Amendment No. 3 to Secured Note between Colonial Commercial Corp. and Goldman Associates of New York, Inc.

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, 2011, instead of January 1, 2010. All other terms of the original note remain unchanged and in effect.

EX-10.04 2 ex10_04.htm EXHIBIT 10.04 ex10_04.htm

EXHIBIT 10.04

Amendment No. 3 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 and Amendment 2, dated February 12, 2009 (“Note”).

For good and valuable consideration, the parties to the Note amend the Note to extend the Maturity Date from January 1, 2010 to January 1, 2011.

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

Dated: March 5, 2010

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