Amendment No. 5 dated February 15, 2012 to the Secured Note Payable dated as of July 29, 2004 by and between Colonial Commercial Corp. and Goldman Associates of New York, Inc

EX-10.6 2 ex10_06.htm EXHIBIT 10.06 ex10_06.htm

Exhibit 10.06

Amendment No. 5 to that certain Secured Note dated as of July 29, 2004 in the principal sum of $750,000, as amended (“Note”).

For good and valuable consideration, the parties to the Note hereby amend the Note to extend the Maturity Date from January 1, 2012 to January 1, 2014.

Except as set forth above, the Note is hereby ratified and confirmed in all respects.

Dated February 15, 2012 and effective as of December 31, 2011.

Colonial Commercial Corp.

By:	/s/ William Pagano
Name:	William Pagano, Chief Executive Officer

Subsidiaries that are “Grantors of a Security Interest”

under the Note:

Universal Supply Group, Inc.

By:	/s/ William Pagano
Name:	William Pagano, President

The RAL Supply Group, Inc.

By:	/s/ William Pagano
Name:	William Pagano, Executive Vice President

Confirmed:

Goldman Associates of New York, Inc

By:	/s/ Michael Goldman
Name:	Michael Goldman, President