LOAN EXTENSION AGREEMENT Account Number 10202200978
Exhibit 10.10
Account Number 10202200978
This Loan Extension Agreement (hereinafter referred to as “Agreement”) made and entered into this 1st day of April, 2005, by and between Intellinetics Inc. (collectively referred to as “Borrower”), and The Delaware County Bank and Trust Company, 000 Xxxxxxxxx Xxxxxx, Xxxxx Xxxxxx, Xxxx 00000 (hereinafter referred to as “Lender”).
WHEREAS, the Borrower executed and delivered to the Lender a certain Promissory Note dated March 24, 2004, for the principal sum of $201,024.00; that Matured on April 1, 2005, and
WHEREAS, the parties hereto desire to modify the original Note to extend the maturity date on said Note:
NOW THEREFORE, for valuable consideration, the receipt of which is hereby acknowledged the parties hereto agree as follows:
1. The maturity date on said Note shall be April 15, 2006.
All other terms and conditions in the original Note shall remain in full force and effect and the parties hereto agree that the only purpose of this Extension Agreement is to change the maturity date.
IN WITNESS WHEREOF, Borrower and Lender have executed this Agreement this 1st day of April, 2005
LENDER: | BORROWER: | |||||||
THE DELAWARE COUNTY BANK AND TRUST COMPANY |
INTELLINETICS INC. | |||||||
By: | /s/ Xxxxx X. Xxxxxxx | By: | /s/ Xxxxxxx X. Xxxxxxxx | |||||
Xxxxx X. Xxxxxxx | Xxxxxxx X. Xxxxxxxx | |||||||
Assistant Vice President | President |
COSIGNER: | ||||||||
BY: | /s/ Xxxxxxx X. Xxxxxxxx | BY: | /s/ Xxxxxx X. X’Xxxxxx | |||||
Xxxxxxx X. Xxxxxxxx Individually |
Xxxxxx X. X’Xxxxxx Individually |
BY: | /s/ A. Xxxxxxx Xxxxxxxx | $258.26 Interest due as of April 1, 2005 | ||||||
A. Xxxxxxx Xxxxxxxx Individually |
000 Xxxxxxxxx Xxxxxx, X.X. Xxx 0000, Xxxxx Xxxxxx, Xxxx 00000
(000) 000-0000 • xxxxxx.xxx