MODIFICATION OF PROMISSORY NOTE DATED OCTOBER 29, 2007
EXHIBIT
10.17
DATED
OCTOBER 29, 2007
This
Modification of Promissory Note is
made as of October 29, 2007, by and between SEAENA, INC., a Nevada corporation
(“Maker”), and U.C. LASER LTD., a company organized under the
laws of the State of Israel (“Holder”).
Factual
Background
Maker
executed a certain Promissory
Note dated May 3, 2007, payable to Holder (the “Note”). Maker and
Holder desire to amend the Note as set forth herein.
Modification
The
second (2nd) paragraph
of the
Note is amended to read in full as follows:
|
“The
outstanding principal balance of this Note shall be due and payable
in
full on May 3, 2008, or earlier upon sale by Maker of the Seaena
Class B
Stock (as defined in the Agreement and Mutual Release dated May 3,
2007),
or any other equity interest in Maker exceeding twenty-five percent
(25%)
of the voting rights of equity holders in Maker, in one transaction
or a
series of transactions.”
|
Except
as expressly set forth herein,
the Note shall remain in full force and effect.
| "Maker" | "Holder" | |||
| SEAENA, INC., | U.C. LASER LTD., a company organized under | |||
| a Nevada corporation | the laws of the State of Israel | |||
|
By:
/s/
Xxxx
Xxx
|
By:
/s/
Xxxxxxxx
Xxxxxx
|
|||
|
Xxxx Xxx
|
Xxxxxxxx Xxxxxx
|
|||
|
President
|
Chariman of the board
|
