Notice of Extended Maturity Date for Convertible Promissory Note between XsunX, Inc. and Lender
XsunX, Inc. and its lender have agreed to extend the maturity date of their Convertible Promissory Note, originally set to mature on May 12, 2018. Under this agreement, the note will now be payable upon demand, but no later than sixty months from the original effective date of May 12, 2017. All other terms of the original note remain unchanged. The agreement is signed by both parties' authorized representatives.
Exhibit 10.11
Notice of Extended Maturity Date
The Convertible Promissory Note between XsunX, Inc. (the “Borrower”) and (the “Lender”), executed and effective on May 12, 2017 (the “Note”) had an initial Maturity Date of May 12, 2018.
The Lender and Borrower hereby agree to extend the Maturity Date, and the Note Amount shall be payable upon demand, but in no event later than sixty (60) months from the Effective Date (the “Extended Maturity Date”).
All other terms and conditions of the Note remain unchanged.
Agreed and Accepted:
XsunX, Inc.
By Date
Chief Executive Officer
Lender
By Date 7/17/18
President
