NOTE EXTENSION AGREEMENT
Exhibit 10.11
NOTE EXTENSION AGREEMENT
Account #10202200978
This Loan Extension Agreement (hereinafter referred to as “Agreement”) made and entered into this 26th day of May, 2006, by and between Intellinetics, Inc. and cosigners A. Xxxxxxx Xxxxxxxx, Xxxxxxx X. Xxxxxxxx, and Xxxxxx X. X’Xxxxxx (hereinafter referred to as “Borrowers”), and The Delaware County Bank and Trust Company, 000 Xxxxxxxxx Xxxxxx, Xxxxx Xxxxxx, Xxxx (hereinafter referred to as “Lender”).
1. The maturity date on said Note shall be extended until April 15, 2007.
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, Borrowers and Lender have executed this Agreement this 26th day of May, 2006.
LENDER: | BORROWER: | |||||||
THE DELAWARE COUNTY BANK AND TRUST COMPANY |
INTELLINETICS, INC. | |||||||
BY: | /s/ XXXXX X. XXXXXXX | BY: | /s/ A. XXXXXXX XXXXXXXX | |||||
XXXXX X. XXXXXXX | A. XXXXXXX XXXXXXXX, Vice President | |||||||
COSIGNERS: | ||||||||
BY: | /s/ A. XXXXXXX XXXXXXXX | |||||||
A. XXXXXXX XXXXXXXX |
BY: | /s/ XXXXXXX X. XXXXXXXX | |||||||
XXXXXXX X. XXXXXXXX |
BY: | /s/ XXXXXX X. X’XXXXXX | |||||||
XXXXXX X. X’XXXXXX |