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
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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 | ||
