ADDENDUM TO EHRLICH DEMAND UNSECURED NOTE KNOWN AS EHRLICH PROMISSORY NOTE C IN THE AMOUNT OF $1,750,000.00 DATED AUGUST 25, 2010
Contract Categories:
Business Finance
- Note Agreements
EX-10.35 4 exh_10-35.htm exh_10-35.htm
Exhibit 10-35
ADDENDUM TO EHRLICH DEMAND UNSECURED NOTE
KNOWN AS EHRLICH PROMISSORY NOTE C
IN THE AMOUNT OF $1,750,000.00
DATED AUGUST 25, 2010
Today April 1, 2011, Cellceutix Corporation (“Cellceutix”) and Leo Ehrlich agree to amend the Ehrlich Promissory Note C as follows:
| 1. | The limit on the note is herewith changed to $2,000,000. |
| 2. | Cellceutix agrees to convert accrued interest of $96,677 through December 31, 2010 into principal. This will result in the Ehrlich Promissory Note having a principal balance of $1,672,264 as of January 1, 2011. |
| 3. | All other terms remain and are not changed. |
_____/s/ Leo Ehrlich
Leo Ehrlich
______/s/Krishna Menon
Krishna Menon
