Extension Agreement to 9% Secured Convertible Note between Third Capital Partners, LLC and JB Oxford Holdings, Inc.

Contract Categories: Business Finance › Modification Agreements
Summary

Third Capital Partners, LLC and JB Oxford Holdings, Inc. have agreed to extend the repayment deadline for a $2,000,000 secured convertible note originally due on December 31, 2000. The new maturity date is December 31, 2001. During this extension, JB Oxford Holdings, Inc. will only make interest payments, with no principal payments required until the new maturity date. All other terms of the original note purchase agreement remain unchanged.

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EX-10.13 6 0006.txt EXTENSION AGREEMENT Exhibit 10.13 EXTENSION AGREEMENT Date: December 13, 2000 To JB Oxford Holdings, Inc.: On behalf of Third Capital Partners, LLC, as the beneficial owner of $2,000,000 principal amount of the 9% Secured Convertible Note, dated June 8, 1998, issued pursuant to the JB Oxford Holdings, Inc. Secured Convertible Note Purchase Agreement, as amended, dated June 8, 1998, 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