Promissory Note Extension Agreement between Intellinetics, Inc. and Jackie M. Chretien
Intellinetics, Inc. and Jackie M. Chretien have agreed to extend the maturity date of an $80,000 promissory note originally dated March 2, 2009. The new due date for repayment is January 1, 2015, instead of the original January 1, 2014. All other terms of the original note remain unchanged. This agreement is signed by both parties to confirm the extension.
PROMISSORY NOTE EXTENSION AGREEMENT
This Promissory Note Extension Agreement, hereinafter referred to as “Extension Agreement,” entered into this Twenty-Seventh day of December, 2013, by and between INTELLINETICS, INC. hereinafter called “Maker” and Jackie M. Chretien, hereinafter called “Lender”.
WHEREAS, Maker and Lender have entered into a Promissory Note dated March 2, 2009 for the amount of Eighty Thousand Dollars ($80,000), hereinafter referred to as the “Note”. The Note had a maturity date of January 1, 2014.
WHEREAS, Maker and Lender desire to enter into this Extension Agreement in order to extend the maturity date of the Note to January 1, 2015.
NOW, THEREFORE, it is duly agreed by both Maker and Lender to extend the due date of the Note to January 1, 2015.
All other provisions of the original Note shall prevail unless otherwise written.
IN WITNESS WHEREOF, the undersigned Maker and Lender have duly executed this Extension Agreement, extending the maturity date of the Note as of the day and year first written above.
| INTELLINETICS, INC. | ||
| By: | /s/ Matthew L. Chretien | |
| Matthew L. Chretien, President and CEO | ||
| JACKIE M. CHRETIEN | ||
| /s/ Jackie M. Chretien | ||
