Amendment to Promissory Note between Across America Real Estate Exchange, Inc. and WestMountain Prime, LLC

Contract Categories: Business Finance › Note Agreements
Summary

This amendment extends the due date of a promissory note originally issued by Across America Real Estate Exchange, Inc. to WestMountain Prime, LLC from October 16, 2009, to October 16, 2010. All other terms of the original note remain unchanged. The amendment is effective as of October 16, 2009, and is signed by authorized representatives of both parties.

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EX-10.3 2 aarealexchng10k1231x103_2410.htm EXHIBIT 10.3 aarealexchng10k1231x103_2410.htm
Exhibit 10.3


AMENDMENT TO PROMISSORY NOTE
 
THIS AMENDMENT TO PROMISSORY NOTE (this “Amendment”) is made by and among ACROSS AMERICA REAL ESTATE EXCHANGE, INC. (“Company”), and WESTMOUNTAIN PRIME, LLC (“Holder”), effective as of October 16, 2009.
 
RECITALS
 
A.           The Company executed that Promissory Noted dated as of October 16, 2008 (“Note”) in favor of Holder.
 
B.           The Company desires to extend the term of the Note, and Holder has agreed to such extension on the terms provided herein.
 
NOW THEREFORE, in consideration of the promises contained in the Note and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Maker, Guarantors, and Lender hereby agree as follows:
 
1.           The “Due Date”, as defined in Section one of the Note, is hereby changed from October 16, 2009 to October 16, 2010.
 
2.           Except as modified by this Amendment, the terms of the Note shall remain unchanged and in full force and effect.
 
 
ACROSS AMERICA REAL ESTATE EXCHANGE, INC.
     
 
By:
  /s/  Brian L. Klemsz
   
Name: Brian L. Klemsz
   
Title:   President
     
 
WESTMOUNTAIN PRIME, LLC
     
 
By:
/s/ Joseph Zimlich
   
 Name: Joseph Zimlich
   
 Title:  Manager