Amendment and Restatement dated April 13, 2011 of Schedule 1 to the Promissory Note

Contract Categories: Business Finance - Note Agreements
EX-10.2 2 ex10_2.htm EXHIBIT 10.2 ex10_2.htm
 
EXHIBIT 10.02

Amendment and Restatement dated April 13, 2011 of Schedule 1 to the Promissory Note dated March 24, 2010 by Universal Supply Group, Inc. in favor of Goodman Company, L.P., Goodman Manufacturing Company, L.P., and Goodman Sales Company in the original principal sum of $2,000,000 (the “Note”).

Schedule 1 to the Note is hereby amended and restated in its entirety to read as set forth in Exhibit 1.

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

Dated: April 13, 2011
 
UNIVERSAL SUPPLY GROUP, INC.    GOODMAN COMPANY, L.P.   
       
       
By:  /s/ William Pagano   By:  /s/ Mark M. Dolan  
Name: William Pagano, President
   Name: Mark M. Dolan   
   
Title: V.P. Corporate Controller & Treasurer
  
       
    GOODMAN MANUFACTURING COMPANY, L.P.   
       
       
    By:  /s/ Mark M. Dolan  
    Name: Mark M. Dolan   
   
Title: V.P. Corporate Controller & Treasurer
  
       
       
    GOODMAN SALES COMPANY   
       
       
    By:  /s/ Mark M. Dolan   
    Name: Mark M. Dolan   
   
Title: V.P. Corporate Controller & Treasurer
  
 
 
 
 
 
EXHIBIT 1

Schedule 1, as Amended and Restated on April 13, 2011

Pmt Seq #
Date
Payment
Interest
Principal
Balance
 
4/24/2011
  
 
 
1,449,233.52
1
4/24/2011
29,195.00
0.00
29,195.00
1,420,038.52
2
5/24/2011
29,195.00
9,466.92
19,728.08
1,400,310.44
3
6/24/2011
29,195.00
9,335.40
19,859.60
1,380,450.84
4
7/24/2011
29,195.00
9,203.01
19,991.99
1,360,458.85
5
8/24/2011
29,195.00
9,069.73
20,125.27
1,340,333.58
6
9/24/2011
29,195.00
8,935.56
20,259.44
1,320,074.14
7
10/24/2011
29,195.00
8,800.49
20,394.51
1,299,679.63
8
11/24/2011
29,195.00
8,664.53
20,530.47
1,279,149.16
9
12/24/2011
29,195.00
8,527.66
20,667.34
1,258,481.82
10
1/24/2012
29,195.00
8,389.88
20,805.12
1,237,676.70
11
2/24/2012
29,195.00
8,251.18
20,943.82
1,216,732.88
12
3/24/2012
29,195.00
8,111.55
21,083.45
1,195,649.43
13
4/24/2012
29,195.00
7,971.00
21,224.00
1,174,425.43
14
5/24/2012
29,195.00
7,829.50
21,365.50
1,153,059.93
15
6/24/2012
29,195.00
7,687.07
21,507.93
1,131,552.00
16
7/24/2012
29,195.00
7,543.68
21,651.32
1,109,900.68
17
8/24/2012
29,195.00
7,399.34
21,795.66
1,088,105.02
18
9/24/2012
29,195.00
7,254.03
21,940.97
1,066,164.05
19
10/24/2012
29,195.00
7,107.76
22,087.24
1,044,076.81
20
11/24/2012
29,195.00
6,960.51
22,234.49
1,021,842.32
21
12/24/2012
29,195.00
6,812.28
22,382.72
999,459.60
22
1/24/2013
29,195.00
6,663.06
22,531.94
976,927.66
23
2/24/2013
29,195.00
6,512.85
22,682.15
954,245.51
24
3/24/2013
960,607.15
6,361.64
954,245.51
0.00
Grand Totals
  
1,632,092.15
182,858.63
1,449,233.52