Allonge to Convertible Promissory Note between Nightfood Holdings, Inc. and Regal Consulting, LLC (June 7, 2018)
Nightfood Holdings, Inc. and Regal Consulting, LLC have amended their $200,000 convertible promissory note. If Nightfood makes a $100,000 prepayment by June 18, 2018, Regal Consulting loses its right to convert the note into Nightfood’s stock, and no prepayment penalty will apply. The final payment date for the remaining balance is changed to July 6, 2018, also without penalty if paid by then. All other terms of the original note remain unchanged.
Exhibit 10.3
ALLONGE
This Allonge, dated as of June 7, 2018, shall be appended to and made a part of that certain convertible promissory note (the “Note”), issued February 1, 2018 in the amount of $200,000 by Nightfood Holdings, Inc. to Regal Consulting, LLC. Unless otherwise indicated, all capitalized terms shall have the meaning given them in the Note.
| 1. | Conditioned only upon the Borrower making a pre-payment of $100,000 (the “Special Prepayment”) on or before June 18, 2018: (i) the right of the Holder to convert the Note to the Borrower’s common stock is forever removed from the Note and (ii) no prepayment penalty shall be charged with respect to the Special Prepayment; and (iii) the due date of the Note when all remaining interest and principal shall be due is amended to be July 6, 2018 with no prepayment penalty due for payment on or before such date. |
| 2. | Except as amended by this Allonge, the Note shall remain in full force and effect. |
| NightFood Holdings, Inc. | Regal Consulting, LLC | |||
| By: | By: | |||
| Sean Folkson, CEO | Parker Mitchell, Manager | |||
