Extension Agreement to Convertible Promissory Notes between Yale Transaction Finders, Inc. and Noteholders
Yale Transaction Finders, Inc. and its noteholders—Ironbound Partners Fund, LLC, Moyo Partners, LLC, Dakota Group, LLC, and Rise Capital Corp.—have agreed to extend the maturity date of their convertible promissory notes from June 30, 2023, to June 30, 2024. All other terms of the original notes remain unchanged. This agreement simply gives the company an additional year to repay or convert the notes.
Exhibit 10.1
As of June 30, 2023
The Directors
Yale Transaction Finders, Inc.
Gentlemen,
Reference is made to those certain convertible promissory notes, dated May 16, 2022 (collectively, the “Notes”), each made by Yale Transaction Finders, Inc. (“Company”) in favor of Ironbound Partners Fund, LLC, Moyo Partners, LLC, Dakota Group, LLC and Rise Capital Corp.
The parties hereby agree that, effective as of the date hereof, the “Maturity Date” (as defined in the Notes) shall be extended from June 30, 2023 to June 30, 2024.
Except as set forth herein, all terms of the Notes shall remain in full force and effect.
| YALE TRANSACTION FINDERS, INC. | ||
| By: | /s/ Jonathan J. Ledecky | |
| Name: | Jonathan J. Ledecky | |
| Title: | President | |
Accepted and Agreed:
| IRONBOUND PARTNERS FUND, LLC | ||
| By: | /s/ Jonathan J. Ledecky | |
| Name: | Jonathan J. Ledecky | |
| Title: | Managing Member | |
| MOYO PARTNERS, LLC | ||
| By: | /s/Arnold P. Kling | |
| Name: | Arnold P. Kling | |
| Title: | Managing Member | |
| DAKOTA GROUP, LLC | ||
| By: | /s/ Stanley Buchthal | |
| Name: | Stanley Buchthal | |
| Title: | President | |
| RISE CAPITAL CORP. | ||
| By: | /s/ David Barrocas | |
| Name: | David Barrocas | |
| Title: | Authorized Signatory | |
