
The parties desire to change the Annual Interest Rate on Unpaid Principal to one and three quarter percent (1.75%).
AGREED and entered into as of December 1, 2010.
XXXXXXXXX.XXX INC.
a Delaware corporation
By: /s/ Xxx Xxxxxxx
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Xxx Xxxxxxx
Chief Financial Officer
/s/ Xxxxxx Xxxxxx
—
Xxxxxx Xxxxxx