Q Lotus Holdings, Inc.
 
A Diversified Financial
 
Holding Company
[logo.jpg]
500 N Dearborn St, Suite 605
 
Chicago, IL  60654
 
(312) 379-1800

 

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 January 5, 2012
Frank Powers
1 Hughes Center Dr, Unit 1604
Lasa Vegas, NV  89169

Re:  Amendment to Promissory Note

Dear Frank:

In accordance with our discussions, Q Lotus Holdings, Inc. and Frank Powers
hereby agree to amend the Promissory Note dated December 1, 2011 between Q Lotus
Holdings, Inc. and Frank Powers in the amount of one hundred thousand dollars
($100,000) such that, notwithstanding anything contained in the Promissory Note
to the contrary:

1.  
Q Lotus Holdings, Inc. (“Obligor’) hereby promises to pay to the order of Frank
Powers (“Payee’) the principal sum of One Hundred Thirty Thousand Dollars
($130,000).

Please acknowledge your acceptance of the above change by executing this
amendment below.

Q Lotus Holdings, Inc.                                           

By:
/S/ Gary Rosenberg
 
Gary Rosenberg
Its:
CEO

Understood and Agreed to this 5th day of January, 2011.

By:
/S/ Frank Powers
 
Frank Powers