Extension of Indebtedness
This extension is made this the 7th day of November, 1996 by and between
Trans Energy, Inc. and Xxxxxxx X. Xxxxxxxxx.
WHEREAS, Trans Energy, Inc. is indebted to Xxxxxxx X. Xxxxxxxxx in the
amount of One Hundred Ten Thousand Dollars ($110,000.00) as of November 7,
1996.
WHEREAS, the parties hereto wish to extend the due date until December
29, 1996 at the continued interest rate of twenty percent (20%) per annum.
NOW THEREFORE, the parties hereto agree that the promissory note dated
the 7th day of May, 1996 originally due and payable on the 7th day of November
in the amount of $110,000 is hereby extended until December 29, 1996 at the
continued interest rate of twenty percent (20%) per annum.
All other terms and conditions will remain the same.
/s/ Xxxxxxx X. Xxxxxxxxx /s/ Xxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxxxxx Trans Energy, Inc.
Xxxxx X. Xxxxxx, President
