Exhibit 10.55

 

AMENDMENT #2 TO $600,000 PROMISSORY NOTE DATED OCTOBER 15, 2007 BETWEEN
PROUROCARE MEDICAL, INC. (“BORROWER”) AND THE PHILLIPS W. SMITH FAMILY TRUST
(“LENDER”)

 

This Amendment #2 to Promissory Note dated October 15, 2007 between ProUroCare
Medical, Inc. (“Borrower”) and Phillips W. Smith (“Lender”) (the “Note”) is made
to change the interest and payment terms of the Note.

 

Note Amendments

 

Section 3. E.4(a) is hereby deleted and replaced by the following:

 

                (a) Lifetime.  The Interest Rate will never be less than 6.000
percent.

 

Section 5, “PAYMENT” is hereby deleted and replaced by the following:

 

5.                                      PAYMENT.  WE AGREE TO REPAY THIS NOTE
AND ANY ACCRUED BUT UNPAID INTEREST THEREON ON MARCH 28, 2010.

 

Payments made on this Note will be applied first to interest that is due then to
principal that is due, and finally to any charges that we owe other than
principal and interest.  If you and we agree to a different application of
payments, we will describe our agreement on this Note.  You may change how
payments are applied in your sole discretion without notice to us.  The actual
amount of our final payment will depend on our payment record.

 

 

EXECUTED this 19th day of March, 2009.

 

ProUroCare Medical Inc.

 

Phillips W. Smith Family Trust

 

 

 

 

 

 

/s/ Richard C. Carlson

 

/s/Phillps W. Smith

Richard C. Carlson

 

Phillips W. Smith

CEO

 

Trustee

 

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