Amendment to $220,000 Convertible Promissory Note between Cool Technologies, Inc. and Lucas Hoppel

Contract Categories: Business Finance › Modification Agreements
Summary

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.

Read More Arrow
EX-10.89 14 cool_ex1089.htm AMENDMENT TO $220,000 CONVERTIBLE PROMISSORY NOTE cool_ex1089.htm

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