Modification Agreement to Promissory Note between Rennova Health, Inc. and Innovaqor, Inc. dated August 9, 2023
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Summary
Rennova Health, Inc. and Innovaqor, Inc. have agreed to modify the terms of a promissory note originally dated December 31, 2022. The maturity date of the note is extended from June 30, 2023 to December 31, 2023, and an additional 5% interest will be applied to the principal, making the new balance $1,530,116. No default interest will be charged for the period between June 30, 2023 and the date of this agreement.
EX-10.75 2 ex10-75.htm
Exhibit 10.75
Rennova Health, Inc.
400 South Australian Avenue
Suite 800
West Palm Beach, FL 33401
The undersigned parties agree to the following modifications to that Promissory Note, dated December 31, 2022 and attached as Exhibit A.
| ● | The Maturity Date (as defined) shall be changed from June 30, 2023 to December 31, 2023 | |
| ● | Additional interest at a rate of 5% shall be applied to the principal amount of the note. Therefore, the modified note balance shall be $1,530,116. | |
| ● | For the avoidance of doubt, Default Interest (as defined) shall not accrue from June 30, 2023 to the date of this agreement. |
| /s/ Seamus Lagan | /s/ Darrell Peterson | |
| Seamus Lagan | Darrell Peterson | |
| President and CEO | Interim President and CEO | |
| Rennova Health, Inc. | Innovaqor, Inc. | |
| /s/ Seamus Lagan | /s/ Darrell Peterson | |
| Aug 9, 2023 | 8-9-23 | |
| Date | Date |
