Attached files
| file | filename |
|---|---|
| 10-K - INFINITE GROUP INC | v175513_10k.htm |
| EX-31.1 - INFINITE GROUP INC | v175513_ex31-1.htm |
| EX-31.2 - INFINITE GROUP INC | v175513_ex31-2.htm |
| EX-23.1 - INFINITE GROUP INC | v175513_ex23-1.htm |
| EX-32.2 - INFINITE GROUP INC | v175513_ex32-2.htm |
| EX-32.1 - INFINITE GROUP INC | v175513_ex32-1.htm |
| EX-10.27 - INFINITE GROUP INC | v175513_ex10-27.htm |
| EX-10.29 - INFINITE GROUP INC | v175513_ex10-29.htm |
MODIFICATION
AGREEMENT TO
PROMISSORY
NOTES
This
MODIFICATION AGREEMENT is made as of December 31, 2009 between Infinite Group,
Inc., a Delaware corporation with offices at 60 Office Park Way, Pittsford, NY
14534 (“Borrower”) and Carle C. Conway, an individual residing at
1305 E. via Entrada, Tucson, AZ 85718 (“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:
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1)
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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 December 31, 2010.
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2)
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Except
as modified by this Agreement, all of the terms, covenants and conditions
of the Notes shall remain the same.
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In
witness whereof, Borrower and Lender have executed this Agreement under the day
and year first written above.
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INFINITE
GROUP, INC.
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/s/
Michael S. Smith
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By:
Michael S. Smith, President
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/s/
Carl C. Conway
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By:
Carle C. Conway
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PROMISSORY
NOTES OF INFINITE GROUP, INC.
IN
FAVOR OF CARLE C. CONWAY
| Holder | Principal Amt | Date | ||||
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Carle
C. Conway
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$150,000
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8/13/03
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||||
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Carle
C. Conway
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$ 50,000
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1/16/04
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||||
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Carle
C. Conway
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$ 65,000
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3/11/04
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