Amendment to Promissory Note between Q Lotus Holdings, Inc. and Southshore Real Estate Development, LLC (April 25, 2011)
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Summary
Q Lotus Holdings, Inc. and Southshore Real Estate Development, LLC have agreed to extend the maturity date of a $200,000 promissory note originally dated February 23, 2011. The new maturity date is May 9, 2011. Both parties have signed this amendment to confirm their agreement to the revised repayment schedule.
EX-10.8 8 v228671_ex10-8.htm
Q Lotus Holdings, Inc.
500 N Dearborn St. Suite 605, Chicago, IL 60654
April 25, 2011
Southshore Real Estate Development, LLC
Four Executive Boulevard – Suite 200
Suffern, NY 10901
Attention: Josh Goldstein
Re: Amendment to Promissory Note - Maturity Date
Dear Josh:
In accordance with my discussion with Shelly, Q Lotus Holdings, Inc. and Southshore Real Estate Development, LLC hereby agree to amend the Promissory Note dated February 23, 2011 between Q Lotus Holdings, Inc. and Southshore Real Estate Development, LLC in the amount of two hundred thousand dollars ($200,000) such that, notwithstanding anything contained in the Promissory Note to the contrary, the Maturity Date is hereby extended to May 9, 2011.
Please acknowledge your acceptance of the above change by executing this amendment below.
Q Lotus Holdings, Inc.
| By: | /S/ GARY ROSENBERG | |
| Gary Rosenberg | ||
| Its: | CEO |
Understood and Agreed to this 25th day of April, 2011.
Southshore Real Estate Development, LLC
| By: | /S/ JOSH GOLDSTEIN | |
| Josh Goldstein | ||
| Its: |
