Fourth Allonge to Senior Secured Convertible Promissory Note between Adamas One Corp. and Target Capital 3 LLC
This agreement is an amendment to a previous loan agreement between Adamas One Corp. and Target Capital 3 LLC. It extends the maturity date of a $2,100,000 senior secured convertible promissory note to July 16, 2022. No other terms of the original note are changed. The amendment is governed by Arizona law and is intended to be a permanent part of the original note.
Exhibit 10.9(r)
FOURTH ALLONGE TO SENIOR SECURED
CONVERTIBLE PROMISSORY NOTE
This FOURTH ALLONGE to those certain Senior Secured Convertible Promissory Notes signed on June 1, 2021 and on June 3, 2021, in the total principal amount of Two Million One Hundred Thousand Dollars and Zero Cents ($2,100,000.00) (“Note”) from ADAMAS ONE CORP., a Nevada corporation (“Company”) to Target Capital 3 LLC, an Arizona limited liability company (“Investor”), is dated as of June 17, 2022.
The Note has been modified by the Fourth Extension Agreement by and among the Company and the Investor dated June 17, 2022.
The only change of the terms of the Note are that the Maturity Date of the Note shall be to 5:00 p.m. New York City, New York, Time on July 16, 2022.
This Allonge shall be governed by the internal laws of the State of Arizona without reference to principles of conflicts of laws.
This Allonge is intended to be attached to and made a permanent part of the Note.
IN WITNESS WHEREOF, this Allonge has been executed under seal by a duly authorized representative of the Company.
| COMPANY: | ||
| ADAMAS ONE CORP., a Nevada corporation | ||
| By: | /s/ John Grdina | |
| Name: | John Grdina | |
| Title: | Chief Executive Officer | |
