Exhibit 10.9

  

Amendment to 8% Negotiable Convertible Promissory Note

 

Effective upon original execution date: August 9, 2012

 

This amendment is to correct and amend the Conversion Price in Section 3 as
follows, and throughout all references within the promissory note where
applicable:

 

As originally stated:

 

“Conversion Price” means an amount equal to 30% of the average of the three
lowest reported daily sale or daily closing trading prices (whichever is the
lower) for the Company’s common stock as reported on the OTCQB (or such other
OTC Markets or OTC Tiers, stock markets or stock exchange upon which the
Company’s common stock is listed or traded) during the thirty (30) trading days
immediately preceding the Conversion Date, subject to adjustment as provided
herein (including, without limitation, adjustment pursuant to Section 6), or a
fixed conversion price of $0.001 per share, whichever is greater.

 

As amended and restated:

 

“Conversion Price” means an amount equal to 70% (which represents a 30%
discount) of the average of the three lowest reported daily sale or daily
closing trading prices (whichever is the lower) for the Company’s common stock
as reported on the OTCQB (or such other OTC Markets or OTC Tiers, stock markets
or stock exchange upon which the Company’s common stock is listed or traded)
during the thirty (30) trading days immediately preceding the Conversion Date,
subject to adjustment as provided herein (including, without limitation,
adjustment pursuant to Section 6), or a fixed conversion price of $0.001 per
share, whichever is greater.

 

 

 

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Mark Bradley, CEO

Player Network

 

 

 

 

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Continental Equities