EX-10.5
from 8-K
2 pages
Ajw Partners, LLC New Millennium Capital Partners II, LLC Ajw Offshore, Ltd. Ajw Qualified Partners, LLC 1044 Northern Boulevard Suite 302 Roslyn, New York 11576 Re: Innofone.com, Inc. (The “Company”) – Amendment of Notes Ladies and Gentlemen: This Letter Sets Forth the Agreement of the Parties Hereto to Amend the Conversion Price of All the Notes Originally Issued by the Company to the Investors Listed in the Signature Pages Hereto (Collectively, the “Investors”)(the “Notes”). by Execution Hereof, for Good and Valuable Consideration the Receipt and Sufficiency of Which Is Hereby Acknowledged, the Parties Hereto Agree That: 1. the Applicable Percentage (As Defined in Each of the Debt Instruments) Shall Be 50.0%. 2. the Notes Are Hereby Amended in Accordance With the Foregoing Provision. All Other Provisions of the Notes, as Amended From Time to Time, Shall Remain in Full Force and Effect. in Addition, as Consideration for Entering Into This Letter Agreement, the Investors Agree to Waive Any and All Penalties That Are Now Due and Owing to the Investors. in Addition, the Investors Agree That the Company Is Not in Default Under the Terms of the Notes
12/34/56
