Amendment to $110,000 Convertible Promissory Note between Cool Technologies, Inc. and Lucas Hoppel

Contract Categories: Business Finance › Note Agreements
Summary

Cool Technologies, Inc. and Lucas Hoppel have agreed to amend their $110,000 promissory note. The maturity date for repayment is extended to February 28, 2019, and the conversion price is set at $0.025 per share. All other terms of the original note remain unchanged. This amendment is effective as of December 3, 2018, with both parties' approval.

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EX-10.94 19 cool_ex1094.htm CONVERTIBLE PROMISSORY NOTE cool_ex1094.htm

EXHIBIT 10.94

 

AMENDMENT

TO THE $110,000 PROMISSORY NOTE DATED May 22, 2018

 

The parties agree that $110,000 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 February 28th, 2019.

 

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 $110,000 PROMISSORY NOTE REMAIN IN FULL FORCE AND EFFECT.

 

Please indicate acceptance and approval of this amendment dated December 3rd, 2018 by signing below:

 

/s/ Tim Hassett

/s/ Lucas Hoppel

Tim Hassett

Lucas Hoppel

Cool Technologies, Inc.

Chief Executive Officer