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SECOND AMENDMENT TO $1,202,500 PROMISSORY NOTE

Promissory Note

SECOND AMENDMENT TO $1,202,500 PROMISSORY NOTE | Document Parties: Flint Telecom Group, Inc | Flint Telecom, Inc | Flint Telecom, Ltd You are currently viewing:
This Promissory Note involves

Flint Telecom Group, Inc | Flint Telecom, Inc | Flint Telecom, Ltd

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Title: SECOND AMENDMENT TO $1,202,500 PROMISSORY NOTE
Date: 10/13/2009
Industry: Software and Programming     Sector: Technology

SECOND AMENDMENT TO $1,202,500 PROMISSORY NOTE, Parties: flint telecom group  inc , flint telecom  inc , flint telecom  ltd
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EXHIBIT 4.30

SECOND AMENDMENT TO

$1,202,500 PROMISSORY NOTE

BETWEEN

FLINT TELECOM GROUP, INC. AND

FLINT TELECOM, LTD.

 

This SECOND AMENDMENT is to modify certain terms and conditions to that certain Promissory Note by and between Flint Telecom, Inc., a Delaware corporation (which was subsequently assumed by Flint Telecom Group, Inc., a Nevada Corporation) (“Flint”) and Flint Telecom, Ltd., an Irish Corporation (“Note Holder”) dated September 30, 2008  (the “Note”).

 

Unless otherwise indicated, terms used herein that are defined in the Note shall have the same meanings herein as in the Note.

 

WHEREAS, during Flint’s annual audit for its fiscal year ending June 30, 2009 certain accounting errors related to the Note were found which resulted in the parties agreeing to decrease the Principal Amount of the Note from $1,202,500 to $702,500 in order to accurately reflect the actual cash loaned by the Note Holder to Flint at the time the Note was issued; and

 

WHEREAS, certain additional accounting errors have recent


 
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