Promissory Note Combination #2 Extension Agreement between Intellinetics, Inc. and Alpharion Capital Partners, Inc.
Intellinetics, Inc. and Alpharion Capital Partners, Inc. have agreed to extend the due date of a $115,000 promissory note originally due on December 16, 2012. This agreement moves the repayment deadline to January 15, 2013. All other terms of the original promissory note and related agreements remain unchanged.
Exhibit 4.32
PROMISSORY NOTE COMBINATION #2 EXTENSION AGREEMENT
This Promissory Note Combination #2 Extension Agreement, hereinafter referred to as “Combination #2 Extension”, entered into this Sixteenth day of December, 2012, by and among Intellinetics, Inc, hereinafter called “Maker” and Alpharion Capital Partners, hereinafter called “Lender”.
WHEREAS, Maker and Lender have entered into a Promissory Note Combination #2 dated
September 2, 2012 for the amount of ONE HUNDRED FIFTEEN THOUSAND and 00/100
DOLLARS ($115,000), hereinafter referred to as “Note Combination #2”. Said Note Combination
#2 was originally due on a due date of November 16, 2012. On November 16, 2012 the Combination #2 extension agreement was extended for an additional thirty days to December 16, 2012.
WHEREAS, Maker and Lender desire to enter into this Combination #2 Extension Agreement in order to extend the due date of the Note Combination #2 for an additional thirty days to January 15, 2013.
NOW, THEREFORE, it is dually agreed by both Maker and Lender to extend the due date of the Note Combination #2 to January 15, 2013.
All other provisions of the original Note Combination #2, Promissory Note and Subscription agreements shall prevail unless otherwise written.
IN WITNESS WHEREOF, the undersigned Maker and Lender has duly executed this
Combination #2 Extension as of the day and year above first written.
INTELLINETICS, INC. | |
By: /s/William J. Santiago | |
ALPHARION CAPITAL PARTNERS, INC. | |
By: /s/ Rick Hughes |