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Modification to Secured Interest and Promissory Notes Sample Contracts

ALT GROUP AND SPICY PICKLE FRANCHISING, INC. MODIFICATION TO SECURED INTEREST AND PROMISSORY NOTES DATED DECEMBER 8, 2011
Modification to Secured Interest and Promissory Notes • December 9th, 2011 • Spicy Pickle Franchising Inc • Retail-eating places • Colorado

This Agreement (the “Agreement”) is entered into this 8th day of December 2011 by and between ALT, LLC, ALT II, LLC, and ALT III, LLC, all Colorado limited liability companies of common ownership (the “ALT Group”) and Spicy Pickle Franchising, Inc. (the “Company”). This Agreement is intended to modify, amend and otherwise revise the respective secured promissory notes dated March 1, 2008 between the parties, as amended, (the “ALT Notes”) and the ALT Group’s rights and interests in the Security Agreement of February 1, 2011 (the “February Security Agreement”).