Re: Letter Agreement to Convert Portion of Senior Secured NoteLetter Agreement to Convert Portion of Senior Secured Note • August 15th, 2017 • Duos Technologies Group, Inc. • Services-prepackaged software • Florida
You are being sent this letter as GPB Debt Holdings ll, LLC is currently the holder (the "Holder" or "you") of that certain senior secured note in the original princi pal amount of $1,800,000 issued on A pril l, 2016 (attached hereto as Exhibit A, the "Note") by Duos Technologies Group, Inc., a Florida corporation (the "Company"), pursuant to which you are owed (i) remaining principal in the amount of $1,800,000 (the "Principal Payment Obligation"), (ii) accrued interest of $21,105 through July 31, 2017, and (iii) interest payments through April l, 2019 calculated based on the Principal Payment Obligation.
