Promissory Note Extension Agreement between Guardian 8 Holdings and Jim Nolton (April 2014)

Contract Categories: Business Finance › Modification Agreements
Summary

Guardian 8 Holdings, a Nevada corporation, and Jim Nolton have agreed to extend the maturity date of a $45,000 promissory note originally due on April 30, 2014. The new maturity date is July 15, 2014. All other terms and conditions of the original note remain unchanged. This agreement is signed by both parties and formalizes the extension of the repayment deadline.

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EX-10.47 5 ex10-47.htm EX-10.47 ex10-47.htm
EXHIBIT 10.47
 
PROMISSORY NOTE EXTENSION AGREEMENT
 
$45,000.00   April 30, 2014
 
For value received, Guardian 8 Holdings, a Nevada corporation (the “Maker”) promised to pay to Jim Nolton, or its registered assigns or successors in interest (the “Holder”) the Principal Amount and Interest (both as defined below) in the manner and upon the terms and conditions as set forth in that Term Note (“Note”) in the sum of Forty-Five Thousand Dollars ($45,000.00), dated September 1, 2013, which Note becomes due and payable on or about April 30, 2014.

By execution by the parties herein, this Promissory Note Extension Agreement extends the Maturity Date of the Note to and including July 15, 2014. All terms and conditions of the Note shall remain the same other than the Maturity Date.

IN WITNESS WHEREOF, Maker and Holder have caused this Promissory Note Extension Agreement to be executed and delivered as of the day and year first above written.

“Maker”
Guardian 8 Holdings
a Nevada corporation



By: /s/ C. Stephen Cochennet                                                                          
                                                                       C. Stephen Cochennet, Chief Executive Officer

“Holder”




/s/ Jim Nolton                                                                          
Jim Nolton