Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q QUARTERLY REPORT - SOFTECH INC | f10q113015_10q.htm |
| EX-31.2 - EXHIBIT 31.2 SECTION 302 CERTIFICATION - SOFTECH INC | f10q113015_ex31z2.htm |
| EX-32.1 - EXHIBIT 32.1 SECTION 906 CERTIFICATION - SOFTECH INC | f10q113015_ex32z1.htm |
| EX-10.21 - EXHIBIT 10.21 AMENDMENT 4 TO SHORT TERM NOTE - SOFTECH INC | f10q113015_ex10z21.htm |
| EX-31.1 - EXHIBIT 31.1 SECTION 302 CERTIFICATION - SOFTECH INC | f10q113015_ex31z1.htm |
AMENDMENT No. 5 TO TERM NOTE
This Amendment to the Term Note (“Amendment No. 5”) is dated January 8, 2016 by and among SofTech, Inc., a Massachusetts corporation with offices at 650 Suffolk Street, Suite 415, Lowell, MA 01854 (the “Borrower”) and EssigPR, Inc., a Puerto Rico corporation and Joe Daly (the “Lender”).
WHEREAS, the Borrower and Lender are parties to that certain Term Note dated October 1, 2014 which was amended through an agreement dated April 2, 2015 (“Amendment”) and on July 15, 2015 (“Amendment No. 2”) and on October 16, 2015 (“Amendment No. 3”) and on November 30, 2015 (“Amendment No. 4”);
WHEREAS, the Term Note, as amended, is due and payable in full on January 10, 2016; and
WHEREAS, the Borrower and Lender have agreed to extend the due date an additional three months to April 10, 2016 or such earlier time as may be mutually agreed between the parties.
NOW, THEREFORE, in consideration of the foregoing and the agreements contained herein, the parties agree as follows:
1.
Term. Section 6. entitled “Term.” of the Term Note, as amended, shall be amended by changing the due date from January 10, 2016 to April 10, 2016.
All other terms and conditions detailed in the Term Note, as amended, shall remain unchanged.
BORROWER
LENDER
SofTech, Inc.
EssigPR, Inc.
By: /s/ Joseph P. Mullaney
By: /s/ Joseph P. Daly
Its: CEO
Its: CEO
Date: January 8, 2016
Date: January 8, 2016