Allonge to Promissory Notes between Spheric Technologies, Inc. and Joseph Hines
Spheric Technologies, Inc. and Joseph Hines have agreed to amend two promissory notes, originally totaling $70,000, so that both are now due and payable in full on December 31, 2009. All other terms of the original notes remain unchanged. This amendment is formalized in an allonge signed by both parties.
Exhibit 10.54
ALLONGE TO
PROMISSORY NOTES
TO JOSEPH HINES
This Allonge (the “Allonge”), dated as of September 30, 2009, is attached to and forms a part of the following Promissory Notes (collectively, the “Notes”), made by SPHERIC TECHNOLOGIES, INC., a Nevada corporation (the “Company”), payable to the order of JOSEPH HINES, an individual residing in the state of Arizona (the “Holder”):
| 1. | Promissory Note dated March 1, 2009, in the original principal amount of $60,000. |
| 2. | Promissory Note dated May 1, 2009, in the original principal amount of $10,000. |
The Notes are hereby amended to provide that they are due and payable in full on December 31, 2009.
In all other respects, the Notes are confirmed, ratified, and approved and, as amended by this Allonge, shall continue in full force and effect.
IN WITNESS WHEREOF, the Company and Holder have caused this Allonge to Promissory Note to be executed and delivered by their respective duly authorized officers as of the date and year first above written.
| SPHERIC TECHNOLOGIES, INC. | ||
| By: | /s/ Michael Kirksey | |
| Michael Kirksey | ||
| Its: | Executive Vice President and COO | |
| JOSEPH HINES |
| /s/ Joseph Hines |
