Addendum to Convertible Note between Vaparia Corporation and Artemisa Holdings Inc. (July 31, 2016)

Contract Categories: Business Finance Note Agreements
Summary

This addendum extends the maturity date of a $40,000 convertible note originally issued by Vaparia Corporation (formerly OICCO Acquisition IV Inc.) to Artemisa Holdings Inc. The note, which carries a 10% annual interest rate, has had its maturity date extended several times, with the latest extension moving the due date to December 31, 2016. All other terms and conditions of the original note remain unchanged. Both parties have agreed to these extensions as of July 31, 2016.

EX-10.16 3 ex10-16.htm

 

ADDENDUM

 

This is an Addendum to the Convertible Note date July 14, 2014 issued by maker OICCO Acquisition IV INC., now known as VAPARIA CORPORATION, to payee ARTEMISA HOLDINGS INC., in the principal amount of US $40,000 and at the annual interest rate of 10% payable on September 1, 2014 (the “Note”).

 

On September 1,2014 the parties agreed to extend the maturity date of the note from September 1,2014 to December 1, 2014, upon the same terms and conditions set forth in the Note.

 

Then on December 1, 2014 the parties hereby agree to extend the maturity date on the Note to December 31, 2015 with the original principal amount of US $40,000, with all other terms and conditions of the Note remaining in full force and effect.

 

Then, as of the date below, the parties have agreed to extend the maturity date on the Note to July 31, 2016 with the original principal amount of US $40,000, with all other terms and conditions of the Note remaining in full force and effect.

 

Then, as of the date below, the parties have agreed to extend the maturity date on the Note to December 31, 2016 with the original amount of US $40,000, with all other terms and conditions of the Note remaining in full force and effect.

 

Dated: July 31, 2016

 

MAKER:    
VAPARIA CORPORATION  
     
By: /s/ William P Bartkowski  
Name: William P. Bartkowski  
Title: President and COO  
     
PAYEE:    
     
ARTEMISA HOLDINGS, Inc.  
   
By: /s/ Gary Spaniak  
Name: Gary Spaniak