Notice of Extension of Convertible Promissory Note and Stock Option Grant between Ecology Coatings and George Resta

Contract Categories: Business Finance › Note Agreements
Summary

Ecology Coatings notifies George Resta that it is extending the term of his Convertible Promissory Note, originally dated March 1, 2008, until June 30, 2008. As part of this extension, the company grants Mr. Resta an option to purchase 15,000 shares of its common stock. Mr. Resta is asked to review, sign, and return the option grant documentation. The letter is signed by the company's Vice President and General Counsel.

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EX-10.41 4 k32689exv10w41.htm NOTICE OF EXTENSION exv10w41
Exhibit 10.41
July 14, 2008
Via Email
George Resta
854 St. Edmund Place
Annapolis, MD 21407
         
 
  Re:   Notice of Extension
Convertible Promissory Note dated March 1, 2008
Dear Mr. Resta,
Pursuant to paragraph “3” of the aforementioned promissory note, Ecology Coatings (the “Company) does hereby elect to extend the term of the note until June 30, 2008. In connection therewith, the Company has issued you an option to purchase Fifteen Thousand (15,000) shares of the Company’s common stock. That option grant is included herein for your review and consideration. Please execute and return at your earliest convenience.
Thank you for your time in addressing this matter.
Yours very truly,
Adam S. Tracy, Esq.
Vice President, General Counsel & Secretary
cc
Richard D. Stromback
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