Amendment No. 2 to Convertible Promissory Note between Rival Technologies Inc. and Epsom Investment Services NV
Rival Technologies Inc. and Epsom Investment Services NV have agreed to extend the due date of a $500,000 Convertible Promissory Note originally dated August 1, 2007. The new maturity date is March 31, 2009. After this date, any remaining principal and interest must be paid by Rival Technologies to Epsom Investment Services upon demand. All other terms of the original note remain unchanged. The amendment is effective as of October 29, 2008.
Exhibit 10.1
Amendment (2) to Convertible Promissory Note
Dated August 1, 2007
The parties agree that the due date of the Convertible Promissory Note of Rival Technologies Inc., dated August 1, 2007 in the principal amount of USD $500,000 and including interest, is hereby extended from July 30, 2007 to March 31, 2009. After March 31, 2009, any principal and interest remaining due and payable shall be paid by the Company to the Noteholder ON DEMAND.
All other terms, conditions and convenants contained therein remain in effect.
This Amendment may be signed in counterpart and delivered by facsimile.
Dated October 29, 2008.
Rival Technologies Inc.
Per: /s/ Douglas B. Thomas
Epsom Investment Services NV
Per: /s/ D. Craven
