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What is an Extension Of Promissory Note?
An extension of promissory note is a written modification to an original promise to pay a specified sum of money at a specified date. Different entities will have different needs for these types of agreements, which means there are other formats and criteria that they need to adhere to for them to be considered legally binding.
In some cases, the extension of a promissory note may also function as an extension on the loan. A promissory note is a written promise from one party (the "Maker") promising payment by another party (the "Holder").
Extension Of Promissory Note Sample
Exhibit 4.11
PROMISSORY NOTE SECOND EXTENSION AGREEMENT
$100,000.00 | April 30, 2018 |
This Promissory Note Extension Agreement, hereinafter referred to as “Extension Agreement,” entered into this Thirtieth day of April, 2018, by and between DERMAdoctor, LLC, a Missouri entity (“Maker”), and Papillon Partners, Inc., a Missouri corporation, or its successors or assigns (“Holder”),
WHEREAS, Maker and Holder have entered into a Promissory Note date November 9, 2017 for the amount of One Hundred Thousand Dollars ($100,000), hereinafter referred to as the “Note”. The Note is due and payable on a date that is ninety (90) days from the original date of the Note.
WHEREAS, Maker and Holder have entered into an Extension Agreement date February 6, 2018 for the amount of One Hundred Thousand Dollars ($100,000), hereinafter referred to as the “Note”. The Note is due and payable on a date that is one hundred eighty (180) days from the original date of the Note.
WHEREAS, Maker and Holder desire to enter into this Second Extension Agreement in order to extend the date when all the outstanding principal and accrued and unpaid interest is due and payable to two hundred sixty two (262) days from the original date of the Note.
NOW, THEREFORE, it is duly agreed by both Maker and Holder to extend the due date of the Note to July 29, 2018
All other provisions of the original Note shall prevail unless otherwise written.
[Signature page follows]
IN WITNESS WHEREOF, the undersigned Maker and Holder have duly executed this Extension Agreement, extending the due date of the Note as of the day and year first written above.
MAKER: | ||
DERMAdoctor, LLC | ||
By: | /s/ Jeff Kunin | |
Name: | Jeff Kunin | |
Title: | Chief Executive Officer | |
HOLDER: | ||
PAPILLON PARTNERS, INC. | ||
By: | /s/ Audrey Kunin | |
Name: | Audrey Kunin | |
Title: | President |
Reference:
Security Exchange Commission - Edgar Database, EX-4.11 18 fs12018ex4-11_derma.htm PROMISSORY NOTE EXTENSION AGREEMENT DATED APRIL 30, 2018 (TO NOVEMBER 2017 NOTE), Viewed February 3, 2022, View Source on SEC.
Who Helps With Extension Of Promissory Notes?
Lawyers with backgrounds working on extension of promissory notes work with clients to help. Do you need help with an extension of promissory note?
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Meet some of our Extension Of Promissory Note Lawyers
Peter L.
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Jessica Molligan is an attorney with twenty years of experience in family law, bankruptcy, and litigation.
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Scott M.
Skilled/versatile attorney (and RE broker) with 10+ years' experience and diverse background in real estate, business law, injury litigation, estate planning. Select Experience: • Former General Counsel (and current Of Counsel) for a prominent real estate developer touching on all aspects of business in a hands-on and advisory role, including Lease and PSA contract negotiations; • Years of successful injury litigation practice as associate and solo (primarily plaintiff, some defense) with multiple six-figure settlements; • Years of expertise in business law for a variety of industries as well as estate planning for small to mid-size entities.
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Shanon G.
Have experience in contract, family law, municipality work, criminal defense, litigation, some wills and estates as well. Been practicing law for over 22 years.
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Heather B.
I currently focus on estate planning, uncontested divorces, mobile real estate closings, and contract review for small businesses after starting my firm after leaving my position a partner at a national law firm specializing in creditor rights and real property.
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Suzanne E.
I have been an attorney for 30 years. I am a Colorado native with many years in Alaska. I have a Bachelors in Biology, Chemistry and French, JD from Seattle University and Masters in Environmental Science and Law from Vermont Law School. I have traveled extensively, mostly in Europe, and speak several languages with more or less proficiency. I practiced law in Alaska and Colorado, much of it in remote areas but also large cities. I have taught in an environmental masters program and run large environmental nonprofits and a hot springs resort. I have worked with and run business incubators, a process I love. Empowering people to build their own futures is a passion.
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