ALLONGE TO PROMISSORY NOTE DATED DECEMBER 15, 2003
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EX-10.31 6 k23805exv10w31.htm ALLONGE TO PROMISSORY NOTE DATED DECEMBER 15, 2003 MADE IN FAVOR OF DEANNA STROMBACK exv10w31
Exhibit 10.31
ALLONGE TO
PROMISSORY NOTE
DATED DECEMBER 15, 2003
PROMISSORY NOTE
DATED DECEMBER 15, 2003
This Allonge (the Allonge executed the 6th day of February, 2008, attached to and forming a part of a Promissory Note, dated December 15, 2003 (collectively, the Note), made by Ecology Coatings, Inc., a Nevada corporation (the Payor), payable to the order of Deanna Stromback (the Payee), in the original principal amount set forth on Exhibit A, which represents the total advances that the Payee has made to the Payor under the Note.
1. The First Paragraph of the Note is hereby amended and restated in its entirety as follows:
FOR VALUE RECEIVED, the undersigned, Ecology Coatings, Inc., a Nevada corporation promises to pay to Deanna Stromback (together with his successors and assigns, referred to as the Payee), in the manner and at the place provided in this Note the principal amount set forth on Exhibit A, which is the total of the various advances (the Advances) that the Payee has made to the Payor under this Note. The outstanding principal balance of this Note shall be payable on December 31, 2008 (the Maturity Date)
2. In all other respects, the Note is confirmed, ratified and approved and, as amended by this Allonge, shall continue in full force and effect.
IN WITNESS WHEREOF, the Payor and Payee have caused this Allonge to be executed and as of the 6th day of February, 2008
ECOLOGY COATINGS, INC. | ||||||
By: | ||||||
Its: | President | |||||
Accepted and agreed to: | ||||||
DEANNA STROMBACK | ||||||
By: | ||||||
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Exhibit A
Schedule of Advances
(Updated through September 30, 2006)
Date Amount of Advance
Schedule of Advances
(Updated through September 30, 2006)
Date Amount of Advance
Date | Amount of Advance | |||
December 15, 2003 | $ | 10,000 | ||
December 31, 2003 | 20,000 | |||
March 1, 2004 | 11,000 | |||
March 23, 2004 | 15,000 | |||
April 19, 2004 | 20,000 | |||
May 26, 2004 | 15,000 | |||
June 29, 2004 | 15,000 | |||
July 17, 2004 | 5,000 | |||
August 30, 2004 | 10,000 | |||
October 22, 2004 | 10,000 | |||
November 19, 2004 | 15,000 | |||
January 23, 2005 | 10,000 | |||
April 19, 2005 | 2,030 | |||
October 3, 2005 | 7,000 | |||
January 19, 2006 | 8,000 |
* | Effective as of March 1, 2005 Payee converted $27,500 principal amount into 250 shares of Common Stock of Payor and assigned $10,000 of the principal amount of this Note to Richard D. Stromback. |
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