Amendment to $220,000 Convertible Promissory Note between Cool Technologies, Inc. and Lucas Hoppel
This amendment updates the $220,000 convertible promissory note between Cool Technologies, Inc. and Lucas Hoppel. The maturity date is extended to October 1, 2018, and the conversion price is set at $0.025 per share. All other terms of the original note remain unchanged. The amendment is effective as of May 22, 2018, upon signatures from both parties.
EXHIBIT 10.89
AMENDMENT
TO THE $220,000 PROMISSORY NOTE DATED January 26, 2018
The parties agree that $220,000 Promissory Note by and between Cool Technologies, Inc. (“Company”) and Lucas Hoppel (“Holder”) is hereby amended as follows:
Maturity Date: The Maturity Date shall be extended to October 1st, 2018.
Conversion Price: The Conversion Price in section 3(a)(ii) shall permanently be changed to equal $0.025 cents.
ALL OTHER TERMS AND CONDITIONS OF THE $220,000 PROMISSORY NOTE REMAIN IN FULL FORCE AND EFFECT.
Please indicate acceptance and approval of this amendment dated May 22nd, 2018 by signing below:
/s/ Tim Hassett | /s/ Lucas Hoppel | ||
Tim Hassett | Lucas Hoppel | ||
Cool Technologies, Inc. Chief Executive Officer |