Note Amendment dated April 25, 2025, for Promissory Note issued to James Byrd on March 18, 2024, in the principal amount of $50,000, bearing interest at 9.75% per annum
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EX-10.7 8 ea023965801ex10-7_helio.htm NOTE AMENDMENT DATED APRIL 25, 2025, FOR PROMISSORY NOTE ISSUED TO JAMES BYRD ON MARCH 18, 2024, IN THE PRINCIPAL AMOUNT OF $50,000, BEARING INTEREST AT 9.75% PER ANNUM
Exhibit 10.7
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 June 2024 and futher amended on October 31, 2024, by and between Helio Corporation (“Maker”) and James S. Byrd, individually, and on behalf of the James S. Byrd, SEP-IRA (collectively “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/ James S. Byrd | |
| Greg Delory, CEO | james S. Byrd, individually | ||
| and on behalf of the | |||
| James S. Byrd SEP-IRA | |||
