Note Extension and Amendment Agreement between Epoxy Inc. and Noteholder (Convertible Debenture)

Contract Categories: Business Finance › Modification Agreements
Summary

Epoxy Inc. and the Noteholder agree to extend the maturity date of a 10% Convertible Debenture originally due on April 16, 2016, to January 1, 2017. The agreement also amends the conversion terms, allowing the Noteholder to convert the principal and any unpaid, accrued interest into common stock at $0.005 per share, but only on or after the new maturity date. The Noteholder must acknowledge and accept these changes by signing and returning the letter to Epoxy Inc.

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EX-10.15 3 ex1015.htm FORM OF NOTE EXTENSION ex1015.htm
 

July 12, 2016
 

Noteholder



RE: Convertible Debenture dated as of the 27th Day of November, 2012 by and between Epoxy Inc. (the “Company”) and "Noteholder" in the amount of $            , and all addendums thereto.

We write to obtain your acknowledgement of our verbal agreement to extend the term of your 10% Convertible Debenture (the “Convertible Debenture”) which came due and payable on April 16, 2016 a revised date Maturity Date of January 1, 2017 (the “Maturity Date”).  In addition you previously agreed to revise the conversion terms of the Convertible Debenture to allow for conversion of principal and unpaid, accrued interest, into common stock at $0.005 per share upon the Maturity Date and thereafter, and not prior to such date.

Kindly provide your agreement to the foregoing by acknowledging receipt of this letter by signing and returning same to Epoxy Inc. via email to ***@***.

Epoxy Inc.



Dave Gasparine
President and Director

Acknowledged and Agreed to as of the date first written above:

NOTE HOLDER



     
Authorized signatory of Noteholder
  
Name and Title (Please print)