Liberator extends maturity date of 3% convertible promissory note

Conversion price of the note is also amended to $0.125 per share

By Devika Patel

Knoxville, Tenn., Aug. 15 - Liberator, Inc. amended the terms of its 3% convertible promissory note on Aug. 15, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The notes' maturity was extended to Aug. 15, 2014. In addition, the note's conversion price was revised to $0.125.

The Atlanta company offers liberator shapes, sexual furniture, playful restraints, silk and satin sheets, duvets, pillows, leather products, erotic prints, books and sculptures.

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