PLAYERS NETWORK - FORM 10-Q - EX-10.9 - FORM OF CONVERTIBLE PROMISSORY NOTE - November 19, 2012

Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - PLAYERS NETWORKFinancial_Report.xls
EX-10.5 - FORM OF PROMISSORY NOTE - PLAYERS NETWORKpntv_10q-ex1005.htm
EX-31.1 - CERTIFICATION - PLAYERS NETWORKpntv_10q-ex3101.htm
EX-32.1 - CERTIFICATION - PLAYERS NETWORKpntv_10q-ex3201.htm
EX-10.10 - FORM OF INVESTMENT AGREEMENT - PLAYERS NETWORKpntv_10q-ex1010.htm
EX-10.1 - FORM OF PROMISSORY NOTE - PLAYERS NETWORKpntv_10q-ex1001.htm
EX-10.4 - FORM OF SECURITIES PURCHASE AGREEMENT - PLAYERS NETWORKpntv_10q-ex1004.htm
EX-10.3 - FORM OF PROMISSORY NOTE - PLAYERS NETWORKpntv_10q-ex1003.htm
EX-10.2 - FORM OF SECURITIES PURCHASE AGREEMENT - PLAYERS NETWORKpntv_10q-ex1002.htm
EX-10.12 - FORM OF REGISTRATION RIGHTS AGREEMENT - PLAYERS NETWORKpntv_10q-ex1012.htm
EX-10.11 - FORM OF NOTE AGREEMENT - PLAYERS NETWORKpntv_10q-ex1011.htm
EX-10.8 - FORM OF NOTE AND WARRANT PURCHASE AGREEMENT - PLAYERS NETWORKpntv_10q-ex1008.htm
EX-10.6 - FORM OF SECURITIES PURCHASE AGREEMENT - PLAYERS NETWORKpntv_10q-ex1006.htm
10-Q - FORM 10-Q - PLAYERS NETWORKpntv_10q-093012.htm
EX-10.7 - FORM OF CONVERTIBLE PROMISSORY NOTE - PLAYERS NETWORKpntv_10q-ex1007.htm

 

Exhibit 10.9

  

Amendment to 8% Negotiable Convertible Promissory Note

 

Effective upon original execution date: August 9, 2012

 

This amendment is to correct and amend the Conversion Price in Section 3 as follows, and throughout all references within the promissory note where applicable:

 

As originally stated:

 

“Conversion Price” means an amount equal to 30% of the average of the three lowest reported daily sale or daily closing trading prices (whichever is the lower) for the Company’s common stock as reported on the OTCQB (or such other OTC Markets or OTC Tiers, stock markets or stock exchange upon which the Company’s common stock is listed or traded) during the thirty (30) trading days immediately preceding the Conversion Date, subject to adjustment as provided herein (including, without limitation, adjustment pursuant to Section 6), or a fixed conversion price of $0.001 per share, whichever is greater.

 

As amended and restated:

 

“Conversion Price” means an amount equal to 70% (which represents a 30% discount) of the average of the three lowest reported daily sale or daily closing trading prices (whichever is the lower) for the Company’s common stock as reported on the OTCQB (or such other OTC Markets or OTC Tiers, stock markets or stock exchange upon which the Company’s common stock is listed or traded) during the thirty (30) trading days immediately preceding the Conversion Date, subject to adjustment as provided herein (including, without limitation, adjustment pursuant to Section 6), or a fixed conversion price of $0.001 per share, whichever is greater.

 

 

 

_________________________________________________

Mark Bradley, CEO

Player Network

 

 

 

 

_________________________________________________

Continental Equities

PLAYERS NETWORK Reports

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