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EXHIBIT 10.3

 

ENDORSEMENT TO 10% SENIOR SECURED CONVERTIBLE NOTE

 

Precision Optics Corporation, Inc.

New York, New York

November 30, 2010

 

The
10% Senior Secured Convertible Note dated June 25, 2008 and amended
December 11, 2008, June 25, 2010, July 26, 2010, September 15,
2010 and October 15, 2010, November 15, 2010 (the “Note”) of
Precision Optics Corporation, Inc., a Massachusetts corporation (the “Company”),
payable to the order of Special Situations Fund III, QP, L.P. (the “Holder”)
in an aggregate principal amount of $275,000 and to which the Endorsement is
affixed is hereby amended in the following respects:

 

1.                                      The term “Stated
Maturity Date” is hereby restated to be “December 1, 2010.”

 

2.                                      Except as
expressly amended by this Endorsement, the Note remains in full force and
effect and the Company hereby reconfirms its obligations thereunder.

 

IN
WITNESS WHEREOF, the Company has caused this Endorsement to be duly executed,
and the Holder has caused this Endorsement to be duly accepted, by their
respective duly authorized representatives as of the day and year first above
written.

 

 

	
   

  	
  PRECISION
  OPTICS CORPORATION, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/
  Richard E. Forkey

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:
  Richard E. Forkey

  
	
   

  	
   

  	
  Title:
  Chief Executive Officer

  
	
   

  	
   

  
	
  Accepted:

  	
   

  
	
   

  	
   

  
	
  SPECIAL
  SITUATIONS FUND III QP, L.P.

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/
  Adam Stettner

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:
  Adam Stettner

  	
   

  
	
   

  	
  Title:
  General PartnerEXHIBIT 10.4

 

ENDORSEMENT TO 10% SENIOR SECURED CONVERTIBLE NOTE

 

Precision Optics Corporation, Inc.

New York, New York

November 30, 2010

 

The
10% Senior Secured Convertible Note dated June 25, 2008 and amended
December 11, 2008, June 25, 2010, July 26, 2010, September 15,
2010, October 15, 2010 and November 15, 2010 (the “Note”) of
Precision Optics Corporation, Inc., a Massachusetts corporation (the “Company”),
payable to the order of Arnold Schumsky (the “Holder”) in an aggregate
principal amount of $50,000 and to which this Endorsement is affixed is hereby
amended in the following respects:

 

1.                                      The term “Stated
Maturity Date” is hereby restated to be “December 1, 2010.”

 

2.                                      Except as
expressly amended by this Endorsement, the Note remains in full force and
effect and the Company hereby reconfirms its obligations thereunder.

 

IN
WITNESS WHEREOF, the Company has caused this Endorsement to be duly executed,
and the Holder has caused this Endorsement to be duly accepted, by their
respective duly authorized representatives as of the day and year first above
written.

 

 

	
   

  	
  PRECISION
  OPTICS CORPORATION, INC.

  
	
   

  	
   

  
	
   

  	
  By
  

  	
  /s/
  Richard E. Forkey

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:
  Richard E. Forkey

  
	
   

  	
   

  	
  Title:
  Chief Executive Officer

  
	
   

  	
   

  
	
  Accepted:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/
  Arnold Schumsky

  	
   

  
	
   

  	
   

  
	
  Arnold
  SchumskyEXHIBIT 10.5

 

ENDORSEMENT TO 10% SENIOR SECURED CONVERTIBLE NOTE

 

Precision Optics Corporation, Inc.

New York, New York

December 1, 2010

 

The
10% Senior Secured Convertible Note dated June 25, 2008 and amended
December 11, 2008, June 25, 2010 July 26, 2010, September 15,
2010, October 15, 2010, November 15, 2010 and November 30, 2010
(the “Note”) of Precision Optics Corporation, Inc., a Massachusetts
corporation (the “Company”), payable to the order of Special Situations
Private Equity Fund, L.P. (the “Holder”) in an aggregate principal
amount of $275,000 and to which the Endorsement is affixed is hereby amended in
the following respects:

 

1.                                      The term “Stated
Maturity Date” is hereby restated to be “December 3, 2010.”

 

2.                                      Except as
expressly amended by this Endorsement, the Note remains in full force and
effect and the Company hereby reconfirms its obligations thereunder.

 

IN
WITNESS WHEREOF, the Company has caused this Endorsement to be duly executed,
and the Holder has caused this Endorsement to be duly accepted, by their
respective duly authorized representatives as of the day and year first above
written.

 

 

	
   

  	
  PRECISION
  OPTICS CORPORATION, INC.

  
	
   

  	
   

  
	
   

  	
  By
  

  	
  /s/
  Richard E. Forkey

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:
  Richard E. Forkey

  
	
   

  	
   

  	
  Title:
  Chief Executive Officer

  
	
   

  	
   

  
	
  Accepted:

  	
   

  
	
   

  	
   

  
	
  SPECIAL
  SITUATIONS PRIVATE EQUITY FUND, L.P.

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/
  Adam Stettner

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:
  Adam Stettner

  	
   

  
	
   

  	
  Title:
  General PartnerEXHIBIT 10.6

 

ENDORSEMENT TO 10% SENIOR SECURED CONVERTIBLE NOTE

 

Precision Optics Corporation, Inc.

New York, New York

December 1, 2010

 

The
10% Senior Secured Convertible Note dated June 25, 2008 and amended
December 11, 2008, June 25, 2010, July 26, 2010, September 15,
2010, October 15, 2010, November 15, 2010 and November 30, 2010
(the “Note”) of Precision Optics Corporation, Inc., a Massachusetts
corporation (the “Company”), payable to the order of Special Situations
Fund III, QP, L.P. (the “Holder”) in an aggregate principal amount of
$275,000 and to which the Endorsement is affixed is hereby amended in the
following respects:

 

1.                                      The term “Stated
Maturity Date” is hereby restated to be “December 3, 2010.”

 

2.                                      Except as
expressly amended by this Endorsement, the Note remains in full force and
effect and the Company hereby reconfirms its obligations thereunder.

 

IN
WITNESS WHEREOF, the Company has caused this Endorsement to be duly executed,
and the Holder has caused this Endorsement to be duly accepted, by their
respective duly authorized representatives as of the day and year first above
written.

 

 

	
   

  	
  PRECISION
  OPTICS CORPORATION, INC.

  
	
   

  	
   

  
	
   

  	
  By
  

  	
  /s/
  Richard E. Forkey

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:
  Richard E. Forkey

  
	
   

  	
   

  	
  Title:
  Chief Executive Officer

  
	
   

  	
   

  
	
  Accepted:

  	
   

  
	
   

  	
   

  
	
  SPECIAL
  SITUATIONS FUND III QP, L.P.

  	
   

  
	
   

  	
   

  
	
  By:
  

  	
  /s/
  Adam Stettner

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:
  Adam Stettner

  	
   

  
	
   

  	
  Title:
  General PartnerEXHIBIT 10.7

 

ENDORSEMENT TO 10% SENIOR SECURED CONVERTIBLE NOTE

 

Precision Optics Corporation, Inc.

New York, New York

December 1, 2010

 

The
10% Senior Secured Convertible Note dated June 25, 2008 and amended
December 11, 2008, June 25, 2010, July 26, 2010, September 15,
2010, October 15, 2010, November 15, 2010 and November 30, 2010
(the “Note”) of Precision Optics Corporation, Inc., a Massachusetts
corporation (the “Company”), payable to the order of Arnold Schumsky
(the “Holder”) in an aggregate principal amount of $50,000 and to which
this Endorsement is affixed is hereby amended in the following respects:

 

1.                                       The term “Stated
Maturity Date” is hereby restated to be “December 3, 2010.”

 

2.                                       Except as
expressly amended by this Endorsement, the Note remains in full force and
effect and the Company hereby reconfirms its obligations thereunder.

 

IN
WITNESS WHEREOF, the Company has caused this Endorsement to be duly executed,
and the Holder has caused this Endorsement to be duly accepted, by their
respective duly authorized representatives as of the day and year first above
written.

 

 

	
   

  	
  PRECISION OPTICS CORPORATION, INC.

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Richard E. Forkey

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name: Richard E. Forkey

  
	
   

  	
   

  	
  Title: Chief Executive Officer

  

 

	
  Accepted:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ Arnold
  Schumsky 

  	
   

  
	
   

  	
   

  
	
  Arnold SchumskyEXHIBIT 10.8

 

ENDORSEMENT TO 10% SENIOR SECURED CONVERTIBLE NOTE

 

Precision Optics Corporation, Inc.

New York, New York

December 3, 2010

 

The
10% Senior Secured Convertible Note dated June 25, 2008 and amended
December 11, 2008, June 25, 2010 July 26, 2010, September 15,
2010, October 15, 2010, November 15, 2010, November 30, 2010 and
December 1, 2010 (the “Note”) of Precision Optics
Corporation, Inc., a Massachusetts corporation (the “Company”),
payable to the order of Special Situations Private Equity Fund, L.P. (the “Holder”)
in an aggregate principal amount of $275,000 and to which the Endorsement is
affixed is hereby amended in the following respects:

 

1.                                       The term “Stated
Maturity Date” is hereby restated to be “December 17, 2010.”

 

2.                                       Except as
expressly amended by this Endorsement, the Note remains in full force and
effect and the Company hereby reconfirms its obligations thereunder.

 

IN
WITNESS WHEREOF, the Company has caused this Endorsement to be duly executed,
and the Holder has caused this Endorsement to be duly accepted, by their
respective duly authorized representatives as of the day and year first above
written.

 

 

	
   

  	
  PRECISION
  OPTICS CORPORATION, INC.

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/
  Richard E. Forkey

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:
  Richard E. Forkey

  
	
   

  	
   

  	
  Title:
  Chief Executive Officer

  

 

	
  Accepted:

  	
   

  
	
   

  	
   

  
	
  SPECIAL
  SITUATIONS PRIVATE EQUITY FUND, L.P.

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/
  Adam Stettner

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:
  Adam Stettner

  	
   

  
	
   

  	
  Title:
  General Partner

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