Amendment No. 1 to Promissory Note Dated November 30, 1998 between Louis Lombardi, Sr. and Theresa Lombardi as Executor

Contract Categories: Business Finance › Note Agreements
Summary

This amendment updates the terms of a promissory note originally dated November 30, 1998, between Louis Lombardi, Sr. and Theresa Lombardi, acting as Executor of the estate of Patrick Lombardi. The amendment sets the interest rate at 9.5% and establishes a 20-year repayment term, requiring 240 equal monthly payments of $9,321.31. All other terms of the original note remain unchanged.

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EX-10.10 4 0004.txt AMENDMENT NO. 1 TO PROMISSARY NOTE 1 Exhibit 10.10 AMENDMENT NO. 1 TO PROMISSORY NOTE DATED NOVEMBER 30, 1998 The undersigned hereby amend that certain Promissory Note dated November 30, 1998, effective as of November 30, 1998 1. The interest rate shall be nine and one-half percent (9.5%). 2. The term shall be twenty (20) years, payable in 240 equal and consecutive monthly installments of $9,321.31. 3. All other terms and conditions of the Promissory Note shall remain in full force and effect. WITNESS: /s/ Louis Lombardi, Sr. ---------------------------- LOUIS LOMBARDI, SR. /s/ Dawn B. Androsky /s/ Theresa M. Lombardi - ------------------------ ------------------------ THERESA LOMBARDI As Executor of the estate of Patrick Lombardi