ex10_05.htm








EXHIBIT 10.05


 



Amendment and Restatement No. 2 dated October 14, 2011 of Schedule 1 to the Promissory Note dated March 24, 2010 by Universal Supply Group, Inc., as such schedule was amended and restated on April 13, 2011, in favor of Goodman Company, L.P., Goodman Manufacturing Company, L.P., and Goodman Sales Company in the original principal sum of $2,000,000 (the “Note”).







Schedule 1 to the Note is hereby amended and restated in its entirety to read as set forth in Exhibit 1.


 



Except as set forth above, the Note is ratified and confirmed in all respects.







Dated: October 14, 2011


 




	UNIVERSAL SUPPLY GROUP, INC.	
GOODMAN COMPANY, L.P.


	 	 
	 	 
	By:	 	 	By:	 	 
	Name: William Pagano, President	Name: 
	 	
Title: 


	 	 
	 	GOODMAN MANUFACTURING COMPANY, 
	 	L.P.
	 	 
	 	 
	 	By:	 	 
	 	Name:
	 	Title:
	 	 
	 	GOODMAN SALES COMPANY
	 	 
	 	 
	 	By: 	 	 
	 	Name:
	 	Title:







 




  





  











  








 





	
ENTER IN THE FOLLOWING INFORMATION:

	 	 	 	 
	  	 	
Loan Amount

	 	 	 	 	 	 	1,299,679.63	 	 	 	 
	  	 	
Interest Rate

	 	 	 	 	 	 	8.00	%	 	 	 
	  	 	
Term (Months: 180=15 years, 360=30 years)

	 	 	 	60	 	 	 	 
	  	 	 	 	 	 	 	 	 	 	 	 	 	 
	  	 	 	 	 	 	 	 	$	26,352.817	 	 	 	 
	
YOUR MORTGAGE PAYMENT:

	 	 	 	 	 	 	$	29,195.00	 
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
Due Date

	 	
Payment

	 	 	
Interest

	 	 	
Principal

	 	 	
Balance

	 
	
11/24/2011

	 	$	29,195.00	 	 	$	8,664.53	 	 	$	20,530.47	 	 	$	1,279,149.16	 
	
12/24/2011

	 	$	29,195.00	 	 	$	8,527.66	 	 	$	20,667.34	 	 	$	1,258,481.82	 
	
1/24/2012

	 	$	29,195.00	 	 	$	8,389.88	 	 	$	20,805.12	 	 	$	1,237,676.70	 
	
2/24/2012

	 	$	29,195.00	 	 	$	8,251.18	 	 	$	20,943.82	 	 	$	1,216,732.88	 
	
3/24/2012

	 	$	29,195.00	 	 	$	8,111.55	 	 	$	21,083.45	 	 	$	1,195,649.43	 
	
4/24/2012

	 	$	29,195.00	 	 	$	7,971.00	 	 	$	21,224.00	 	 	$	1,174,425.43	 
	
5/24/2012

	 	$	29,195.00	 	 	$	7,829.50	 	 	$	21,365.50	 	 	$	1,153,059.93	 
	
6/24/2012

	 	$	29,195.00	 	 	$	7,687.07	 	 	$	21,507.93	 	 	$	1,131,552.00	 
	
7/24/2012

	 	$	29,195.00	 	 	$	7,543.68	 	 	$	21,651.32	 	 	$	1,109,900.68	 
	
8/24/2012

	 	$	29,195.00	 	 	$	7,399.34	 	 	$	21,795.66	 	 	$	1,088,105.01	 
	
9/24/2012

	 	$	29,195.00	 	 	$	7,254.03	 	 	$	21,940.97	 	 	$	1,066,164.05	 
	
10/24/2012

	 	$	29,195.00	 	 	$	7,107.76	 	 	$	22,087.24	 	 	$	1,044,076.81	 
	
11/24/2012

	 	$	29,195.00	 	 	$	6,960.51	 	 	$	22,234.49	 	 	$	1,021,842.32	 
	
12/24/2012

	 	$	29,195.00	 	 	$	6,812.28	 	 	$	22,382.72	 	 	$	999,459.60	 
	
1/24/2013

	 	$	29,195.00	 	 	$	6,663.06	 	 	$	22,531.94	 	 	$	976,927.67	 
	
2/24/2013

	 	$	29,195.00	 	 	$	6,512.85	 	 	$	22,682.15	 	 	$	954,245.52	 
	
3/24/2013

	 	$	29,195.00	 	 	$	6,361.64	 	 	$	22,833.36	 	 	$	931,412.15	 
	
4/24/2013

	 	$	29,195.00	 	 	$	6,209.41	 	 	$	22,985.59	 	 	$	908,426.57	 
	
5/24/2013

	 	$	29,195.00	 	 	$	6,056.18	 	 	$	23,138.82	 	 	$	885,287.75	 
	
6/24/2013

	 	$	29,195.00	 	 	$	5,901.92	 	 	$	23,293.08	 	 	$	861,994.66	 
	
7/24/2013

	 	$	29,195.00	 	 	$	5,746.63	 	 	$	23,448.37	 	 	$	838,546.30	 
	
8/24/2013

	 	$	29,195.00	 	 	$	5,590.31	 	 	$	23,604.69	 	 	$	814,941.60	 
	
9/24/2013

	 	$	29,195.00	 	 	$	5,432.94	 	 	$	23,762.06	 	 	$	791,179.55	 
	
10/24/2013

	 	$	29,195.00	 	 	$	5,274.53	 	 	$	23,920.47	 	 	$	767,259.08	 
	
11/24/2013

	 	$	29,195.00	 	 	$	5,115.06	 	 	$	24,079.94	 	 	$	743,179.14	 
	
12/24/2013

	 	$	29,195.00	 	 	$	4,954.53	 	 	$	24,240.47	 	 	$	718,938.67	 
	
1/24/2014

	 	$	29,195.00	 	 	$	4,792.92	 	 	$	24,402.08	 	 	$	694,536.59	 
	
2/24/2014

	 	$	29,195.00	 	 	$	4,630.24	 	 	$	24,564.76	 	 	$	669,971.83	 
	
3/24/2014

	 	$	29,195.00	 	 	$	4,466.48	 	 	$	24,728.52	 	 	$	645,243.31	 
	
4/24/2014

	 	$	29,195.00	 	 	$	4,301.62	 	 	$	24,893.38	 	 	$	620,349.94	 
	
5/24/2014

	 	$	29,195.00	 	 	$	4,135.67	 	 	$	25,059.33	 	 	$	595,290.60	 
	
6/24/2014

	 	$	29,195.00	 	 	$	3,968.60	 	 	$	25,226.40	 	 	$	570,064.21	 
	
7/24/2014

	 	$	29,195.00	 	 	$	3,800.43	 	 	$	25,394.57	 	 	$	544,669.63	 
	
8/24/2014

	 	$	29,195.00	 	 	$	3,631.13	 	 	$	25,563.87	 	 	$	519,105.76	 
	
9/24/2014

	 	$	29,195.00	 	 	$	3,460.71	 	 	$	25,734.29	 	 	$	493,371.47	 
	
10/24/2014

	 	$	29,195.00	 	 	$	3,289.14	 	 	$	25,905.86	 	 	$	467,465.61	 
	
11/24/2014

	 	$	470,582.05	 	 	$	3,116.44	 	 	$	467,465.61	 	 	$	0.00	 
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	  	 	$	1,521,602.05	 	 	$	221,922.42	 	 	$	1,299,679.63	 	 	 	 	 
	  	 	
Total payments

	 	 	
Total interest

	 	 	
Total Principal