Third Extension Agreement to $90,000 Promissory Note between DERMAdoctor, LLC and Papillon Partners, Inc. (March 15, 2018)

Summary

DERMAdoctor, LLC and Papillon Partners, Inc. have agreed to extend the repayment deadline for a $90,000 promissory note originally dated July 17, 2017. This third extension moves the due date for all outstanding principal and interest to May 14, 2018, which is 301 days from the original note date. All other terms of the original note remain unchanged. Both parties have signed this agreement to confirm the new repayment schedule.

EX-4.9 16 fs12018ex4-9_derma.htm PROMISSORY NOTE THIRD EXTENSION AGREEMENT DATED FEBRUARY 6, 2018 (TO NOVEMBER 2017 NOTE)

Exhibit 4.9

 

PROMISSORY NOTE THIRD EXTENSION AGREEMENT

 

$90,000.00 March 15, 2018

 

This Promissory Note Extension Agreement, hereinafter referred to as “Extension Agreement,” entered into this Fifteenth day of March, 2018, by and between DERMAdoctor, LLC, a Missouri corporation (“Maker”), and Papillon Partners, Inc., a Missouri corporation, or its successors or assigns (“Holder”),

 

WHEREAS, Maker and Holder have entered into a Promissory Note dated July 17, 2017 for the amount of Ninety Thousand Dollars ($90,000), hereinafter referred to as the “Note”. The Note is due and payable on a date that is Ninety (90) days from the original date of the Note.

 

WHEREAS, Maker and Holder have entered into an Extension Agreement dated October 9, 2017 for the amount of Nine Thousand Dollars ($90,000), hereinafter referred to as the “Note”. The Note is due and payable on a day that is one hundred eighty (180) days from the original date of the Note.

 

WHEREAS, Maker and Holder have entered into a second Extension Agreement dated January 13, 2018 for the amount of Ninety Thousand Dollars ($90,000), hereinafter referred to as the “Note”. The Note is due and payable on a date that is two hundred forty-one (241) days from the original date of the Note.

 

WHEREAS, Maker and Holder desire to enter into this Third Extension Agreement in order to extend the date when all the outstanding principal and accrued and unpaid interest is due and payable to three hundred and one (301) days from the original date of the Note.

 

NOW, THERE ORE, it is duly agreed by both Maker and Holder to extend the due date of the Note to May 14, 2018.

 

All other provision of the original Note shall prevail unless otherwise written.

 

IN WITNESS WHEREOF, the undersigned Maker and Holder have duly executed this Extension Agreement, extending the due date of the Note as of the day and year first written above.

 

  MAKER:
   
  DERMAdoctor, LLC
     
  By: /s/ Jeff Kunin
  Name: Jeff Kunin
  Title: CEO
     
  HOLDER:
   
  Papillon Partners, Inc.
     
  By: /s/ Audrey Kunin
  Name: Audrey Kunin
  Title: President