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ADDENUM No. 1 TO THE CONVERTIBLE PROMISSORY NOTE

Convertible Promissory Note

ADDENUM No. 1 TO THE CONVERTIBLE PROMISSORY NOTE | Document Parties: GOLDEN KEY INTERNATIONAL INC You are currently viewing:
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GOLDEN KEY INTERNATIONAL INC

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Title: ADDENUM No. 1 TO THE CONVERTIBLE PROMISSORY NOTE
Date: 7/16/2009

ADDENUM No. 1 TO THE CONVERTIBLE PROMISSORY NOTE, Parties: golden key international inc
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Exhibit 4.3

 

ADDENUM No. 1 TO THE CONVERTIBLE PROMISSORY NOTE

 

The undersigned parties hereby agreed to amend that certain Convertible Promissory Note (the “Note”) issued by Home Savers Holding Corp. as follows:

 

1.  

Section 3(a) of the Note is amended and restated as follows:

 

(a)                 Conversion.  Conversion shall occur automatically upon the Company’s becoming a Reporting Company (the “Conversion Event”).  Upon the Conversion Event, the entire unpaid principal balance of this Note plus any unpaid interest will automatically convert into Common Stock of the Company at a price equal to the conversion price of $0.50 per share.  However, in the event that principal stock holders are required to pledge their shares of the Reporting Company, then the note will not convert until such time that the pledge is released.

 

2.  

Section 1.1 of the Warrant is amended and restated as follows:

 

1.1                   General.   This Warrant is exercisable at the option of the holder of record hereof, at any time or from time to time, up to the Expiration Date for all or any part of the shares of Common Stock (but not for a frac


 
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