SECOND AMENDMENT TO PROMISSORY NOTE
EXHIBIT
10.6
SECOND
AMENDMENT TO PROMISSORY NOTE
dated
as
of March 6, 2006
Reference
is made to that certain promissory note dated January 28, 2005 (the “Note”), as
amended, between CenterStaging Musical Productions, Inc., a California
corporation, (the “Borrower”) and Xxxxxxx Xxxx, a natural person, (the
“Lender”). All terms defined in the Note shall have the same meaning in this
Second Amendment, except as otherwise provided herein.
NOW,
THEREFORE, Borrower and Lender hereby agree to amend the Note as
follows:
1. The
Maturity Date of the Loan is hereby revised ab
initio
to April
30, 2006. Furthermore, the Lender agrees that the Borrower is not, and shall
not
be deemed to be, in default with respect to the original Maturity Date of the
Loan set forth in the Note and the Lender hereby waives any right to accelerate
(i.e., demand immediate payment of) the Loan or any remedies in respect
thereof.
2. Except
as expressly modified herein, the Note is hereby ratified and shall remain
in
full force and effect.
3. This
Second Amendment may be executed via facsimile and such facsimile shall be
deemed an original hereof.
If
Lender
agrees with the foregoing, please execute this Second Amendment in the space
below.
/s/
Xxxxxx Xxxxxxxxxx
Xxxxxx
Xxxxxxxxxx
CFO
CenterStaging Musical Productions, Inc.
/s/
Xxxxxxx Xxxx
Xxxxxxx
Xxxx, an individual
THIRD
AMENDMENT TO PROMISSORY NOTE
dated
as
of April 28, 2006
Reference
is made to that certain promissory note dated January 28, 2005 (the “Note”), as
amended, between CenterStaging Musical Productions, Inc., a California
corporation, (the “Borrower”) and Xxxxxxx Xxxx, a natural person, (the
“Lender”). All terms defined in the Note shall have the same meaning in this
Third Amendment, except as otherwise provided herein.
NOW,
THEREFORE, Borrower and Lender hereby agree to amend the Note as
follows:
1. The
Maturity Date of the Loan is hereby revised ab
initio
to June 30, 2006. Furthermore, the Lender agrees that the Borrower is not, and shall
not
be deemed to be, in default with respect to the original Maturity Date of
the
Loan set forth in the Note and the Lender hereby waives any right to accelerate
(i.e., demand immediate payment of) the Loan or any remedies in respect
thereof.
2. Except
as
expressly modified herein, the Note is hereby ratified and shall remain in
full
force and effect.
3. This
Third Amendment may be executed via facsimile and such facsimile shall be
deemed
an original hereof.
If
Lender
agrees with the foregoing, please execute this Third Amendment in the space
below.
/s/
Xxxxxx Xxxxxxxxxx
Xxxxxx
Xxxxxxxxxx
CFO
CenterStaging Musical Productions, Inc.
/s/
Xxxxxxx Xxxx
Xxxxxxx
Xxxx, an individual
