Amendment to Promissory Note Between OxySure Systems, Inc. and JTR Investments, Ltd. Dated February 20, 2009

Contract Categories: Business Finance › Modification Agreements
Summary

OxySure Systems, Inc. and JTR Investments, Ltd. have agreed to modify the terms of a $250,000 promissory note originally dated March 1, 2008. The amendment changes the maturity date so that the outstanding principal is now due 24 months after the issue date, which is defined as the later of the original issuance date or the date of this amendment. All other terms of the original note remain unchanged.

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EX-10.6.1 32 ex10_6-1.htm AMENDMENT TO "SECOND NOTE" EXTENDED TO JTR INVESTMENTS, LIMITED DATED FEBRUARY 20, 2009. Unassociated Document
 
MODIFICATION OF AGREEMENT


 
WHEREAS, OxySure Systems, Inc. ("OxySure") and JTR Investments, Ltd. ("JTR") (OxySure and JTR jointly, the "Parties") entered into that certain Promissory Note ("Note") dated 3/1/08 in the principal amount of $250,000; and
 
"WHEREAS, The Parties have agreed that it is in their best interests to modify the terms of the Note.
 
NOW, WHEREFORE, FOR GOOD AND VALUABLE CONSIDERATION, THE SUFFICIENCY OF WHICH IS HEREBY ACKNOWLEDGED, THE PARTIES AGREE AS FOLLOWS:

 
Section 1. of the Note shall be amended as follows:

 
Maturity Date. The then outstanding Principal Amount shall become due and payable on the 24 month anniversary of the Issue Date (the "Maturity Date"). "Issue Date" means the later of the date of first issuance of this Note as set forth above or the date of signature hereof.
 
All other provisions of the Note shall remain unchanged.
 
Agreed to and accepted: