Promissory Note Amendment Agreement between IIM Global Corporation and Penn Investments Inc.
IIM Global Corporation and Penn Investments Inc. have agreed to extend the repayment due date of a $310,000 promissory note from November 30, 2014, to January 30, 2015. All other terms of the original note remain unchanged. The agreement is governed by Florida law and any disputes will be resolved in Seminole County, Florida.
PROMISSORY NOTE
AMMENDMEMT AGREEMENT
ORIGINAL PROMISSORY NOTE AMOUNT: $310,000.00
ON JULY 16, 2014 THE PARTIES, IIM Global Corporation (hereinafter refer to as the “Borrower”), and Penn Investments Inc (hereafter refer to as the “Lender"), have agreed to extend the repayment due date of the Promissory Note for the Amount of $310,000 (Three Hundred Ten Thousand) Dollars dated and executed on April 30, 2014 from November 30, 2014 to January 30, 2015.
All the other Terms and Conditions of the original Promissory Note remain in full force and in effect.
This Amendment Agreement and the original Promissory Note has been entered into and shall be performed in Seminole County, Florida, and shall be construed in accordance with the laws of Florida and any applicable federal statutes or regulations of the United States. Any claims or disputes concerning this Amendment Agreement and the original Note shall, be adjudicated in Seminole County, Florida.
IN WITNESS WHEREOF, this Agreement was executed as of the date first above written.
IIM Global Corporation
Penn Investments Inc
__/s/ David S. Jones ____________________
___/s/ Douglas Solomon ____________
Signed on behalf of IIM Global Corporation
Signed on behalf of Penn Investments Inc
By David S. Jones, President & CEO.
By Douglas Solomon, President & CEO
