Amendment No. 4 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, 2012, replacing the previous date of January 1, 2011. All other terms of the original note remain unchanged and in effect.

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EX-10.05 2 ex10_05.htm EXHIBIT 10.05 ex10_05.htm
EXHIBIT 10.05

Amendment No. 4 to that certain Secured Note dated as of July 29, 2004 in the principal sum of $750,000, as amended by Amendment 1 dated March 27, 2008, Amendment 2 dated February 12, 2009, and Amendment 3 dated March 5, 2010 (“Note”).

For good and valuable consideration, the parties to the Note amend the Note to extend the Maturity Date from January 1, 2011 to January 1, 2012.

Except as set forth above, the Note is hereby ratified and confirmed in all respects.
 
Dated: March 1, 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