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Summary of Terms of the Second Extension Agreement

Extension Agreement

Summary of Terms of the Second Extension Agreement | Document Parties: COLLEGE PARTNERSHIP INC | Waldrop Enterprises You are currently viewing:
This Extension Agreement involves

COLLEGE PARTNERSHIP INC | Waldrop Enterprises

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Title: Summary of Terms of the Second Extension Agreement
Date: 12/30/2005
Industry: Consumer Financial Services     Sector: Financial

Summary of Terms of the Second Extension Agreement, Parties: college partnership inc , waldrop enterprises
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Summary of Terms of the Second Extension Agreement between Netword Publishing, Inc. and Waldrop Enterprises d/b/a Vision Direct Marketing, a subsidiary of College Partnership, Inc., dated as of December 20, 2005

 

 

1.   Netword Publishing, Inc. (“ Netword ”) and Waldrop Enterprises (“ Waldrop ”) agreed to extend the term of an Extension Agreement between Netword and Waldrop, dated as of November 4, 2005, from December 20, 2005 until December 31, 2005 (the “ Extension Agreement ”).

 

2.   Waldrop agreed to pay Netword $5,000 per week, to be made in daily installments of $1,000 payable on each business day until December 31, 2005.

 

3.   Upon a failure of Waldrop to make any such payments set forth in paragraph 2 above,


 
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