November 20, 2009
Exhibit 10.45
November 20, 2009
This document is in reference to the Promissory Note dated and signed on October 28, 2C08 between DRS Inc., with the new address of 0000 XX 00xx Xx., Xxxxxx Xxxxxx, XX 00000 (address on note was 16S04 0xx Xxx XX, Xxxxx 000, Xxxx Xxxxx, XX 98041) and Xxxx Xxxxxxxxxx, residing at 0000 X Xxxxxx Xx. Xxxxxxx, XX 00000.
The note was originally set to expire and be paid on November 30, 2009.
It has been mutually agreed upon that said note in the principal amount of $200,000 will have the term expended for period of up to two additional years, with Xx. Xxxxxxxxxx having the right to call the loan with a 30 day notice. All other terms within the note document will remain the same.
The new expiration date of the note therefore will be November 30, 2011, given Xx. Xxxxxxxxxx does not call the note prior to expiration.