Third Amendment to Convertible Unsecured Promissory Note between SemiLEDs Corporation and Trung Tri Doan
This agreement is the third amendment to a convertible unsecured promissory note between SemiLEDs Corporation and Trung Tri Doan. It extends the maturity date of the note to May 30, 2024, confirms the outstanding principal amount as $200,000, and lowers the conversion price per share from $3.00 to $2.046. All other terms of the original note remain unchanged. This amendment is effective as of June 6, 2023, and is considered an integral part of the original note.
Exhibit 10.2
THIRD AMENDMENT TO CONVERTIBLE UNSECURED PROMISSORY NOTE
This Third Amendment to Convertible Unsecured Promissory Note (this “Third Amendment”) is entered into as of June 6, 2023 (“Effective Date”) by and between SemiLEDs Corporation (“Borrower”) and Trung Tri Doan (“Lender”) (Borrower and Lender are hereinafter collectively referred to as “Parties”, and individually a “Party”)
WHEREAS, Borrower and Trung Tri Doan (the “Original Noteholder”) entered into that certain Convertible Unsecured Promissory Note as of December 10, 2019 (the “Original Note”), and amended on May 26, 2021 to (i) document the change of the amount of the Original Note and (ii) extend the Maturity Date of the Original Note, the Maturity Date thereunder being May 30, 2022; and further amended on May 30, 2022 to extend the Maturity Date of the Original Note; the Maturity Date thereunder being May 30, 2023 (the “Amendments”, and together with the Original Note, the “Note”).
NOW, THEREFORE, the Parties desire to extend the Maturity Date of the Note.
The Parties hereto have caused this Third Amendment to be executed and delivered as of the Effective Date.
SemiLEDs Corporation
By: /s/ Christopher Lee
Name: Christopher Lee
Title: Chief Financial Officer
By: /s/ Trung Tri Doan
Name: Trung Tri Doan