Amendment to Promissory Note between American Boarding Company and Narguesse Nourkeyhani

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Summary

American Boarding Company and Narguesse Nourkeyhani have agreed to amend a $12,000 promissory note originally issued on May 22, 2014. This amendment removes the option for any amounts due under the note to be converted into the company's capital stock. All other terms of the original note remain unchanged and in effect.

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EX-10.3 8 ex10_3.htm EXHIBIT 10.3

AMENDMENT TO PROMISSORY NOTE

 

WHEREAS, American Boarding Company, a Delaware corporation, (“Maker”) has issued that certain Promissory Note to Narguesse Nourkeyhani in the principal amount of $12,000 on May 22, 2014 (the “Note”),

NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:

  1. All provisions set forth in the Note providing that any amounts due under the Note are convertible to capital stock of the Maker are hereby deleted. The Note shall not be convertible to common stock, or any other class of capital stock, of the Maker.
  2. All other terms of the Note not specifically modified by this Amendment shall remain in full force and effect.

 

/s/ Narguesse Nourkeyhani

Narguesse Nourkeyhani

American Board Company

 

By: /s/ Reza Noorkayhani

Reza Noorkayhani, President and CEO