SECOND AMENDMENT TO PROMISSORY NOTE

EX-10.2 3 ex10_2.htm EXHIBIT 10.2 ex10_2.htm
Exhibit 10.2
 
SECOND AMENDMENT TO PROMISSORY NOTE


Up to $50,000 April 20, 2014

WHEREAS, Silvergraph International, Inc. a Nevada corporation (“Borrower”), and each of the individuals and entities identified and set forth on the signature page hereof (each a “Holder” and collectively the “Holders”), are parties to that certain Promissory Note dated April 26, 2012, in the original principal amount of up to $50,000, as amended on May 31, 2012 (the “Original Note”);

WHEREAS, the Borrower and the Holders desire to amend the Original Note to extend the Maturity Date thereof.

NOW, THEREFORE, for good and adequate consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

1.           The Maturity Date, as defined in the Original Note, is extended to  December 31, 2015.

2.           As consideration for this Amendment, the outstanding principal balance of each Holder is increased by Ten Dollars ($10.00) effective as of the date hereof.

2.           Other than as set forth herein, the terms and conditions of the Original Note shall remain in full force and effect.

[remainder of page intentionally left blank; signature page to follow]
 
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IN WITNESS WHEREOF, the Borrower has executed this First Amendment to Promissory Note as of the date first written above.

“Borrower”
     
         
Silvergraph International, Inc.,
     
a Nevada corporation      
         
/s/ James Simpson      
By: 
James Simpson      
Its:
President      
         
         
“Holders”
     
       
Matthew Balk
 
Jason Adelman
         
/s/ Matthew Balk   /s/ Jason Adelman
         
     
MKM Opportunity Master Fund, Ltd.
 
Robert J. Neborsky and Sandra S. Neborsky Living Trust
         
/s/ David Skriloff   /s/ Robert J. Neborsky
By:
David Skriloff  
By:
Robert J. Neborsky
Its:
Portfolio Manager  
Its:
Trustee
         
         
Chad Willis
   
         
/s/ Chad Willis      
 
 
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