Amendment to Promissory Note Between Internal Fixation Systems, Inc. and Stephen Dresnick Dated August 31, 2010

Contract Categories: Business Finance › Note Agreements
Summary

Internal Fixation Systems, Inc. and Stephen Dresnick have agreed to amend a $125,000 promissory note originally issued on August 31, 2010. The amendment extends the due date for repayment of the principal and any unpaid interest to September 1, 2011. All other terms of the original note remain unchanged. This amendment was signed by both parties on April 29, 2011.

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EX-4.14 3 fs1a6ex4xiv_internalfix.htm AMENDMENT TO PROMISSORY NOTE fs1a6ex4xiv_internalfix.htm
Exhibit 4.14
 
Amendment to Promissory Note
$125,000 Dated 8/31/2010


Whereas, on August 31, 2010, Internal Fixation Systems issued to Stephen Dresnick of 5901 SW 74th Street, #408 South Miami, FL 33143 a Promissory note in the principal amount of $125,000 (the “Note”); WHEREAS, the parties desire to amend the note to extend the date on which the principal payment is due:

NOW THEREFORE, the parties hereto agree as follows:

Section 1.1 of the Note is amended in its entirety to read as follows: “The FACE VALUE OF THIS promissory Note plus all unpaid interest shall become due and payable on September 1, 2011.”

The remainder of the Note shall remain unchanged.


INTERNAL FIXATION SYSTEMS, INC.    STEPHEN DRESNICK  
       
/s/ Laura Cattabriga    /s/ Stephen Dresnick  
Laura Cattabriga           Date: April 29, 2011  
CFO      
Date:  April 29, 2011