Q Lotus Holdings, Inc. 500 N Dearborn St.Suite 605, Chicago, IL60654
EX-10.9 9 v228671_ex10-9.htm
Q Lotus Holdings, Inc.
500 N Dearborn St. Suite 605, Chicago, IL 60654
May 20, 2011
Southshore Real Estate Development, LLC
Four Executive Boulevard – Suite 200
Suffern, NY 10901
Attention: Josh Goldstein
Re: 2nd Amendment to Promissory Note
Dear Josh:
In accordance with our discussions, Q Lotus Holdings, Inc. and Southshore Real Estate Development, LLC hereby agree to further 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:
| | 1. | Q Lotus Holdings, Inc. (“Obligor’) hereby promises to pay to the order of Southshore Real Estate Development, LLC (“Payee’) the principal sum of Three Hundred Thousand Dollars ($300,000); and |
| | 2. | The Maturity Date is hereby extended to June 30, 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 20th day of May, 2011.
Southshore Real Estate Development, LLC
| By: | /S/ JOSH GOLDSTEIN | |
| Josh Goldstein | ||
| Its: | General Partner |
