Amendment to Promissory Note Between Helio Corporation and Scott Nealey Dated April 25, 2025

Contract Categories: Business Finance › Note Agreements
Summary

Helio Corporation and Scott Nealey have amended their original $150,000 promissory note dated March 12, 2024. The amendment extends the maturity date, requiring Helio Corporation to repay the full principal and accrued interest either when it achieves a listing on the NYSE or Nasdaq, or by June 30, 2025, whichever comes first. All other terms of the original note remain unchanged.

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EX-10.6 7 ea023965801ex10-6_helio.htm NOTE AMENDMENT DATED APRIL 25, 2025, FOR PROMISSORY NOTE ISSUED TO SCOTT NEALEY ON MARCH 12, 2024, AS AMENDED, IN THE PRINCIPAL AMOUNT OF $150,000, BEARING INTEREST AT 9.75% PER ANNUM

Exhibit 10.6

 

Extension to Promissory Note Maturity

 

This is an Amendment to that certain Promissory Note in the amount of One Hundred Fifty Thousand Dollars ($150,000) hereinafter referred to as (the “Note”) dated March 12, 2024 by and between Helio Corporation (“Maker”) and Scott Nealey (“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 dated March 12, 2024 remain in full force and effect.

 

Helio Corporation    
    
By: /s/ Greg Delory  /s/ Scott Nealey
  Greg Delory, CEO  Scott Nealey