Amendment No. 6 to Convertible Redeemable Promissory Note between Know Labs, Inc. and J3E2A2Z LP

Contract Categories: Business Finance Note Agreements
Summary

Know Labs, Inc. and J3E2A2Z LP have agreed to amend their existing Convertible Redeemable Promissory Note dated January 31, 2018. This amendment extends the note's maturity date from September 30, 2021, to March 31, 2022, and sets the interest rate at 6%. All other terms of the original note remain unchanged. The amendment is effective as of September 27, 2021.

EX-10.1 2 knwn_ex101.htm AMENDMENT 6 DATED SEPTEMBER 27, 2021 TO CONVERTIBLE REDEEMABLE PROMISSORY NOTE knwn_ex101.htm

 

EXHIBIT 10.1

    

AMENDMENT NO. 6 TO

CONVERTIBLE REDEEMABLE PROMISSORY NOTE

DATED JANUARY 31, 2018

 

This AMENDMENT NO. 6 TO CONVERTIBLE REDEEMABLE PROMISSORY NOTE dated JANUARY 31, 2018 in the principal amount of US$664,233 (this “Amendment”) is made and entered into as of September 27, 2021, by and between J3E2A2Z LP (the “Holder”), and Know Labs, Inc., a Nevada corporation f/k/a Visualant, Incorporated (the “Company”).

 

WHEREAS, the Company is a party to that certain Convertible Redeemable Promissory Note dated January 31, 2018 (the “Debenture”) payable to Holder (capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Debenture);

 

WHEREAS, the Promissory Note currently has a Maturity Date of September 30, 2021; and

 

WHEREAS, the Holder and the Company wish to amend the Promissory Note to extend the Maturity Date and increase the interest rate;

 

Now, therefore, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows.

 

1. Amendment of Maturity Date. The Maturity Date of the Debenture is hereby amended to March 31, 2022.

 

2. Interest Rate. The interest rate is 6%.

 

3. No Other Changes. Except as specifically set forth in this Amendment, the terms of the Debenture remain in full force and effect.

 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written.

 

Company:

 

 

 

 

KNOW LABS, INC.

 

 

 

 

By:

/s/ Phillip A. Bosua

 

Phillip A. Bosua

 

Its:

Chief Executive Officer

 

 

 

 

Holder:

 

 

 

 

 

/s/ Ronald P. Erickson

 

 

Ronald P. Erickson, Manager

 

 

J3E2A2Z LP