Extension Agreement for Promissory Notes between Neil Berman, Robyn J. Berman (Trustee), and Delta Mutual, Inc.
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Summary
Neil Berman and Robyn J. Berman, as Trustee for several trusts, have agreed with Delta Mutual, Inc. to extend the due dates of four promissory notes. The new maturity date for all notes is August 10, 2011. The notes include amounts owed to Neil Berman and three trusts for Anthony, Danielle, and Michaela Panariello. This agreement simply extends the repayment deadline and does not alter other terms of the original notes.
EX-10.59 9 v181162_ex10-59.htm Unassociated Document
EXHIBIT 10.59
| Neil Berman | |
| Robyn J Berman Trustee | |
| 11050 Seaport Lane | |
| Boca Raton, FL 33428 | |
| Delta Mutual, Inc. | |
| 14362 N. Frank Lloyd Wright Blvd. | |
| Suite 2105 | |
| Scottsdale, AZ 85260 |
December 31, 2009
Dear Delta Mutual, Inc.:
We have agreed to extend the due date of the following “Notes” to August 10, 2011:
Neil Berman - Note dated May 12, 2004 $193,740.00
Anthony Panariello Trust – Note dated April 5, 2005
$ 50,000.00
Robyn J. Berman, Trustee
Danielle Panariello Trust – Note dated April 5, 2005
$ 50,000.00
Robyn J. Berman, Trustee
Michaela Panariello Trust – Note dated April 5, 2005
$ 50,000.00
Robyn J. Berman, Trustee
Sincerely,
/s/Neil Berman
/s/ Robyn J. Berman, Trustee
