MODIFICATION AGREEMENT TO
PROMISSORY NOTES
This MODIFICATION AGREEMENT is made as of December 31, 2005 between Infinite
Group, Inc., a Delaware corporation with offices at 000 Xxxxxxx Xxxx, Xxxxx 000,
Xxxxxxxxx, XX 00000 ("Borrower") and Xxxxx X. Xxxxxx, an individual residing at
00000 XX Xxxxxx Xxxxxx, Xxxxxxxxxx Xxxxxx, XX 00000 ("Lender").
WHEREAS, Lender is the holder of three (3) Promissory Notes issued by the
Borrower to the Lender, as described in more detail in the attached Schedule A
(collectively, the Notes); and
WHEREAS, the parties desire to modify the terms and conditions of the Promissory
Notes as follows:
NOW, THEREFORE, the parties agree as follows:
1) The Notes and each of them are modified to provide that the time at
which the entire principal balance and accrued and unpaid interest
shall be due and payable is January 1, 2008.
2) Monthly interest payments shall continue to be payable during the
revised term of the Notes on the same day of every month as provided
in each of the Notes.
3) Except as modified by this Agreement, all of the terms, covenants
and conditions of the Notes shall remain the same.
In witness whereof, Borrower and Lender have executed this Agreement under the
day and year first written above.
INFINITE GROUP, INC.
/s/ Xxxxxxx X. Xxxxx
--------------------
By: Xxxxxxx X. Xxxxx, President
/s/ Xxxxx X. Xxxxxx
-------------------
Xxxxx X. Xxxxxx
PROMISSORY NOTES OF INFINITE GROUP, INC.
IN FAVOR OF NORTHEAST HAMPTON HOLDINGS, LLC
Holder Principal Amt Date
Xxxxx X. Xxxxxx $150,000 8/13/03
Xxxxx X. Xxxxxx $ 50,000 1/16/04
Xxxxx X. Xxxxxx $ 65,000 3/11/04
