Agreement to Extend Due Date of $50,000 Promissory Note between Donald J. Bores, Sr. and Borrower (December 31, 2015)
This agreement, signed by Donald J. Bores, Sr. as Lender, extends the due date of a $50,000 promissory note originally issued on May 30, 2013. The new due date for repayment of all principal and accrued interest is June 30, 2016, under the same terms as the original note. If the note is paid before this date, all principal and accrued interest up to the payment date will be considered full payment. The agreement is governed by Minnesota law.
Donald J. Bores (“Lender”)
1792 Cranberry Isles Way
Apopka, FL 32712
Promissory Note of May 30, 2013 –
Agreement to Extend the Due Date beyond the December 31, 2015 Extension to June 30, 2016
On this date of December 31, 2015, I, Donald J. Bores, Sr., the “Lender”, agrees to extend the due date of the $50,000 promissory note entered into on May 30, 2013, then extended to July 1, 2014, then to December 31, 2014, then to June 30, 2015, then to December 31, 2015 and now to June 30, 2016 under the same terms and conditions as originally drafted.
Terms of Repayment: This Note, all principal and accrued interest is now due and payable on or before June 30, 2016. In the event it is paid prior to the due date, the principal and all accrued interest to the date will constitute payment in full.
Choice of Law: All terms and conditions of this Note shall be interpreted under the laws of the state on Minnesota.
Signed and acknowledged by
//Donald J. Bores, Sr.//
Lender
1792 Cranberry Isles Way
Apopka, FL 32712h
December 31, 2015
