Promissory Note Extension Agreement between Guardian 8 Holdings and C. Stephen Cochennet

Contract Categories: Business Finance › Modification Agreements
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 April 12, 2013. With this agreement, the new maturity date is June 12, 2013. All other terms and conditions of the original note remain unchanged. This extension allows Guardian 8 Holdings additional time to repay the loan amount to Mr. Cochennet.

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EX-10.17 4 ex10-17.htm ex10-17.htm
EXHIBIT 10.17
 
PROMISSORY NOTE EXTENSION AGREEMENT
 
$100,000.00 April 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, as extended on February 12, 2013, which Note became due and payable on or about April 12, 2013.
 
By execution by the parties herein, this Promissory Note Extension Agreement extends the Maturity Date of the Note to and including June 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