Promissory Note Extension Agreement between Milestone Scientific Inc. and K. Tucker Andersen (June 2011)
Milestone Scientific Inc. and K. Tucker Andersen have agreed to extend the due date of a $450,000 promissory note, originally dated December 24, 2008, to July 31, 2013. All other terms and conditions of the original agreement remain unchanged. This extension is formally acknowledged by both parties in writing.
Exhibit 10.15
June 29, 2011
Mr. K. Tucker Andersen
61 Above All Road
Warren, CT 06754
Dear Mr. Andersen,
In summary of the conversation between you and Leonard Osser, Thursday, June 23, 2011, this is the formal notification that you have agreed to extend the due date of the Promissory Note with Milestone Scientific Inc. originally dated December 24, 2008 for four hundred fifty thousand dollars ($450,000) until July 31, 2013. All other terms and conditions reman the same as included in the original agreement.
Please sign below acknowledging this change.
Thank you very much for your continued support of Milestone Scientific Inc.
Best regards,
/s/ Joseph D’Agostino
Joseph D’Agostino
Chief Financial Officer
/s/ K. Tucker Andersen
K. Tucker Andersen
June 30, 2011
Date
