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

Contract Categories: Business Finance › Note Agreements
Summary

Guardian 8 Holdings, a Nevada corporation, and C. Stephen Cochennet have agreed to extend the maturity date of a $50,000 promissory note originally due on March 10, 2013. Under this agreement, the new due date for repayment is May 9, 2013. All other terms and conditions of the original note remain unchanged. This extension is formalized by both parties' signatures.

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EX-10.18 5 ex10-18.htm ex10-18.htm
EXHIBIT 10.18
 
PROMISSORY NOTE EXTENSION AGREEMENT
 
$50,000.00  March 10, 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 Fifty Thousand Dollars ($50,000), dated December 10, 2012, which Note became due and payable on or about March 10, 2013.

By execution by the parties herein, this Promissory Note Extension Agreement extends the Maturity Date of the Note to and including May 9, 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