First Amendment to Revolving Promissory Note Agreement between Outdoor Specialty Products, Inc. and Kirk Blosch

Contract Categories: Business Finance › Note Agreements
Summary

This amendment updates the original Revolving Promissory Note Agreement between Outdoor Specialty Products, Inc. and Kirk Blosch. The main change is the extension of the loan's maturity date to June 30, 2022, with the possibility of further extensions if both parties agree in writing. All other terms of the original agreement remain unchanged and in effect.

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EX-10.4 2 f10k2021ex10-4_outdoor.htm FIRST AMENDMENT TO REVOLVING PROMISSORY NOTE AGREEMENT DATED DECEMBER 1, 2021

Exhibit 10.4 

 

FIRST AMENDMENT TO REVOLVING PROMISSORY NOTE AGREEMENT

 

This First Amendment to Revolving Promissory Note Agreement is made and entered into as of the 1st day of December 2021 by and between Outdoor Specialty Products, Inc., a Nevada corporation (“Borrower”), and Kirk Blosch (“Noteholder”).

 

WHEREAS, Borrower and Noteholder entered into that certain Revolving Promissory Note Agreement, dated January 4, 2021, in the original principal amount of $40,000.00 (the “Original Note”); and

 

WHEREAS, Borrower and Noteholder desire to amend the maturity date of the Original Note as provided herein.

 

NOW, THEREFORE, in consideration of the premises and covenants set forth herein, the parties hereto agree as follows:

 

1. Amendment. Section 1(a) of the Original Note, captioned “Maturity Date,” is hereby amended by deleting such section in its entirety and replacing it with the following:

 

(a)Maturity Date. The aggregate unpaid Principal Indebtedness, all accrued and unpaid interest thereon, and all other amounts payable under this Note shall be due and payable on or before the close of business on June 30, 2022 (the “Maturity Date”). The Maturity Date may be extended from time to time by the written agreement of Borrower and Noteholder.

 

2. Defined Terms / No Further Modification. Any terms used but not defined herein shall have the meanings ascribed to them in the Original Note. Except as expressly set forth herein, the Original Note shall remain unmodified and shall continue in full force and effect.

  

Dated as of December 1, 2021.  OUTDOOR SPECIALTY PRODUCTS, INC.
     
    Borrower:
     
    By /s/ Kirk Blosch
    Name:  Kirk Blosch
    Title: President
     
Noteholder: 
     
    /s/ Kirk Blosch
    Kirk Blosch