Amendment No. 5 to Secured Note between Colonial Commercial Corp. and Goldman Associates of New York, Inc.

Contract Categories: Business Finance › Note Agreements
Summary

This amendment extends the maturity date of a $750,000 secured note originally dated July 29, 2004, between Colonial Commercial Corp. (and its subsidiaries Universal Supply Group, Inc. and The RAL Supply Group, Inc.) and Goldman Associates of New York, Inc. The new maturity date is January 1, 2014, instead of January 1, 2012. All other terms of the original note remain unchanged. The amendment is effective as of December 31, 2011.

Read More Arrow
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