Amendment No. 4 to Convertible Note between Colonial Commercial Corp and Noteholder
Contract Categories:
Business Finance
›
Note Agreements
Summary
This amendment extends the maturity dates of a $100,000 Convertible Note originally dated July 29, 2004, as previously amended, between Colonial Commercial Corp and the noteholder. The new maturity date for the entire principal amount is January 1, 2012. All other terms of the original note remain unchanged and in effect.
EX-10.10 3 ex10_10.htm EXHIBIT 10.10 ex10_10.htm
EXHIBIT 10.10
Amendment No. 4 to that certain Convertible Note dated as of July 29, 2004 in the principal sum of $100,000, 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 First Maturity Date and the Final Maturity date to January 1, 2012 so that the entire Principal Sum is due and payable on 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 | /s/ Rita Folger | ||
| Name: | William Pagano, Chief Executive Officer | Rita Folger | ||
