Extension Agreement to Senior Secured Convertible Note between Third Capital Partners, LLC and JB Oxford Holdings, Inc.

Summary

Third Capital Partners, LLC and JB Oxford Holdings, Inc. have agreed to extend the repayment period of a $3,418,695.59 senior secured convertible note by one year, moving the maturity date from December 31, 2000, to December 31, 2001. During this extension, JB Oxford Holdings, Inc. is required to make interest payments only, with no principal payments due until the new maturity date. All other terms of the original note purchase agreement remain unchanged.

EX-10.12 5 0005.txt EXTENSION AGREEMENT Exhibit 10.12 EXTENSION AGREEMENT Date: December 13, 2000 To JB Oxford Holdings, Inc.: On behalf of Third Capital Partners, LLC, as the beneficial owner of $3,418,695.59 principal amount of the 9% senior Secured Convertible Note, as amended, dated May 26, 1998, issued pursuant to the JB Oxford Holdings, Inc. Senior Secured Convertible Note Purchase Agreement, dated March 10, 1995, and having a Maturity Date of December 31, 2000, Third Capital Partners, LLC, hereby extends the repayment of said Note for a period of twelve additional months, to December 31, 2001. Until the new Maturity Date of December 31, 2001, JB Oxford Holdings, Inc. is authorized to make interest payments only, and no principal payments shall be due. All other terms of the Senior Secured Convertible Note Purchase Agreement shall remain in effect. DATED this 13th day of December, 2000, THIRD CAPITAL PARTNERS, LLC a Nevada limited liability company By: /s/ Christopher L. Jarratt -------------------------- Christopher L. Jarratt Its: Chief Manager 3773 Howard Hughes Parkway Las Vegas, NV 89109