Bauman Note Amendment dated October 31, 2020 (Bauman Note Amendment)

Contract Categories: Business Finance - Note Agreements
EX-10.14 15 f2sgrst8k112920ex10_14.htm

AMENDMENT #1 TO THE CONVERTIBLE PROMISSORY NOTE

ISSUED ON SEPTEMBER 14, 2020

 

THIS AMENDMENT #1 TO THE CONVERTIBLE PROMISSORY NOTE ISSUED ON September 14, 2020 (the “Amendment”) is entered into as of October 31, 2020 (the “Effective Date”), by and between Ethema Health Corporation, a Colorado corporation (the “Company”), and Joshua Bauman (the “Holder”) (collectively the “Parties”).

 

BACKGROUND

 

A. The Company and Holder are the parties to that certain convertible promissory

note originally issued by the Company to the Holder on September 14, 2020in the original principal amount of $110,000.00 (the “Note”);

 

B. The Holder has advanced additional funds to the Company in the principal amount of $25,000.00 on or about October 12, 2020.

 

B. The Parties desire to amend the Note as set forth expressly below.

 

NOW THEREFORE, in consideration of the execution and delivery of the Amendment and

other good and valuable consideration, the receipt and sufficiency of which are hereby

acknowledged, the Parties agree as follows:

 

1. The Parties agree that the face amount of the Note will increase from $110,000.00 to $137,500.00 and all other terms of the note will remain the same.

 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first

above written.

 

Ethema Healthcare Corporation   Joshua Bauman  
                 
                                                                   
By: __________________________________                                      __________________________________
Name: Shawn Leon                                                                                 
Title: Chief Executive Officer