Amendment No. 1 to Demand Promissory Note between Cachet Financial Solutions, Inc. and James L. Davis
Cachet Financial Solutions, Inc. and James L. Davis have agreed to amend the payment terms of a demand promissory note. The amendment changes the due date for repayment of the principal and any amounts owed under the note to January 31, 2017. Both parties have signed the agreement to confirm their acceptance of this change.
EXHIBIT 10.17
Letter Agreement
March 29, 2016
Mr. James Davis
c/o 18671 Lake Drive E.
Southwest Tech Center A
Minneapolis, MN 55317
RE: Amendment #1 to Demand Promissory Note
Dear Jim,
This letter confirms our agreement as follows:
James L. Davis hereby agrees to amend the first sentence of section 3 Payments, to read as follows: “The Principal Amount of this Note and any sums owed hereunder, shall be due and payable at the close of business on January 31, 2017.”
If you are in agreement with the foregoing, please indicate as much by signing in the appropriate space below.
CACHET FINANCIAL SOLUTIONS, INC.
| By: | /s/ Jeffrey C. Mack | ||
| Jeffrey C. Mack, CEO | |||
| AGREED AND ACCEPTED | |||
| /s/ James L. Davis | |||
| James L. Davis |
