asset purchase modification agreementAsset Purchase Modification Agreement • April 18th, 2016 • xG TECHNOLOGY, INC. • Communications equipment, nec • New York
WHEREAS, under the terms of the APA, Borrower issued and delivered to Holder the Initial Payment Note (the “IPN”), dated 29th January 2016, pursuant to which Borrower unconditionally agreed and promised to pay to the order of Holder, in lawful money of the United States of America, the principal sum of ONE MILLION FIVE HUNDRED THOUSAND ($1,500,000) DOLLARS (the “IPN Principal Indebtedness”), together with interest on the outstanding IPN Principal Indebtedness, at the Interest Rate of six (6%) percent per annum, on or before March 31, 2016 (the “IPN Maturity Date”), and
