Partial Satisfaction of Promissory Notes Agreement between PMX Communities, Inc. and Multiple Payees (June 30, 2009)

Contract Categories: Business Finance Note Agreements
Summary

This agreement documents that PMX Communities, Inc. has made partial payments on several promissory notes originally issued to various individuals. Each payee acknowledges receipt of a specified payment amount, which reduces the outstanding balance of their respective notes. The agreement directs that these reductions be recorded in the company's books. The document is signed by each payee and dated June 30, 2009, confirming the partial satisfaction of the debts owed by PMX Communities, Inc.

EX-10.6 4 pmxs1am1ex10-6.txt PARTIAL SATISFACTION OF PROMISSORY NOTES PARTIAL SATISFACTION OF PROMISSORY NOTE In consideration of the sum of Ten and 00/100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned hereby confirms the partial satisfaction of that certain Promissory Note dated the 27th day of February, 2009 in the original principal amount of $15,000.00. By execution hereof, the undersigned Payee acknowledges payment of the sum of $3,600.00 ("Note Reduction") by the Maker, PMX Communities, Inc., a Nevada corporation, and directs that the Note reduction be reflected on the books and records of the Maker. In Witness Whereof, I have set my hand and seal as of the 30th day of June, 2009. Payee /s/Mark R. Connell - ------------------------------- Mark R. Connell PARTIAL SATISFACTION OF PROMISSORY NOTE In consideration of the sum of Ten and 00/100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned hereby confirms the partial satisfaction of that certain Promissory Note dated the 25th day of June, 2009 in the original principal amount of $10,000.00. By execution hereof, the undersigned Payee acknowledges payment of the sum of $2,400.00 ("Note Reduction") by the Maker, PMX Communities, Inc., a Nevada corporation, and directs that the Note reduction be reflected on the books and records of the Maker. In Witness Whereof, I have set my hand and seal as of the 30th day of June 2009. Payee /s/Glenn E.J. Murphy - ------------------------------- Glenn E.J. Murphy PARTIAL SATISFACTION OF PROMISSORY NOTE In consideration of the sum of Ten and 00/100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned hereby confirms the partial satisfaction of that certain Promissory Note dated the 13th day of February, 2009 in the original principal amount of $40,000.00. By execution hereof, the undersigned Payee acknowledges payment of the sum of $9,600.00 ("Note Reduction") by the Maker, PMX Communities, Inc., a Nevada corporation, and directs that the Note reduction be reflected on the books and records of the Maker. In Witness Whereof, I have set my hand and seal as of the 30th day of June 2009. Payee /s/Mark B. Goldstein - ------------------------------- Mark B. Goldstein PARTIAL SATISFACTION OF PROMISSORY NOTE In consideration of the sum of Ten and 00/100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned hereby confirms the partial satisfaction of that certain Promissory Note dated the 8th day of March, 2009 in the original principal amount of $15,000.00. By execution hereof, the undersigned Payee acknowledges payment of the sum of $3,600.00 ("Note Reduction") by the Maker, PMX Communities, Inc., a Nevada corporation, and directs that the Note reduction be reflected on the books and records of the Maker. In Witness Whereof, I have set my hand and seal as of the 30th day of June 2009. Payee /s/Andrew T. Goldstein - ------------------------------- Andrew T. Goldstein PARTIAL SATISFACTION OF PROMISSORY NOTE In consideration of the sum of Ten and 00/100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned hereby confirms the partial satisfaction of that certain Promissory Note dated the 19th day of June, 2009 in the original principal amount of $15,000.00. By execution hereof, the undersigned Payee acknowledges payment of the sum of $3,600.00 ("Note Reduction") by the Maker, PMX Communities, Inc., a Nevada corporation, and directs that the Note reduction be reflected on the books and records of the Maker. In Witness Whereof, I have set my hand and seal as of the 30th day of June 2009. Payee /s/Philip A. Liberty - ------------------------------- Philip A. Liberty /s/Cynthia Liberty - ------------------------------- Cynthia Liberty PARTIAL SATISFACTION OF PROMISSORY NOTE In consideration of the sum of Ten and 00/100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned hereby confirms the partial satisfaction of that certain Promissory Note dated the 13th day of February, 2009 in the original principal amount of $30,000.00. By execution hereof, the undersigned Payee acknowledges payment of the sum of $7,200.00 ("Note Reduction") by the Maker, PMX Communities, Inc., a Nevada corporation, and directs that the Note reduction be reflected on the books and records of the Maker. In Witness Whereof, I have set my hand and seal as of the 30th day of June 2009. Payee /s/Barry G. Roderman - ------------------------------- Barry G. Roderman