Amendment to $385,000 Convertible Promissory Note between Cool Technologies, Inc. and Lucas Hoppel

Contract Categories: Business Finance › Note Agreements
Summary

This amendment updates the terms of a $385,000 promissory note between Cool Technologies, Inc. and Lucas Hoppel. The maturity date of the note is extended to November 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 the signatures of both parties.

Read More Arrow
EX-10.90 15 cool_ex1090.htm AMENDMENT TO $385,000 CONVERTIBLE PROMISSORY cool_ex1090.htm

EXHIBIT 10.90

 

AMENDMENT

TO THE $385,000 PROMISSORY NOTE DATED February 19, 2018

 

The parties agree that $385,000 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 November 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 $385,000 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