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EXHIBIT 10.06
 
Amendment No. 2 to that certain Convertible Note dated as of July 29, 2004 in
the principal sum of $100,000, as amended by Amendment 1, dated March 27, 2008
(“Note”).
 
For good and valuable consideration, the parties to the Note amend the Note (i)
to extend the First Maturity Date and the Final Maturity date to January 1, 2010
so that the entire Principal Sum is due and payable on January 1, 2010 and (ii)
to decrease the accrued interest rate so that the Note accrues interest from and
after January 1, 2009 at the prime rate of Citibank in effect from time to time
plus 2%.
 
Except as set forth above, the Note is hereby ratified and confirmed in all
respects.
 
Dated: February 12, 2009
 
Colonial Commercial Corp.
 
By:
/s/ William Pagano
 
/s/ Rita Folger
Name:
William Pagano, Chief Executive Officer
 
Rita Folger

 
 

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