Amendment to Convertible Promissory Notes between Newtown Lane Marketing, Inc. and Ironbound Partners Fund, LLC

Contract Categories: Business Finance › Modification Agreements
Summary

Newtown Lane Marketing, Inc. and Ironbound Partners Fund, LLC have agreed to extend the maturity date of two convertible promissory notes from August 31, 2015 to August 31, 2016. All other terms of the original notes remain unchanged. This amendment is effective as of September 1, 2015 and is signed by authorized representatives of both parties.

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EX-4.1 2 v425114_ex4-1.htm EXHIBIT 4.1

Exhibit 4.1 

 

November 18, 2015

 

 

The Directors

Newtown Lane Marketing, Incorporated

 

Gentlemen,

 

Reference is made to that certain amended and restated convertible promissory note, dated July 25, 2014, and convertible note, dated July 25, 2014 (collectively, the “Notes”), each made by Newtown Lane Marketing, Incorporated (“Company”) in favor of Ironbound Partners Fund, LLC.

 

The parties hereby agree that, effective as of September 1, 2015, the “Maturity Date” (as defined in the Notes) shall be extended from August 31, 2015 to August 31, 2016.

 

Except as set forth herein, all terms of the Notes shall remain in full force and effect.

 

 

  NEWTOWN LANE MARKETING, INCORPORATED
     
     
  By: /s/ Jonathan J. Ledecky
    Name: Jonathan J. Ledecky
    Title: President

 

 

Accepted and Agreed:

 

 

IRONBOUND PARTNERS FUND, LLC

 

 

By:  /s/ Jonathan J. Ledecky
   Name: Jonathan J. Ledecky
   Title: Managing Member