AMENDMENT TO NOTE

Pursuant to our conversation we mutually agreed to extend the due date of the note attached from March 15, 2012 to a new due date of September 17, 2012.

 

Not with standing any verbal agreements, all the terms and conditions of the original promissory note shall remain in full force and effect.

 

The "Maker", Intelligent Highway Solutions, Inc., William Devon Jones and Philip Darcy Kirkland shall continue to make interest payments monthly to the "Payee" and S5,000.00 toward the principal balance to O.K. and B., a California general partnership.

WHEREAS, O.K. AND B., a California General Partnership, referred to as Holder, loaned One Hundred Thousand and NO/100 Dollars ($100,000.00) to INTELLIGENT HIGHWAY SOLUTIONS, INC., A Nevada Corporation, WILLIAM DEVON JONES and PHILIP DARCY KIRKLAND, collectively referred to as Maker, as evidenced by the Promissory Note attached as Exhibit "A" ("Note") dated December 15, 2011, and

 

WHEREAS, the Borrower requested that the Maturity Date of the Note be extended; and

 

AND, WHEREAS, the parties desire to amend the Note on the terms and conditions set forth herein.

THEREFORE, in consideration of the covenants and agreements contained herein, the Maker and Holder agree as follows:

 

1.	Defined Terms. Capitalized terms not otherwise defined herein shall have the meanings set forth in the Note.

 

 

 

4.	Counterparts. This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together constitute one and the same instrument.