PROMISSORY NOTE EXTENSION
Exhibit 10.7
THIS PROMISSORY NOTE EXTENSION ("EXTENSION"), dated as of December 1, 2011, among Shop Eat Live, Inc., a Nevada corporation (the "Company"), and Xxxxxxx Xxxxxx, the ("Holder").
3. Holder agrees to make the payments as specified in Paragraph (2) hereof and understands and agrees that:
(a) All the rights and remedies, stipulations, and conditions contained in said Promissory Note relating to default in the making of payments under the Promissory Note shall also apply to default in the making of said extension of payments hereunder.
(b) All covenants, agreements, stipulations, and conditions in said Promissory Note dated February 5, 2011 shall be and remain in full force and effect, except as herein modified, and none of the Company’s obligations or liabilities under said Promissory Note shall be diminished or released by any provisions hereof, nor shall this Agreement in any way impair, diminish, or affect any of the Holder’s rights under or remedies on the Promissory Note, whether such rights or remedies arise thereunder or by operation of law.
Dated: December 1, 2011 | Payee Accepted By: Xxxxxxx Xxxxxx |
| Xxxxxxx Xxxxxx |
| 0000 X.X. 000xx Xxxxx, Xxxxxxx, Xxxxxxxxxx 00000 |
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Dated: December 1, 2011 | Maker By: |
| Xxx Xxxxx as President of |
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