EX-10.6 2 a9302021amendment1tosecure.htm EX-10.6 Document

Exhibit 10.6
Amendment No. 1 to Secured Promissory Note
PN274
    Maker:     Stabilis Solutions, Inc., a Florida corporation (F/K/A Stabilis Energy, Inc.)
Maker’s Mailing Address:
         11750 Katy Freeway
         Suite 900
         Houston, TX 77079
Payee: M/G Finance Co., Ltd.
Loan Origination Date: August 16, 2019
Date of Amendment: September 20, 2021
Original Principal Amount: $5,000,000
The above reference Promissory Note (“Note”), the outstanding balance of which at the time of this amendment is $3,464,107.11, is hereby amended as follows:
Terms of Payment (principal and interest):
From the date hereof Maker shall make twelve (12) payments of principal and interest as follows:



Date
Beginning Balance
Payment
Accrued
Interest
(SEP-DEC 2021)
Interest
Principal
Ending Balance
9/10/2021 3,464,107.11DEFERRED3,464,107.11
10/10/2021 3,464,107.11DEFERRED3,464,107.11
11/10/2021 3,464,107.11DEFERRED3,464,107.11
12/10/2021 3,464,107.11DEFERRED3,464,107.11
1/10/20223,464,107.11235,367.36102,048.6425,512.16107,806.573,356,300.55
2/10/20223,356,300.55235,367.3624,718.19210,649.173,145,651.38
3/10/20223,145,651.38235,367.3623,166.82212,200.542,933,450.85
4/10/20222,933,450.85235,367.3621,604.03213,763.332,719,687.51
5/10/20222,719,687.51235,367.3620,029.72215,337.642,504,349.87
6/10/20222,504,349.87235,367.3618,443.82216,923.542,287,426.34
7/10/20222,287,426.34235,367.3616,846.24218,521.122,068,905.22
8/10/20222,068,905.22235,367.3615,236.90220,130.461,848,774.75
9/10/20221,848,774.75470,734.7213,615.70457,119.021,391,655.73
10/10/2022
1,391,655.73470,734.7210,249.15460,485.57931,170.16
11/10/2022
931,170.16470,734.726,857.80463,876.92467,293.24
12/10/2022
467,293.24470,734.723,441.48467,293.240.00
All other terms and conditions of the Note remain unchanged.
    
EXECUTED and made EFFECTIVE as of September 20, 2021.
                                  
                        
MAKER: STABILIS SOLUTIONS, INC.
image_0.jpg
    By:                    
         Andrew L. Puhala
Its: Senior Vice President, Chief Financial Officer and Secretary
PAYEE: M/G FINANCE CO., LTD.
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    By:               
         Ben Broussard
Its: Chief Financial Officer