Amendment to Promissory Note between TEO Foods, Inc. and Sandro Piancone
TEO Foods, Inc. and Sandro Piancone have agreed to amend the terms of a $100,000 promissory note originally issued on July 31, 2018. The amendment changes the interest and maturity date provisions, allowing the holder, Sandro Piancone, to demand full repayment of the principal in one installment on or after January 3, 2019. The amendment is effective as of October 31, 2018.
Exhibit 10.2
Amendment to Promissory Note
TEO Foods, Inc.; a Nevada Corporation (the "Obligor") and Sandro Piancone, an individual (the "Holder"), agree to amend that certain Promissory Note for the principal amount of one hundred thousand dollars ($100,000) with an issue date of July 31, 2018.
The Obligor and the Holder agree that the terms “Interest” and "Maturity Date" shall be amended as follows:
Subject to Section 3 hereof, all outstanding Principal shall be due on demand of the Holder in one (1) installment on or after January 3, 2019 (the "Maturity Date")
IN WITNESS WHEREOF, the Obligor and the Holder Agrees and Accepts the terms of this Amendment to the Promissory Note effective as of the 31st day of October 2018.
OBLIGOR:
TEO Foods, Inc.
By: /s/Jeffrey H. Mackay
Jeffrey H. Mackay
President
HOLDER:
Sandro Piancone
By: /s/Sandro Piancone
Name:
Address:
