Amendment No. 3 to Convertible Note between Colonial Commercial Corp. and Noteholder
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Summary
This amendment, dated March 5, 2010, extends the maturity dates of a $100,000 Convertible Note originally issued on July 29, 2004, by Colonial Commercial Corp. The new due date for the entire principal amount is January 1, 2011. All other terms of the original note remain unchanged and in effect.
EX-10.12 4 ex10_12.htm EXHIBIT 10.12 ex10_12.htm
EXHIBIT 10.12
Amendment No. 3 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 and Amendment 2, dated February 12, 2009 (“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, 2011 so that the entire Principal Sum is due and payable on 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 Salek | /s/ William Pagano | |
| Name: | William Salek, Chief Financial Officer | William Pagano |
