MODIFICATION TO PROMISSORY NOTE
EXHIBIT 10.6
MODIFICATION TO PROMISSORY NOTE
WHEREAS, on December 23, 1994, Xxx Pharmaceuticals (“Maker”) and Xxxxx X. Xxx, Xx. (“Holder”) entered into an agreement (“Note”) whereby Xxx Pharmaceuticals was to pay to Xxxxx X. Xxx, Xx. the sum of Two Hundred Fifty Thousand Dollars; and
WHEREAS, on June 30, 1998, the parties thereto modified said Note to extend the maturity date from June 30, 1998, until January 1, 2005, and the Note had an option to extend the maturity date for an additional five years beyond January 1, 2005. All other terms and conditions of the Note remained the same.
WHEREAS, the parties thereto now desire to further modify said Note and Modification;
NOW, THEREFORE, the parties modify said Note and Modification as follows:
1. The maturity date of the Note is extended from January 1, 2005, until January 1, 2010.
2. All other terms and conditions of the Note remain the same.
Dated this 24th day of February, 2005
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XXXXXX X. XXX |
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Xxx Pharmaceuticals |
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By: Xxxxxx X. Xxx, President |
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XXXXX X. XXX, XX. |
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Xxxxx X. Xxx, Xx. |