Patio Bahia Inc - FORM S-1 - EX-10.11 - EXTENSION OF PROMISSORY NOTE DATED OCTOBER 20, 2009 FOR $5,000 TO MCCARTHY - February 9, 2010

Attached files

file filename
S-1 - REGISTRATION STATEMENT - Patio Bahia Incpatio_s1-020410.htm
EX-10.4 - EMPLOYMENT AGREEMENT DATED JUNE 13, 2007 BY AND BETWEEN PATIO BAHIA, INC. AND ZLATUSE JERABKOVA - Patio Bahia Incex10-4.htm
EX-3.3 - ARTICLES OF AMENDMENT DATED AUGUST 15, 2007 - Patio Bahia Incex3-3.htm
EX-21.1 - SUBSIDIARIES OF THE REGISTRANT - Patio Bahia Incex21-1.htm
EX-10.5 - PROMISSORY NOTE DATED MARCH 13, 2007 TO MCCARTHY FOR $3,000 - Patio Bahia Incex10-5.htm
EX-14.1 - CODE OF BUSINESS CONDUCTS AND ETHICS - Patio Bahia Incex14-1.htm
EX-3.4 - BYLAWS - Patio Bahia Incex3-4.htm
EX-3.1 - ARTICLES OF INCORPORATION DATED NOVEMBER 25, 2002 - Patio Bahia Incex3-1.htm
EX-5.1 - OPINION AND CONSENT OF SCHNEIDER WEINBERGER & BEILLY LLP - Patio Bahia Incex5-1.htm
EX-10.1 - FORM OF SUBSCRIPTION AGREEMENT RELATING TO THE SALE OF COMMON STOCK IN A PRIVATE PLACEMENT OFFERING IN DECEMBER 2007/JANUARY 2008 - Patio Bahia Incex10-1.htm
EX-23.1 - CONSENT - Patio Bahia Incex23-1.htm
EX-3.2 - ARTICLES OF AMENDMENT DATED DECEMBER 29, 2004 - Patio Bahia Incex3-2.htm
EX-10.8 - PROMISSORY NOTE DATED AUGUST 15, 2007 TO MCCARTHY FOR $3,500 - Patio Bahia Incex10-8.htm
EX-10.6 - PROMISSORY NOTE DATED MAY 8, 2007 TO MCCARTHY FOR $5,000 - Patio Bahia Incex10-6.htm
EX-10.9 - PROMISSORY NOTE DATED SEPTEMBER 11, 2007 TO MCCARTHY FOR $2,500 - Patio Bahia Incex10-9.htm
EX-10.3 - EMPLOYMENT AGREEMENT DATED JUNE 13, 2007 BY AND BETWEEN PATIO BAHIA, INC. AND JEANNOT MCCARTHY - Patio Bahia Incex10-3.htm
EX-10.2 - 2007 STOCK OPTION AND STOCK AWARD PLAN - Patio Bahia Incex10-2.htm
EX-10.7 - PROMISSORY NOTE DATED JULY 3, 2007 TO MCCARTHY FOR $2,000 - Patio Bahia Incex10-7.htm
EX-10.10 - PROMISSORY NOTE DATED NOVEMBER 11, 2007 TO MCCARTHY FOR $1,200 - Patio Bahia Incex10-10.htm
Exhibit 10.11

 
AMENDMENT TO PROMISSORY NOTE

This Amendment to Promissory Note (“Amendment Agreement”) is by and between Jeannot McCarthy (“Holder”) and Patio Bahia, Inc., formerly known as Jeannot’s Furnishings of Florida, Inc., a Florida corporation ("Maker") and is entered into October 20, 2009 and effective as of May 8, 2009.

WHEREAS, Maker has delivered to the Holder that certain Promissory Note of the Maker (“Promissory Note”) dated May 8, 2007 in the principal amount of $5,000, which Promissory Note bears a maturity date of the earlier of (a) May 8, 2009 or (b) the date the Maker generates a minimum of $300,000 in revenues/sales (the “Maturity Date”), and all principal and interest due to date thereunder remain unpaid as of the date hereof.

WHEREAS, the parties have agreed to amend the Promissory Note to extend the Maturity Date..

WHEREAS, the Holder has all requisite power, authority, and capacity to enter into this Amendment Agreement.

NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained, and other good and valuable consideration, the receipt of which is hereby acknowledged, the Holder and the Maker hereby agree to amend and revise the Promissory Notes as follows:

1.  
Recitals.  The foregoing recitals are true and correct.

2.  
Extension of Maturity Date.  Maker and the Holders hereby agree to extend the Maturity Date of the Promissory Note, and the Maturity Date of the Promissory Note is hereby extended, to the earlier of (a) December 31, 2010, or (b) the date the Maker generates a minimum of $300,000 in revenues/sales.

3.  
No Other Changes.  Except as specifically set forth herein, all other terms and conditions of the Promissory Note remain in full force and effect.

4.  
Counterpart Signatures. This Amendment Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart.

IN WITNESS WHEREOF, this Amendment to Promissory Note is executed as of October 20, 2009 and effective May 8, 2009.

Patio Bahia, Inc.


By: ________________________________
Jeannot McCarthy, Chief Executive Officer


____________________________________
Jeannot McCarthy

Patio Bahia Inc Reports

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