Promissory Note Extension Agreement between Guardian 8 Holdings and Kansas Resource Development Company

Contract Categories: Business Finance › Modification Agreements
Summary

Guardian 8 Holdings, a Nevada corporation, and Kansas Resource Development Company have agreed to extend the maturity date of a $250,000 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 authorized representatives of both parties.

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EX-10.49 7 ex10-49.htm EX-10.49 ex10-49.htm
EXHIBIT 10.49
 
PROMISSORY NOTE EXTENSION AGREEMENT
 
$250,000.00   April 30, 2014

For value received, Guardian 8 Holdings, a Nevada corporation (the “Maker”) promised to pay to Kansas Resource Development Company, 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 Two Hundred Fifty Thousand Dollars ($250,000.00), dated September 19, 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”

Kansas Resource Development Company


By: /s/ George Shuck                                                                          
      George Shuck, CFO