Re: Side Letter Agreement to the 10% Senior Secured Convertible Note, the Registration Rights Agreement and the Purchase Agreement between Precision Optics Corporation, Inc. (the “Company”) and each Holder thereto, all dated June 25, 2008.Precision Optics Corporation Inc • April 6th, 2009 • Electromedical & electrotherapeutic apparatus
This Side Letter Agreement entered into on April 2, 2009, by and between the Company and the Holder signatory to the 10% Senior Secured Convertible Note (the “Holder”), dated June 25, 2008 (the “Note”), will serve to further modify the first paragraph of the Note, as modified by the Side Letter Agreement dated December 11, 2008. Pursuant to this modification, the last sentence in the above-described paragraph shall be removed so that all accrued interest on the Note shall henceforth be paid solely in cash.
