Amendment No. 1 to Demand Promissory Note between Cachet Financial Solutions, Inc. and Michael J. Hanson
Cachet Financial Solutions, Inc. and Michael J. Hanson have agreed to amend the payment terms of an existing demand promissory note. The amendment changes the due date for repayment of the principal and any owed sums to January 11, 2017. Both parties have signed the letter to confirm their acceptance of this change.
EXHIBIT 10.19
Letter Agreement
March 29, 2016
Mr. Michael J. Hanson
c/o 18671 Lake Drive E.
Southwest Tech Center A
Minneapolis, MN 55317
RE: Amendment #1 to Demand Promissory Note
Dear Mike,
This letter confirms our agreement as follows:
Michael J. Hanson 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 11, 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/ Michael J. Hanson | |||
| Michael J. Hanson |
