Second Allonge to Convertible Note between H/Cell Energy Corporation and Holder (January 2020)

Contract Categories: Business Finance › Note Agreements
Summary

H/Cell Energy Corporation and the holder of a convertible note originally dated January 2, 2018, have agreed to extend the note's maturity date from January 2, 2020, to February 8, 2021. This amendment is effective as of January 2, 2020. The holder also waives any defaults or penalties that may have occurred before this amendment. The agreement is signed by H/Cell Energy Corporation's Chief Financial Officer and accepted by the holder.

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EX-10.1 2 ex10-1.htm

 

Exhibit 10.1

 

SECOND ALLONGE TO CONVERTIBLE NOTE DATED JANUARY 2, 2018

 

Reference is hereby made to the Convertible Note dated January 2, 2018 (the “Note”) issued by H/Cell Energy Corporation, a Nevada corporation (the “Company”) to ______________ (the “Holder”). Terms used herein and not otherwise defined herein shall have the meaning set forth in the Note.

 

The Company and the Holder agree to amend the terms of the Note in accordance with the following terms:

 

1.All references in the Note to the Maturity Date shall be changed from January 2, 2020 to February 8, 2021.
   
2.This second allonge shall be effective as of January 2, 2020, and the Holder waives any defaults (and any penalties, fees or consequences) that may have occurred prior to the date of this second allonge.

 

Dated: January 3, 2020.

 

  H/CELL ENERGY CORPORATION
     
  By:  
  Name: Matthew Hidalgo           
  Title: Chief Financial Officer

 

ACCEPTED AND AGREED:  
   
 
   
 
   
Dated: January 3, 2020