Re: Third Amended Agreement to Convert Promissory NoteThird Amended Agreement to Convert Promissory Note • November 29th, 2017 • Duos Technologies Group, Inc. • Services-prepackaged software • Florida
Reference is made to that certain (i) Letter Agreement dated on or about June 9, 2017 (the “Initial Letter Agreement”), (ii) Amendment to Letter Agreement dated on or about June 28, 2017 (the “Amended Letter Agreement”), (iii) Amended Letter Agreement dated on or about July 27, 2017 (the “Second Amended Letter Agreement”), pursuant to which you agreed to convert your remaining principal and accrued interest under that certain Promissory Note (the “Note”) issued by Duos Technologies Group, Inc., a Florida corporation (the “Company”) dated January 27, 2016, into restricted shares of common stock of the Company, and to enter into that certain Lock-Up Letter Agreement dated January 19, 2017, prohibiting the sale or other transfer of all securities that you own in the Company as set forth therein (the “Lock Up Letter” and collectively with the Initial Letter Agreement, the Amended Letter Agreement, and the Second Amended Letter Agreement, the “Agreements”). Under the terms and conditions of
