Exhibit 10.10
SECOND AMENDMENT TO
SUBORDINATED PROMISORY NOTE
DATED NOVEMBER 1, 2018
WHEREAS ECOMMERCE FUNDING LLC, a Utah limited liability company (“Maker”) and SWL INVESTMENTS LP, an Oklahoma limited partnership (“Holder”) entered into a subordinated note agreement (the “Note”) on November 1, 2018 for the principal amount of $500,000; and
WHEREAS A First Amendment to Subordinated Note was entered into on April 1, 2019 whereby the principal amount of the note was increased from $500,000 to $1,500,000; and
WHEREAS Maker has need for funds in addition to that amount provided by the Note; it is
AGREED by both the Maker and Holder that the principal amount of the Note be amended to increase the principal amount of the Note from $1,500,000, as amended on April 1, 2019 to $2,200,000, with the same terms and conditions as stated in the original note.
This Amendment to the Note is hereby approved with an effective date of January 1, 2022.
| “Maker” | ||
| eCommerce Funding LLC | ||
| By: | /s/ Keith L. Merrell | |
| Name: | Keith L. Merrell | |
| Title: | CFO | |
| “Holder” | ||
| SWL Investments LP | ||
| By: | /s/ S.Whitfield Lee | |
| Name: | S.Whitfield Lee | |
| Title: | President | |
