Fifth Allonge to Senior Secured Convertible Promissory Note between Adamas One Corp. and Target Capital 3 LLC
Adamas One Corp., a Nevada corporation, and Target Capital 3 LLC, an Arizona limited liability company, have agreed to modify their existing Senior Secured Convertible Promissory Note, originally totaling $2,100,000. This amendment, dated July 19, 2022, extends the maturity date of the note to September 1, 2022, at 5:00 p.m. New York City time. All other terms of the original note remain unchanged. The agreement is governed by Arizona law.
Exhibit 10.9(s)
FIFTH ALLONGE TO SENIOR SECURED
CONVERTIBLE PROMISSORY NOTE
This FIFTH 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 July 19, 2022.
The Note has been modified by the Fifth Extension Agreement by and among the Company and the Investor dated July 19, 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 September 01, 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 | |
