SEC Contract Filing

Filing Date: 2018-02-08

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>tv485339_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 10.3</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">[FORM OF]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FIRST AMENDMENT TO ORIGINAL ISSUE DISCOUNT
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CONVERTIBLE PROMISSORY NOTE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This First Amendment to
Original Issue Discount Convertible Promissory Note (the &ldquo;Amendment&rdquo;) is dated ____________ __, 2018 by and between
<B>BIOHITECH GLOBAL, INC.</B>, a publicly-owned Delaware corporation (the &ldquo;Company&rdquo;) having its principal offices at
80 Red Schoolhouse Road, Suite 101, Chestnut Ridge, NY 10977 and the person or persons executing this Agreement (the &ldquo;Holder&rdquo;)
(collectively, the &ldquo;Parties&rdquo; and individually, a &ldquo;Party&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS,</B> the Company
and the Holder entered into that certain Securities Purchase Agreement (&ldquo;Purchase Agreement&rdquo;) for an Original Issue
Discount Convertible Promissory Note in the aggregate principal amount set forth on the signature page hereto (the &ldquo;Note&rdquo;);</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>WHEREAS,</B>
the Company and the</FONT> Holder desire to amend certain terms and conditions of the Note as set forth in this Amendment;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS,</B> capitalized
terms not defined herein shall have the meaning ascribed to therein in the Purchase Agreement or the Note;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>NOW THEREFORE</B>, in
consideration of the foregoing and the mutual representations, warranties, covenants, and agreements herein contained, the Company
and the Holder agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Acknowledgement</U></B>.
Except as expressly modified and superseded by this Agreement, the terms and provisions of the Purchase Agreement and the Note
and any instruments executed in connection therewith are hereby ratified and confirmed and shall continue in full force and effect.
Except as expressly modified and superseded by this Agreement, each of the Parties hereto specifically ratifies all representations
and warranties made in the Purchase Agreement and the Note and certifies that the representations and warranties made therein remain
true and correct as if the representations and warranties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Amendment</U></B>. Pursuant to the </FONT>provisions of <FONT STYLE="font-size: 10pt">Section 4.3 of the </FONT>Note, <FONT STYLE="font-size: 10pt">the
following provisions of the </FONT>Note <FONT STYLE="font-size: 10pt">are hereby amended as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
term &ldquo;Maturity Date,&rdquo; as set forth in the first paragraph of the Note, is hereby amended from May 24, 2018 to May 24,
2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
1.1 of the Note is hereby amended and replaced in its entirety with the following:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conversion
of Note</U>. The following provisions shall govern the conversion into shares of Common Stock of any and all amounts due under
this Note.</P>

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