Amendment to Promissory Note between Xhibit Interactive LLC and Paul Hrissikopoulos
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Summary
This amendment extends the repayment deadline for a $500,000 promissory note originally issued by Xhibit Interactive LLC to Paul Hrissikopoulos. The new maturity date is November 30, 2012, instead of the original September 27, 2012. All other terms of the original promissory note remain unchanged. The amendment is effective as of September 27, 2012, and is agreed upon by both parties.
EX-10.9 2 ex10-9.htm ex10-9.htm
Exhibit 10.9
AMENDMENT TO PROMISSORY NOTE
On March 27, 2012 Xhibit, LLC, a Nevada limited liability company now operating under the name of Xhibit Interactive LLC, a Nevada limited liability company, (“Maker”) issued that certain Promissory Note (“Promissory Note”) to Paul Hrissikopoulos, (“Payee”) in the sum of Five Hundred Thousand Dollars (US$500,000.00) which is due and payable along with accrued interest on September 27, 2012.
For good and valuable consideration paid by Maker and received by Payee, both parties agree to extend the maturity date of the Promissory Note to November 30, 2012. All other terms and conditions of the Promissory Note shall remain the same.
Agreed and accepted as of this 25th day of October 2012 and effective as of September 27, 2012.
Maker:
____________________________
Michael Schifsky, its CFO
Payee:
____________________________
Paul Hrissikopoulos
