ENDORSEMENT TO 10% SENIOR SECURED CONVERTIBLE NOTE Precision Optics Corporation, Inc. New York, New York November 30, 2010
EXHIBIT 10.3
ENDORSEMENT TO 10% SENIOR SECURED CONVERTIBLE NOTE
Precision Optics Corporation, Inc.
New York, New York
November 30, 2010
The 10% Senior Secured Convertible Note dated June 25, 2008 and amended December 11, 2008, June 25, 2010, July 26, 2010, September 15, 2010 and October 15, 2010, November 15, 2010 (the Note) of Precision Optics Corporation, Inc., a Massachusetts corporation (the Company), payable to the order of Special Situations Fund III, QP, L.P. (the Holder) in an aggregate principal amount of $275,000 and to which the Endorsement is affixed is hereby amended in the following respects:
1. The term Stated Maturity Date is hereby restated to be December 1, 2010.
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. | ||
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| By | /s/ Richard E. Forkey | |
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| Name: Richard E. Forkey | |
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| Title: Chief Executive Officer | |
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Accepted: |
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SPECIAL SITUATIONS FUND III QP, L.P. |
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By: | /s/ Adam Stettner |
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| Name: Adam Stettner |
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| Title: General Partner |
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