Exhibit 10.45
FIRST AMENDMENT TO SECURED PROMISSORY NOTE
This First Amendment to Secured Promissory Note dated August 3, 2001 in the
original principal amount of $500,000 executed by Xxxxx Xxxxxxx (the "Obligor")
on behalf of Curis, Inc. (the "Creditor") (the "Promissory Note") is executed by
the Obligor and Creditor as of the 31st day of December, 2001 (this
"Amendment").
WHEREAS, the Promissory Note is secured by a Pledge Agreement dated August
3, 2001 (the "Pledge Agreement") executed by the Obligor in favor of the
Creditor;
WHEREAS, the Creditor has agreed to extend the maturity date of the
Promissory Note from December 31, 2001 to December 31, 2002; and
WHEREAS, except for the foregoing extension, the parties wish to confirm
the continuation in full force and effect of all of the terms and conditions of
the Promissory Note and the Pledge Agreement.
NOW, THEREFORE, in consideration of the foregoing and other good and
valuable consideration, the parties hereto hereby agree and confirm as follows:
1. Amendment to Promissory Note. The Promissory Note is hereby amended by
extending the maturity date in the first paragraph thereof from December 31,
2001 to December 31, 2002. Interest on the unpaid principal balance of the
Promissory Note shall continue to accrue and be payable as set forth therein
until all amounts outstanding under the Promissory Note have been paid in full.
2. Continuation of Promissory Note and Pledge Agreement. Except for the
extension of the maturity date of the Promissory Note, as set forth in paragraph
1 above, all of the terms and conditions of the Promissory Note and Pledge
Agreement shall continue in full force and effect, unaffected by this Amendment.
3. Governing Law. This Amendment shall be governed by the laws of the
Commonwealth of Massachusetts.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
the date first set forth above.
Obligor:
/s/ Doros Platika
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Doros Platika
Creditor:
Curis, Inc.
By:/s/ Xxxxxx Xxxxxxx
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Xxxxxx Xxxxxxx
