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Exhibit
10.29
SECOND NOTE EXTENSION AGREEMENT
This
Second Note Extension Agreement (“Agreement”) is
entered into this 30th day of May 2008, by Dr. Tattoff, Inc.
(the “Company”), a Florida corporation, and each
of the undersigned noteholders (collectively,
“Noteholders”).
BACKGROUND
WHEREAS
,
the DRTATTOFF, LLC (“Dr. Tattoff”) has previously
issued to the Noteholders certain promissory notes more
particularly described in
Annex A attached
hereto, all of which matured on December 1, 2007 (collectively,
“Notes”);
WHEREAS,
Dr. Tattoff and each of the Noteholders entered into a Note
Extension Agreement dated December 20, 2007, whereby the
maturity date of the Notes was extended to June 1,
2008;
WHEREAS,
the Company assumed the obligations of Dr. Tattoff under the
Notes in connection with the merger, whereby Dr. Tattoff
merged with and into the Company on February 11, 2008;
and
WHEREAS,
the Company has requested, and each of the Noteholders has
agreed, to extend the respective maturity dates of the Notes
and reaffirm their waiver of any and all past
defaults.
NOW,
THEREFORE, in consideration of the foregoing, of the mutual
agreements hereinafter set forth, and of other good and
valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto hereby agree
follows:
1.
The parties agree that the Recitals set forth above are true and
correct and are incorporated into this Agreement by
reference.
2.
Each
Noteholder hereby agrees, the maturity date (“Maturity
Date”) for each of the Notes is hereby
extend
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