EXHIBIT 10.1
 
FIRST AMENDMENT TO
PROMISSORY NOTE

This First Amendment to Promissory Note (this “Amendment”) is entered into on
July 11, 2013 by and between SearchCore, Inc., a Nevada corporation (the
“Company”) and James Pakulis, an individual (the “Holder”)

RECITALS

WHEREAS, Company and Holder are parties to that certain Promissory Note dated
December 31, 2012 in the original principal amount of $161,250 (the “Original
Note”);

WHEREAS, Company and Holder desire to amend certain provisions of the Original
Note, effective as of June 30, 2013, as set forth herein.

NOW, THEREFORE, for good and adequate consideration, the receipt and sufficiency
of which is hereby acknowledged, the Company and Holder agree as follows:

AGREEMENT

1.           Section 2 of the Original Note is restated in its entirety as
follows:

“2.           PAYMENT OF THE NOTE.  The Principal Amount of this Note shall be
paid by the Company as follows:
 
(a) The Company shall pay the Holder Thirty Seven Thousand Five Hundred Dollars
($37,500) on September 30, 2013; and
 
(b) The Company shall make twenty three (23) equal monthly installments of
principal and interest of Five Thousand Four Hundred Thirty Four Dollars and
Ninety Four Cents ($5,434.94) beginning September 30, 2013 and continuing on the
30th of each month thereafter.
 
If any payment of principal or interest under this Note shall not be made within
ten (10) business days when due, a late charge of ten percent (10%) of the
outstanding payment amount may be charged by Holder for the purpose of defraying
the expenses incident to handling such delinquent payments.  Such late charge
represents a reasonable sum considering all of the circumstances existing on the
date of this Note and represents a fair and reasonable estimate of the costs
that will be sustained by Holder due to the failure of Company to make timely
payments.”
 
 
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2.           Other than as set forth herein, the terms and conditions of the
Original Note shall remain in full force and effect.
 
IN WITNESS WHEREOF, Company and Holder have executed this Agreement on the date
first written above.

“Holder”
“Company”
     
SearchCore, Inc.
 
a Nevada corporation
       
/s/ James Pakulis                                                     
/s/ James Pakulis                                                     
By:
James Pakulis, an individual
By:
James Pakulis
  Its:
President and Chief Executive Officer
         
/s/ Munjit Johal                                                     
  By:
Munjit Johal
  Its:
Chief Financial Officer

 
 
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