Amendment to Promissory Note between Xhibit Interactive LLC and Larry Eiteljorg
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Summary
This amendment extends the maturity date of a $200,000 promissory note originally issued by Xhibit Interactive LLC (formerly Xhibit, LLC) to Larry Eiteljorg. The new due date for repayment, including accrued interest, is now November 30, 2012, instead of September 30, 2012. All other terms of the original promissory note remain unchanged. The amendment is effective as of September 30, 2012, and was agreed upon by both parties on October 25, 2012.
EX-10.10 3 ex10-10.htm ex10-10.htm
Exhibit 10.10
AMENDMENT TO PROMISSORY NOTE
On May 29, 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 Larry Eiteljorg, (“Payee”) in the sum of Two Hundred Thousand Dollars (US$200,000.00) which is due and payable along with accrued interest on September 30, 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 30, 2012.
Maker:
____________________________
Michael Schifsky, its CFO
Payee:
____________________________
Larry Eiteljorg
