Amendment to Convertible Promissory Note Between ParkerVision, Inc. and Stephen Hanson Dated July 18, 2019
ParkerVision, Inc. and Stephen Hanson have agreed to amend their existing convertible promissory note, originally dated July 18, 2019, with a principal balance of $100,000. The amendment extends the note's maturity date from July 18, 2024, to December 1, 2024. All other terms and conditions of the original note remain unchanged. This agreement is effective as of June 3, 2024.
Exhibit 10.3
PARKERVISION, INC.
AMENDMENT TO CONVERTIBLE PROMISSORY NOTE
CONVERTIBLE PROMISSORY NOTE AMENDMENT AGREEMENT (the “Amendment”), dated as of June 3, 2024, by and between PARKERVISION, INC., a Florida corporation (the “Company”), and STEPHEN HANSON (the “Holder”).
WHEREAS, Holder is the holder of a convertible promissory note (No. PV 2019-023) dated July 18, 2019 (the “Existing Note”) with a principal balance of $100,000 and a maturity date of July 18, 2024, and
WHEREAS, the Company and Holder wish to modify the note to extend the maturity date.
Capitalized terms used herein and not otherwise defined are defined in the Existing Note.
NOW THEREFORE, the Company and Holder hereby agree as follows:
The MATURITY DATE of the Existing Note is hereby amended to December 1, 2024, effective immediately.
All other terms and conditions of the Existing Note remain unchanged.
IN WITNESS WHEREOF, the Company has caused this Amendment to be executed by its officer thereunto duly authorized as of the date first indicated above.
PARKERVISION, INC.
/s/ Cynthia French
Name: Cynthia French
Title: Chief Financial Officer
ACKNOWLEDGED AND AGREED:
/s/ Stephen Hanson
Stephen Hanson, Holder
