Amendment to Promissory Note between Dynacs Inc. and Peter Likins dated April 10, 2000

Summary

Dynacs Inc. and Peter Likins have agreed to amend their original promissory note, which was for $400,000 at 12% interest. This amendment extends the maturity date of the loan to October 10, 2000. All other terms of the original note remain unchanged. Both parties have signed to confirm their agreement to this extension.

EX-10.24 5 0005.txt PROMISSORY NOTE 1 Exhibit 10.24 AMENDMENT TO PROMISSORY NOTE This Amendment to Promissory Note dated April 10, 2000 by and between Dynacs Inc. (formerly known as Dynacs Engineering Co., Inc.) (the "Company") and Peter Likins (the "Payee"). Reference is made to that certain promissory note dated June 10, 1999 by and between the Company and Payee in the principal amount equal to $400,000 bearing interest at the rate of 12.0% (the "Promissory Note"). The parties agree that the maturity date of the Promissory Note shall be extended to October 10, 2000. All other terms and conditions of the Promissory Note shall remain in full force and effect. DYNACS INC. By: /s/ Ramendra P. Singh ------------------------- Ramendra P. Singh President and Chief Executive Officer Accepted and Agreed to: /s/ Peter Likins - ------------------------------ Peter Likins