Sample Loan Extension Agreement

This Loan Extension Agreement ("Agreement") is made and entered into as of [Date], by and between [Lender's Name], with an address at [Lender's Address] ("Lender"), and [Borrower's Name], with an address at [Borrower's Address] ("Borrower").

RECITALS

WHEREAS, Borrower and Lender entered into a Loan Agreement dated [Original Loan Date] (the "Original Loan Agreement") under which Lender agreed to make a loan to Borrower in the amount of [Original Loan Amount] (the "Loan");

WHEREAS, the original maturity date of the Loan was [Original Maturity Date], and Borrower is requesting an extension of the Loan’s maturity date;

WHEREAS, Lender is willing to extend the maturity date of the Loan on the terms and conditions set forth in this Agreement.

AGREEMENT

1. Extension of Maturity Date. The maturity date of the Loan, as set forth in the Original Loan Agreement, is hereby extended from [Original Maturity Date] to [New Maturity Date].

2. No Change in Terms. Except as expressly amended by this Agreement, all other terms and conditions of the Original Loan Agreement shall remain in full force and effect.

3. Interest Rate. The interest rate applicable to the Loan shall remain unchanged at [Interest Rate] per annum, as set forth in the Original Loan Agreement.

4. Payment Terms. Borrower agrees to continue making payments according to the original payment schedule as set forth in the Original Loan Agreement, but with the adjusted maturity date.

5. Representations and Warranties. Borrower represents and warrants that there are no defaults under the Original Loan Agreement as of the date of this Agreement, and that Borrower has the authority to enter into this Agreement.

6. No Waiver. The execution of this Agreement by Lender does not constitute a waiver of any other term or condition of the Original Loan Agreement.

7. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of [Governing State].

8. Miscellaneous.

a. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral, relating to the subject matter hereof.

b. Any amendments or modifications to this Agreement must be in writing and signed by both parties.

c. If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.

IN WITNESS WHEREOF, the parties have executed this Loan Extension Agreement as of the date first written above.

[Lender's Name]
By: ___________________________
Name: [Lender's Name]
Title: [Lender's Title]

[Borrower's Name]
By: ___________________________
Name: [Borrower's Name]
Title: [Borrower's Title]