Amendment to Promissory Note Between Applied Precision Holdings, LLC and AP Stock Co.

Contract Categories: Business Finance › Note Agreements
Summary

Applied Precision Holdings, LLC and AP Stock Co. have agreed to amend their original promissory note dated October 31, 2002. The amendment extends the maturity date for repayment of the $225,000 loan, with all principal and interest now due on September 30, 2006 instead of the original September 30, 2004 date. All other terms of the original note remain unchanged and in effect.

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EX-10.15 22 dex1015.htm AMENDMENT TO PROMISSORY NOTE IN FAVOR OF AP STOCK COMPANY Amendment to Promissory Note in favor of AP Stock Company

Exhibit 10.15

Applied Precision Holdings, LLC

AMENDMENT TO PROMISSORY NOTE

December 28, 2004

Reference is made to the Promissory Note (“Note”) granted by Applied Precision Holdings, LLC (“APHLLC”) to AP Stock Co. dated October 31, 2002, in the amount of $225,000.00.

The Note stated that all principal and interest due under the Note was due and payable in full in cash on September 30, 2004 (the “Maturity Date”).

The parties to the Note hereby agree that the Maturity Date is hereby amended to September 30, 2006. All other terms and conditions of the Note are unchanged, and shall continue in full force and effect.

 

Applied Precision Holdings, LLC

By:   

  

/s/ Bruce Holdren

Bruce Holdren

Chief Financial Officer

AP Stock Co.

By:

  

/s/ Ronald C. Seubert

Ronald C. Seubert

President