Endorsement to 10% Senior Secured Convertible Note between Precision Optics Corporation, Inc. and Arnold Schumsky (April 29, 2011)

Summary

This document is an amendment to a 10% Senior Secured Convertible Note originally issued by Precision Optics Corporation, Inc. to Arnold Schumsky. The amendment changes the note's maturity date to May 13, 2011. All other terms of the original note remain unchanged and in effect. Both parties have agreed to this change as of April 29, 2011.

EX-10.4 4 a11-11342_1ex10d4.htm EX-10.4

EXHIBIT 10.4

ENDORSEMENT TO 10% SENIOR SECURED CONVERTIBLE NOTE

Precision Optics Corporation, Inc.
New York, New York
April 29, 2011

The 10% Senior Secured Convertible Note dated June 25, 2008 and amended December 11, 2008, June 25, 2010, July 26, 2010, September 15, 2010, October 15, 2010, November 15, 2010, November 30, 2010, December 1, 2010, December 3, 2010, December 17, 2010, January 10, 2011, January 24, 2011, February 7, 2011, February 25, 2011, March 11, 2011, April 1, 2011 and April 15, 2011 (the “Note”) of Precision Optics Corporation, Inc., a Massachusetts corporation (the “Company”), payable to the order of Arnold Schumsky (the “Holder”) in an aggregate principal amount of $50,000 and to which this Endorsement is affixed is hereby amended in the following respects:

1.		The term “Stated Maturity Date” is hereby restated to be “May 13, 2011.”

2.		Except as expressly amended by this Endorsement, the Note remains in full force and effect and the Company hereby reconfirms its obligations thereunder.

IN WITNESS WHEREOF, the Company has caused this Endorsement to be duly executed, and the Holder has caused this Endorsement to be duly accepted, by their respective duly authorized representatives as of the day and year first above written.

	PRECISION OPTICS CORPORATION, INC.

	By	/s/ Joseph N. Forkey

		Name: Joseph N. Forkey
		Title: Chief Executive Officer

Accepted:


/s/ Arnold Schumsky

Arnold Schumsky