Third Addendum to Promissory Note between Devon Jones and Innovest, LLC (June 17, 2012)
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Summary
This addendum extends the due date of a promissory note originally dated June 17, 2011, from June 17, 2012, to December 17, 2012. Devon Jones, as the Maker and CEO of Intelligent Highway Solutions, Inc., agrees to continue making monthly interest-only payments to Innovest, LLC, the Payee. All other terms of the original promissory note remain unchanged and in effect.
EX-4.7 4 fs12012a3ex4vii_intelligent.htm PROMISSORY NOTE DATED JUNE 17, 2011 ADDENDUM fs12012a3ex4vii_intelligent.htm
Exhibit 4.7
Third Addendum to Promissory Note Dated June 17, 2011
Pursuant to our conversation we mutually agreed to extend the due date of the note attached from June 17, 2012 to a new due date of December 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 "Devon Jones" shall continue to make interest only payments monthly to the "Payee" Innovest , LLC.
| By: | /s/ Devon Jones | Dated: | 6/17/12 | ||
| Devon Jones, Chief Executive Officer | | ||||
| Intelligent Highway Solutions, Inc. | |
