Amendment to Promissory Note between Domark International, Inc. and Infinite Funding, Inc.

Summary

This agreement amends a previous promissory note between Domark International, Inc. and Infinite Funding, Inc. The amendment extends the loan's due date from December 15, 2011, to April 15, 2012, and adds a $10,000 extension fee to the principal, increasing the total amount owed to $50,000. All other terms of the original note remain unchanged. The amendment is effective as of December 9, 2011, and is signed by both parties and a guarantor.

EX-10.1 2 ex10-1.txt AMENDMENT TO PROMISSORY NOTE Exhibit 10.1 AMENDMENT TO PROMISSORY NOTE This Amendment to Promissory Note (the "Amendment") is made December 9, 2011, by and between Domark International,Inc. (the "Company") and Infinite Funding, Inc.(the "Holder"). WHEREAS, on September 28, 2011, the Company entered into a Promissory Note (the "September 2011 Note"), a copy of which is attached hereto, in the aggregate amount of $40,000; WHEREAS, pursuant to its terms, the September 2011 Note is due on or before December 15, 2011; WHEREAS, as of the date hereof, the Company has not made payments on the Note; WHEREAS, on December 9, 2011, the Company and Holder agreed to amend certain provisions of the Note; NOW THEREFORE, IT IS HEREBY AGREED AS FOLLOWS: 1. EXTENSION OF DUE DATE OF NOTE. The Parties agree that the Due Date of the Note shall be extended to April 15, 2012. 2. EXTENSION FEE. The Parties agree that a fee in the amount of $10,000 will be added to the principal balance yof the loan in consideration for the extension granted herein. 3. PRINCIPAL BALANCE. Upon signing of this Amendment, the aggregate principal balance due under the September 2011 Note shall be $50,000. 4. EFFECTIVE DATE. The effective date of this Agreement shall be December 9, 2011. All other provisions of the Note and of the Amendment remain in force. IN WITNESS WHEREOF, the Company and the Holder hereby execute this Agreement as of the date first written above. DOMARK INTERNATIONAL INC. INFINITE FUNDING, INC. By: /s/ R. Thomas Kidd /s/ Alina Yurovskay -------------------------------- ---------------------------------- R. Thomas Kidd Alina Yurovskay Chairman President GUARANTOR By: /s/ R. Thomas Kidd -------------------------------- R. Thomas Kidd An Induvidual