EXHIBIT 10.72
Addendum to "Extension of Maturity of Promissory Note and Modification of
Subscription and Warrant Purchase Agreement" dated May 7, 2003 between
UltraStrip Systems, Inc. and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, in the amount of $125,000.00
Whereas on September 26, 2003, the outstanding principal balance on the
promissory note extension referenced above is $125,000.00, UltraStrip Systems,
Inc. ("Maker") and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ("Holder") hereby agree to amend the
promissory note referenced above as follows:
- The exercise price of the additional 10,000 warrants issued as
interest is changed from $0.07 to $0.93.
- The expiration date of the warrants is corrected from July 7, 2023 to
May 7, 2023.
Date: September 26, 2003
Lender: UltraStrip Systems, Inc.
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Its:
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