Common use of Note Amount Clause in Contracts

Note Amount. The Principal Sum of the Note, as previously amended, is hereby increased from $1,579,500 to $2,106,000 and the Consideration is increased to $2,000,000. The first four sentences of the second paragraph of the Note are hereby amended and replaced with the following: “The Principal Sum is up to $2,106,000 (two million one hundred six thousand) plus accrued and unpaid interest and any other fees. The Consideration is $2,000,000 (two million) payable by wire. The Investor shall pay $750,000 of Consideration in accordance with the attached Funding Schedule in its sole election. The Investor may pay up to an additional $1,250,000 of Consideration to the Issuer in such amounts and at such dates as the Investor may choose, however, the Issuer has the right to reject any of those payments within 24 hours of receipt of rejected payments.”

Note Amount. The Principal Sum of the Note, as previously amended, Note is hereby increased from $1,579,500 1,053,000 to $2,106,000 1,579,500 and the Consideration is increased to $2,000,0001,500,000. The first four sentences of the second paragraph of the Note are hereby amended and replaced with the following: “The Principal Sum is up to $2,106,000 1,579,500 (two one million one five hundred six thousandseventy nine thousand five hundred) plus accrued and unpaid interest and any other fees. The Consideration is $2,000,000 1,500,000 (two millionone million five hundred thousand) payable by wire. The Investor shall pay $750,000 of Consideration in accordance with the attached Funding Schedule in its sole election. The Investor may pay up to an additional $1,250,000 750,000 of Consideration to the Issuer in such amounts and at such dates as the Investor may choose, however, the Issuer has the right to reject any of those payments within 24 hours of receipt of rejected payments.”