Loan Amendment Agreement between Full Spectrum Inc. and Lender (February 11, 2016)

Summary

This agreement amends the terms of a $50,000 loan (plus $6,500 interest through December 31, 2015) owed by Full Spectrum Inc. to the lender. All outstanding principal and interest, including new interest accruing at 10% per year from January 1, 2016, will be due by April 1, 2017. The company may repay early without penalty. The lender waives any penalties or defaults as of the agreement date. All other original loan terms remain unchanged.

EX-10.8 10 s115228_ex10-8.htm EXHIBIT 10.8

Exhibit 10.8

Loan Amendment

This agreement made as of this 11^th day of February 2016 by and between _______________ and ________________________ ("_________") and Full Spectrum Inc. (the “Company”).

Whereas the Company is indebted to __________________________ in the principal amount of $50,000 and interest of $6,500 through December 31, 2015 (“Loan”); and

Whereas the Parties wish to amend certain terms respecting the Loan as stated below:

It is hereby agreed:

All principal and interest outstanding under the Loan along with any additional interest accrued from January 1^st, 2016 forward shall be due and owing on April 1, 2017. Additional interest on the principal amount starting January 1^st, 2016 shall accrue at the rate of 10% per annum. The Company, at its election, may pay the outstanding principal and interest prior to April 1, 2017 without penalty with the interest accrued to that date.

______________ waives any penalties or defaults existing as of this date.

All other terms of the Loan shall continue.

		Full Spectrum Inc.