Amendment to Promissory Note Between Helio Corporation and M. David Shapiro Dated April 25, 2025
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Summary
Helio Corporation and M. David Shapiro have agreed to amend a $50,000 promissory note originally issued on March 18, 2024. The amendment extends the deadline for full repayment of the principal and accrued interest to the earlier of Helio Corporation achieving a listing on the NYSE or Nasdaq, or June 30, 2025. All other terms of the original note remain unchanged.
EX-10.5 6 ea023965801ex10-5_helio.htm NOTE AMENDMENT DATED APRIL 25, 2025, FOR PROMISSORY NOTE ISSUED TO M. DAVID SHAPIRO ON MARCH 18, 2024, AS AMENDED, IN THE PRINCIPAL AMOUNT OF $50,000, BEARING INTEREST AT 9.75% PER ANNUM
Exhibit 10.5
Extension to Promissory Note Maturity
This is an Amendment to that certain Promissory Note in the amount of Fifty Thousand Dollars ($50,000) hereinafter referred to as (the “Note”) dated March 18, 2024, as amended on October 31, 2024, by and between Helio Corporation (“Maker”) and M. David Shapiro (“Payee”).
1. | The Maker and Payee hereby Amend the Note to provide that the Note, including all principal and accrued interest, will be paid in full by Maker at the earlier of: (i) such time as Maker is able to achieve a listing on a national stock exchange (NYSE or Nasdaq); or (ii) June 30, 2025. |
2. | Other than as specifically amended hereby, all other terms and provisions of the Note as amended on October 31, 2024 remain in full force and effect. |
Helio Corporation | |||
By: | /s/ Greg Delory | /s/ M. David Shapiro | |
Greg Delory, CEO | M. David Shapiro |