AMENDED AND RESTATED $1,325,000 LOAN AGREEMENT

This Amended and Restated $1,325,000 Loan Agreement (“Amendment”) is made and entered into this ___ day of April, 2014 by EAU Technologies, Inc., a Delaware corporation (the “Company”) and Peter Ullrich, a resident of Florida (“Holder”).

WHEREAS, Company and Holder executed and delivered that certain $1,325,000 Loan Agreement, dated January 31, 2013, in the original principal amount of $1,325,000 (the “Original Note”);

WHEREAS, the Company and the Holder desire to execute and deliver this Amendment to the Original Note.

NOW, THEREFORE, for and in consideration of the sum of Ten and No/100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Holder do hereby agree as follows:

1.           Section 4(a) of the Original Note is hereby deleted in its entirety and the following is hereby inserted in its place:

Maturity Date.  The Company shall pay the principal amount outstanding hereunder together with accrued and unpaid interest thereon and any other amounts payable to Holder in respect of this Note on the earlier of (i) November 30, 2014, or (ii) the acceleration of the maturity of this Note by Holder pursuant to Section (6)(b)(i), (the earlier of such dates, the “Maturity Date”), unless otherwise converted into Common Stock in accordance with Section 5.

2.           Except as expressly set forth herein, the Original Note shall remain unchanged and unmodified and in full force and effect.

3.           All capitalized terms not otherwise defined in this Amendment shall have the meanings assigned to them in the Original Note.

 

4.           This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument, with the same effect as if the signatures thereto were in the same instrument.

 

 

 

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment under seal on the date first above written.