EX-10.56
from 10-K
1 page
1. the Due Date on the Note Is Extended for a Period of Three Months and the Entire Balance Shall Be Due and Payable in Accordance With the Terms of the Said Note on or Before June 30, 2009, Unless There Is a Default That Entitles the Lender to Be Paid Earlier. 2. the Borrower Agrees to Pay a Fee of $5,000 for This Extension Upon the Signing Hereof. 3. Interest Shall Be Paid Monthly on the 1st of Each Month Commencing May 1, 2009. 4. Borrower Agrees That It Is Not Entitled to Any Further Disbursements Under the Loan Agreement and That Lender and Walker Have in All Respects Fully Complied With Their Respective Obligations Under the Terms of the Loan Agreement and Note. 5. in the Event Borrower Receives Any Equity Financing, Including the Issue of Preferred Stock in Any Form, the Entire Outstanding Principal and Interest Shall Become Immediately Due and Payable. 6. in All Respects the Terms and Conditions and Other Provisions of the Loan Agreement and Note Are Hereby Confirmed and Shall Continue to Apply Until Such Time as the Principal and Interest Have Been Repaid. in Witness Whereof, the Parties Have Executed This Agreement as of the Day and Year First Written
12/34/56
