Extension Agreement to Secured Promissory Note between Cullen Agricultural Holding Corp. and Cullen Inc Holdings Ltd.

Contract Categories: Business Finance › Modification Agreements
Summary

Cullen Agricultural Holding Corp. and Cullen Inc Holdings Ltd. have agreed to extend the maturity date of a secured promissory note from January 20, 2011, to January 20, 2012. All other terms of the original note remain unchanged. This agreement is signed by authorized representatives of both parties.

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EX-10.1 2 v222031_ex10-1.htm Unassociated Document
 
Exhibit 10.1

 
March 2, 2011

The Directors
Cullen Inc Holdings Ltd.
PO Box 53042
Auckland
NEW ZEALAND

Gentlemen,

Reference is made to that certain secured promissory note (“Note”), dated March 30, 2010, made by Cullen Agricultural Holding Corp. (“Company”) in favor of Cullen Inc Holdings Ltd.

The parties hereby agree that the “Maturity Date” (as defined in the Note) shall be extended from January 20, 2011 to January 20, 2012.

Except as set forth herein, all terms of the Note shall remain in full force and effect.

 
CULLEN AGRICULTURAL HOLDING CORP.
     
 
By:
/s/ Eric Watson
   
Name: Eric Watson
   
Title: CEO

Accepted and Agreed:

CULLEN INC HOLDINGS LTD.

By:
/s/ Eric Watson
  
 
Name: Eric Watson
  
 
Title: Authorized Signatory