Extension Agreement to Convertible Promissory Note between Good Energy Conservation, Inc. and Zeus Corp

Summary

This agreement, effective June 28, 2014, is between Good Energy Conservation, Inc. (through eFleets Corporation) and Zeus Corp. It extends the maturity date of a $150,000 Convertible Promissory Note from June 28, 2014, to March 31, 2015. All principal and interest payments are deferred until the new maturity date. All other terms of the original note remain unchanged. The agreement is governed by Texas law, with legal disputes to be resolved in Tarrant County, Texas.

EX-4.11 4 v387118_ex4-11.htm EXHIBIT 4.11

 

Exhibit 4.11

 

eFleets Corporation

7660 Pebble Drive

Fort Worth, Texas 76118

 

August 15, 2014

 

Zeus Corp

 

Gentlemen:

 

Reference is made to the Convertible Promissory Note (“Note”) of Good Energy Conservation, Inc.(the “Company”) dated June 28, 2013 in the original amount of $150,000 which has been issued to Zeus Corp (“Holder”):

 

For good and valuable consideration the receipt of which is hereby received, the Company and the Holder hereby agree that the maturity date of the Note shall be extended from June 28, 2014 to March 31, 2015 and notwithstanding anything to the contrary in the respective Notes all interest and principal due on the Notes shall be deferred and payable on the new maturity date of the Note. This agreement is effective on and as of June 28, 2014.

 

Except as set forth herein, all other terms set forth in the Notes shall remain unchanged. This extension agreement shall be governed by the laws of the State of Texas, excluding its conflict of laws rules. The exclusive jurisdiction and venue of the any legal action instituted by any party to this extension shall be the Circuit Court of Tarrant County, Texas.

 

  Very truly yours,  
     
  eFLEETS Corporation.  
       
       
  By:    
    James R. Emmons  
    President  

 

Agreed and Accepted  
     
Zeus Corp  
   
     
By:    
  Name:  
  Title: