The conversion price as referenced in the Note and any other documents related thereto, is hereby amended to have a fixed price, non adjustable, except in the event of default hereunder, and under the note and the related transaction documents, and the first Amendment and Extension Agreement of , such fixed conversion price being at $.01 per share, except that if the Crowdgather stock closes below $.01 for three consecutive trading days, Iconic can put the Note to Crowdgather requiring Crowdgather to pay Iconic the balance due, including interest, within 30 days, plus a premium of 20% thereupon.
Additional amendment to Note provisions: At any time prior to conversion price as referenced inof any remaining portion of the NoteIconic Note, Crowdgather may offer cash to Iconic for the outstanding balance due plus a 20% premium on such balance, and any other documents related thereto, is hereby amendedIconic shall thereupon accept the offered payment or convert the balance to have a fixed price, non adjustable, except in the event of default hereunder, and under the note and the related transaction documents, and the first Amendment and Extension Agreement of , such fixed conversion price beingcommon stock at $.01 per share, except that if the Crowdgather stock closes below $.01 for three consecutive trading days, Iconic can put the Noteshare within 72 hours by written notice to Crowdgather requiring Crowdgather to pay Iconic the balance due, including interest, within 30 days, plus a premium of 20% thereupon.Crowdgather.
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