EX-10.30 30 iwal_ex1030.htm DEBENTURE EXTENSION - PROSPECT DEBENTURE EXTENSION - Prospect

iWallet Corporation | 7394 Trade Street | San Diego, CA 92196-3418 | (800) 508-5042

 

July 13, 2021

 

To: iWallet Debenture Holders

 

Dear Sir/Madam:

 

We refer to the secured convertible debentures issued by iWallet Corporation (the “Company”), dated April 30, 2015 and June 30, 2015 (the “Debenture”) issued to the undersigned debentureholder (the “Debentureholder”). The Company is requesting permission to extend the Maturity Date (as defined in the Debenture) until April 30, 2022. Capitalized terms not otherwise defined shall have the same meaning ascribed to them in the Debenture.

 

The Company and the Debentureholder hereby amends the Debentures as follows:

 

1. Each reference to the Maturity Date in the Debenture shall be amended to reflect “April 30, 2022”.

 

All other terms of the Debenture shall remain in full force and effect unamended and time shall continue to be of the essence.

 

If you are in agreement with the terms and conditions of this letter, please sign and return to my attention.

 

Yours truly,

 

IWALLET CORPORATION

 

By: /s/ Steve Cabouli

“Authorized Signing Officer”

 

The undersigned hereby acknowledges and consents to the above noted amendment, extending the Maturity Date until April 30, 2022.

 

If Debentureholder is a corporation, trust, partnership or other entity:

 

If Debentureholder is an individual:

 

 

 

Prospect Pluto Enterprises Ltd.

 

 

Name of Entity

 

Signature

 

 

 

/s/ Mikhail Lefel

 

 

Signature of Person Signing

 

Name of Individual

 

 

 

President

 

 

Title of Person Signing