TransCoastal Inactive 10-Q2009 Q1 Quarterly report

Filed: 28 Apr 09, 12:00am

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New words: Alfred, Austin, authorized, behalf, Bo, bore, decrease, Dubach, duly, Gary, greater, herewith, independent, Lycke, member, NFC, November, registrant, registration, Schellenberg, successful, thereunto, undersigned

Removed: accredited, activity, approximately, Asset, average, beneficial, cancellation, compensation, Compliance, director, earlier, employee, entering, entity, exemption, exercise, extend, feature, grant, income, inquiry, intrinsic, investor, involve, issuance, limited, managerial, method, modified, operational, portion, prior, prospective, recognition, remaining, restricted, reversal, strain, sum, unvested, virtue, weighted

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Exhibit 10.10

AMENDMENT NUMBER 1
To The Unsecured Promissory Note
By and Between
Claimsnet.com Inc.
And J.R. Schellenberg

This Amendment Number 1 is made to that certain Unsecured Promissory Note (“Note”) made and entered into by and between Claimsnet.com Inc. and J.R. Schellenberg dated August 1, 2002.

The provisions set forth herein shall be deemed to modify and replace those provisions of the Note as specifically set forth. All other provisions of the Note shall remain in full force and effect.

The parties desire to change the Annual Interest Rate on Unpaid Principal to three percent (3%).

AGREED and entered into as of January 1, 2009.


CLAIMSNET.COM INC. a Delaware corporation
By:	/s/ Don Crosbie
	Don Crosbie
	Chief Executive Officer

J. R. Schellenberg
By:	/s/ J. R. Schellenberg