Waiver Agreement between Surge Partners, Ltd. and Enterologics, Inc. regarding January 7, 2011 Promissory Note

Contract Categories: Business Finance › Waiver Agreements
Summary

This agreement is a waiver by Surge Partners, Ltd. of the second sentence of Section 1.02.1 in a $20,000 promissory note issued by Enterologics, Inc. on January 7, 2011. All other terms of the original note remain unchanged and in effect. The waiver is limited and does not alter or amend any other provisions of the note.

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EX-10.7 4 f8k010711ex10vii_enterologic.htm WAIVER f8k010711ex10vii_enterologic.htm
Exhibit 10.7
 
WAIVER
 
Reference is made to that certain promissory note, dated January 7, 2011, issued by Enterologics, Inc., a Nevada corporation (the “Company”), to Surge Partners, Ltd., a Delaware corporation, in the principal amount of $20,000.00 (the “Note”).
 
The undersigned hereby waives the second sentence of Section 1.02.1 of the Note.
 
This waiver shall not be deemed to be a waiver, amendment or modification of any other provisions of the Note which shall remain in full force and effect.
 
 
  Surge Partners, Ltd.      
           
  By: /s/Irv Bader Date:  1-17-2011  
    Irv Bader