Note Extension Agreement between Santa Monica Capital Partners LLC and Santa Monica Media Corporation

Contract Categories: Business Finance › Note Agreements
Summary

Santa Monica Capital Partners LLC and Santa Monica Media Corporation have agreed to extend the maturity date of a $240,000 loan. The new due date is the earlier of December 31, 2006, or when Santa Monica Media Corporation completes its Initial Public Offering. Interest on the loan will continue to accrue until the loan is fully repaid. Both parties have signed to confirm this extension.

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EX-10.6 4 v19539a2exv10w6.htm EXHIBIT 10.6 exv10w6  

Exhibit 10.6
December 31, 2005
David Marshall
President
Santa Monica Media Corporation
9229 Sunset Blvd, Ste 505
Los Angeles, CA 90069
To: Santa Monica Media Corporation,
This letter is to confirm the extension of our $240,000 note to Santa Monica Media Corporation (SMMC) from Santa Monica Capital Partners. The Note, originally due on the earlier of December 31, 2005 or a completed Initial Public Offering by SMMC, is now extended to the earlier of December 31, 2006, or a completed Initial Public Offering by SMMC. All interest will continue to accrue until full payment is received.
     
 
   
Agreed:
    
 
    
Santa Monica Capital Partners LLC
    
By Santa Monica Capital Corp., its managing member
    
By:
    
 
    
/s/ David Marshall
    
     
David Marshall
    
President
    
 
    
Santa Monica Media Corporation
By:
    
 
    
/s/ David Marshall
    
     
David Marshall
    
President