Extension agreement of four convertible notes payable due to a related party with a net principal balance of $290,273 dated April 4, 2018 with new due date of December 31, 2018
EXHIBIT 10.1
To:
Edward A. Cespedes, CEO, Paymeon, Inc.
From:
Vincent L. Celentano and affiliates
Mary Celentano and affiliates
William Celentano and affiliates
Date:
April 4, 2018
Subject:
Note Extensions
Please use this letter as your authorization to extend any and all debt currently outstanding and due us or our affiliates to December 31, 2018. This applies to any Notes that may have already passed their due dates, as well as Notes that have not yet come due.
In conjunction with the extensions, we waive any and all penalties (if any). We have not received any additional consideration in exchange for the extensions. All Notes should be extended with exactly the same terms and conditions.
Please let us know if you require anything further. Thank you.
Sincerely,
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Vincent L. Celentano |
| Mary Celentano |
| William Celentano |