securealertexh1017.htm










Exhibit 10.17


 



AMENDMENT NO. 1


TO


CONVERTIBLE DEBENTURE







SecureAlert, Inc. and SecureAlert Monitoring, Inc. (collectively the “Company”) entered into a debenture with the creditors listed below (the “Creditors”) on April 20, 2012 with a maturity date of July 31, 2012 in the principal amount of $2,500,000.00 with a “green shoe” option to raise an additional $500,000.00 (the “Debenture”).  The parties to the Debenture have desire to extend the maturity date on the Debenture as follows:








	
1.

	
Final Maturity Date: The parties hereto acknowledge and agree that the Final Maturity Date of the Debenture shall be extended from July 31, 2012 to August 31, 2012.


	  	  
	
2.

	
Interest:  Simple interest shall accrue at a rate of eight percent (8%) per annum.  Interest shall accrue from the date funds were received by the Company from each respective Creditor under the Debenture.  All interest shall be due and payable in cash at the Final Maturity Date. In lieu of a cash interest payment, each Creditor has the right to convert all or any part of the interest amount into shares of Common Stock of the Company at a conversion price per share of $0.03 per Share.


	 	 
	
3.

	
Security:  For the avoidance of doubt and in addition to the Security outlined in section #2.4 of this Convertible Debenture, Creditor(s) shall receive a first priority lien on the recently issued patent “United States Patent No. 8232876”.  Company acknowledges that the patent listed above is covered by the existing Security Agreement.


	 	 
	
4.

	
Terms of Debenture: Except as provided herein the remaining terms of the Debenture shall be unchanged and fully enforceable by the parties hereto.












 


IN WITHNESS WHEREOF, this Amendment No. 1 to Convertible Debenture has been duly executed and delivered as of July 31, 2012.







SecureAlert, Inc.SecureAlert Monitoring, Inc.








	
By:_/s/  John L. Hastings, III

	
By:   /s/  John L. Hastings, III


	
John L. Hastings, III

	
John L. Hastings, III


	
President and CEO

	
President







 


 




 


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Creditor: Laemi Real Estates Inc.

	
Address:

	  
	
Investment Amount: $500,000.00

	  	  
	  	  	  
	
By:     /s/  Hans-Jorg Gatt

	
Laemi Real Estates, Inc.

	  
	
Hans-Jorg Gatt, Director

	
15 Neugasse

	  
	  	  	  
	  	
.O. Box 424

	  
	
By:    /s/  Christina Meusburger

	
LI-9490

	  
	
Christina Meusburger, Director

	
Principality of Liechtenstein

	  
	  	  	  
	
Creditor: Sapinda Holding BV

	  	  
	
Investment Amount: $500,000.00

	  	  
	  	  	  
	  	  	  
	
By:      /s/  Dr. Peter Wiesing

	
Sapinda Holding BV

	  
	
Dr. Peter Wiesing, Managing Director

	
Attn: Herm Holding BV

	  
	  	
World Trade Center

	  
	  	
Schiphol Boulevard 127, A 3.14

	  
	  	
The Netherlands

	  
	  	  	  
	
Creditor: SAPINDA ASIA Limited

	  	  
	
Investment Amount: $1,000,000.00

	  	  
	  	  	  
	  	  	  
	
By:      /s/ Lars Windhorst

	
Sapinda Asia Limited

	  
	
Lars Windhorst, Managing Director

	
Rooms 803-4, 8/F

	  
	  	
Hang Seng Bank Building

	  
	  	
200 Hennessy Road

	  
	  	
Wanchai

	  
	  	
Hong Kong

	  
	  	  	  
	  	  	  
	
Creditor: George Schmitt

	  	  
	
Investment Amount: $500,000.00

	  	  
	  	
George Schmitt

	  
	
By:      /s/ George Schmitt

	
554 Hamilton Way

	  
	
George Schmitt

	
Pleasanton, CA 94566

	  















 


 


 




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