Amendment to Promissory Note dated October 4, 2011

Contract Categories: Business Finance - Note Agreements
EX-10.8 4 ex10_8.htm EX10_8

AMENDMENT TO PROMISSORY NOTE DATED OCTOBER 4, 2011

 

WHEREAS, Queensridge Mining Resources, Inc., a Nevada corporation, (“Maker”) has issued a Promissory Note dated October 4, 2011 in the amount of $10,000 (the “Note”) to The Stromer Family, PKS Trust (“Holder”); and

 

WHEREAS, all principal and interest owing under the Note was originally due and payable on or before October 4, 2013; and

 

WHEREAS, Maker and Holder desire to extend the due date of the Note for an additional two (2) years,

 

NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:

 

  1. Effective as of October 4, 2013, the final due date of the Note is extended to October 4, 2015.

 

  1. Interest shall continue to accrue under the Note at the rate set forth therein, and all other terms of the Note not specifically modified by this Amendment shall remain in full force and effect.

 

Queensridge Mining Resources, Inc.
 
By:/s/ Phillip Stromer
       Phillip Stromer, President and CEO
 
 
The Stromer Family, PKS Trust
 
 
By:/s/ Phillip Stromer
      Phillip Stromer