Promissory Note Extension Agreement between Guardian 8 Holdings and C. Stephen Cochennet
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Summary
Guardian 8 Holdings, a Nevada corporation, and C. Stephen Cochennet have agreed to extend the maturity date of a $100,000 promissory note originally due on February 12, 2013. The new maturity date is April 12, 2013. All other terms and conditions of the original note remain unchanged. This agreement is signed by both parties to confirm the extension.
EX-10.16 3 ex10-16.htm ex10-16.htm
EXHIBIT 10.16
PROMISSORY NOTE EXTENSION AGREEMENT
| $100,000.00 | February 12, 2013 |
For value received, Guardian 8 Holdings, a Nevada corporation (the “Maker”) promised to pay to C. Stephen Cochennet, 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 One Hundred Thousand Dollars ($100,000), dated November 13, 2012, which Note became due and payable on or about February 12, 2013.
By execution by the parties herein, this Promissory Note Extension Agreement extends the Maturity Date of the Note to and including April 12, 2013. 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/ Kathleen Hanrahan
Kathleen Hanrahan, Chief Financial Officer
“Holder”
/s/ C. Stephen Cochennet
C. Stephen Cochennet
