Promissory Note Second Extension and Modification by and between the Registrant and Lucy Z, LLC

Contract Categories: Business Finance - Note Agreements
EX-10.10(B) 28 jewl-ex10_10b.htm PROMISSORY NOTE SECOND EXTENSION AND MODIFICATION BY AND BETWEEN THE REGISTRANT AND LUCY Z, LLC
 

 

Exhibit 10.10(b)

 

Promissory Note
Second Extension and Modification

 

Lucy Z, LLC- Original $250,000.00 dated December 22, 2021

 

FOR VALUE RECEIVED, Adamas One Corp. (“Borrower”) herein and Lucy Z, LLC (“Lender”) herein with all addresses, notifications and provisions as contained in the executed Original $250,000.00 Promissory Note dated December 22, 2021, and a first extension until June 30, 2022, hereby agrees to the extension of that instrument by the Lender. The remaining principal balance of $255,000.00, plus interest of $16,667.00 shall be due in full payable in Cash, Check or Wire transfer to Lender on or before September 15, 2022, no later than 5:00 PM PST. The Lender hereby waives any instances of default under the Original Agreement and retains all rights remedies and other options contained in the Original Promissory Note which Borrower acknowledges shall remain in full effect under this Extension and Modification. All default interest is hereby waived.

 

IN WITNESS WHEREOF , Borrower has duly executed this Extension and Modification under seal as of the date first above written.

 

BORROWER:  
   
Adamas One Corp.  
   
By:  /s/ John Grdina  
John Grdina  
Title: CEO  
     
AGREE AND ACCEPTED TO:  
     
/s/ Lucy Z, LLC  
Lucy Z, LLC