Amendment No. 5 to Convertible Note between Colonial Commercial Corp. and Noteholders
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Summary
This amendment extends the maturity dates of a $100,000 Convertible Note originally dated July 29, 2004, between Colonial Commercial Corp. and its noteholders. The First Maturity Date and Final Maturity Date are both changed from January 1, 2012, to January 1, 2014, making the entire principal due on the new date. All other terms of the original note remain unchanged. The amendment is dated February 15, 2012, and effective as of December 31, 2011.
EX-10.18 4 ex10_18.htm EXHIBIT 10.18 ex10_18.htm
Exhibit 10.18
Amendment No. 5 to that certain Convertible Note dated as of July 29, 2004 in the principal sum of $100,000, as amended (“Note”).
For good and valuable consideration, the parties to the Note hereby amend the Note to extend the First Maturity Date and the Final Maturity Date from January 1, 2012 to January 1, 2014 so that the entire Principal Sum is due and payable on 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 Salek | /s/ William Pagano | ||
| Name: | William Salek, Chief Financial Officer | William Pagano |
