--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Moody National Reit I, Inc. 8-K [moody-8k_0607.htm]
EXHIBIT 10.13
 
FIRST AMENDMENT TO PROMISSORY NOTE

 
This First Amendment (“Amendment”) to the Promissory Note (the “Note”) dated May
27, 2010 is hereby entered into by Moody National RI Perimeter REIT JV Member,
LLC, a Delaware limited liability company (the “Maker”) and Moody National RI
Perimeter TO, LLC, a Delaware limited liability company (the “Payee”), effective
as of June 3, 2011.
 
WHEREAS, the Note has a Maturity Date of May 27, 2011 and Payee and Maker desire
to extend the Maturity Date of the Note to May 27, 2012.
 
NOW, THEREFORE, in exchange for the foregoing, together with other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereby agree as follows:
 
1. The Maturity Date of the Note shall be May 27, 2012, and all references to
the Maturity Date in the Note shall mean May 27, 2012.
 
2. As amended hereby, the Agreement shall continue in full force and effect.
 
3. This Amendment may be executed in several counterparts, and all so executed
shall constitute one Agreement, binding on all of the parties hereto,
notwithstanding that all of the parties are not signatory to the original or the
same counterpart.
 

    MAKER:          
Moody National Perimeter REIT JV Member, LLC,
a Delaware limited liability company
               
By:
/s/ Brett C. Moody
   
 
 Brett C. Moody, President    
 
                      PAYEE:          
Moody National RI Perimeter TO, LLC,
a Delaware limited liability company
                    By:  /s/ Brett C. Moody       Brett C. Moody, President