Notice of Extended Maturity Date for Convertible Promissory Note between XsunX, Inc. and Lender

Contract Categories: Business Finance Note Agreements
Summary

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.

EX-10.11 2 ex_131844.htm EXHIBIT 10.11 ex_131844.htm

 

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