Amendment to Promissory Note between American Boarding Company and Jenny Su

Contract Categories: Business Finance › Modification Agreements
Summary

American Boarding Company and Jenny Su have agreed to amend a $10,000 promissory note originally issued on December 10, 2014. This amendment removes the option for Jenny Su to convert any amounts due under the note into shares of the company's stock. All other terms of the original note remain unchanged and in effect.

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EX-10.4 9 ex10_4.htm EXHIBIT 10.4

AMENDMENT TO PROMISSORY NOTE

WHEREAS, American Boarding Company, a Delaware corporation, (“Maker”) has issued that certain Promissory Note to Jenny Su in the principal amount of $10,000 on December 10, 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/ Jenny Su

Jenny Su 

American Board Company

 

By: /s/ Reza Noorkayhani

Reza Noorkayhani, President and CEO