Document:

EX-10.10

 Exhibit 10.10 

 
 

 
 LOAN EXTENSION AGREEMENT 
 Account Number 10202200978 
 This Loan Extension Agreement
(hereinafter referred to as “Agreement”) made and entered into this 1st day of April, 2005, by and between Intellinetics Inc. (collectively referred to as “Borrower”), and The Delaware County Bank and Trust Company, 110 Riverbend Avenue, Lewis Center, Ohio 43035
(hereinafter referred to as “Lender”). 
 WHEREAS, the Borrower executed and delivered to the Lender a certain
Promissory Note dated March 24, 2004, for the principal sum of $201,024.00; that Matured on April 1, 2005, and 

WHEREAS, the parties hereto desire to modify the original Note to extend the maturity date on said Note: 

NOW THEREFORE, for valuable consideration, the receipt of which is hereby acknowledged the parties hereto agree as follows: 

1. The maturity date on said Note shall be April 15, 2006. 
 All other terms and conditions in the original Note shall remain in full force and effect and the parties hereto agree that the only purpose of this Extension Agreement is to change the maturity date.

 IN WITNESS WHEREOF, Borrower and Lender have executed this Agreement this 1st day of April, 2005 

 

									
	LENDER:	 		 	BORROWER:
			
	 THE DELAWARE COUNTY BANK
 AND TRUST COMPANY
	 		 	INTELLINETICS INC.
					
	By:	 	/s/     James L. Bandeen        	 		 	By:	 	/s/     Matthew L. Chretein        
		 	James L. Bandeen	 		 		 	Matthew L. Chretein
		 	Assistant Vice President	 		 		 	President

									
			
	COSIGNER:	 		 	
					
	BY:	 	/s/     Matthew L. Chretein        	 		 	BY:	 	/s/     Robert J. D’Orazio        
		 	 Matthew L. Chretein

Individually
	 		 		 	 Robert J. D’Orazio

Individually

									
					
	BY:	 	/s/     A. Michael Chretein        	 		 		 	$258.26 Interest due as of April 1, 2005
		 	 A. Michael Chretein

Individually
	 		 		 	

 110 Riverbend Avenue, P.O. Box 1001, Lewis Center, Ohio 43035 

(740) 657-7000 • webdcb.comEX-10.11

 Exhibit 10.11 
 NOTE EXTENSION AGREEMENT 
 Account #10202200978 

This Loan Extension Agreement (hereinafter referred to as “Agreement”) made and entered into this 26th day of May, 2006, by and between Intellinetics, Inc. and cosigners
A. Michael Chretein, Matthew L. Chretein, and Robert J. D’Orazio (hereinafter referred to as “Borrowers”), and The Delaware County Bank and Trust Company, 110 Riverbend Avenue, Lewis Center, Ohio (hereinafter referred to as
“Lender”). 
 WHEREAS, the Borrowers executed and delivered to the Lender a certain Promissory Note dated
March 24, 2004 for the principal sum of $201,024.00; that matured on April 15, 2006, and has a current balance of $201,024.00, and 
 WHEREAS, the parties hereto desire to modify the original Note to extend the maturity date on said Note; 
 NOW THEREFORE, for valuable consideration, the receipt of which is hereby acknowledged the parties hereto agree as follows: 
 1. The maturity date on said Note shall be extended until April 15, 2007. 

All other terms and conditions in the original Note shall remain in full force and effect and the parties hereto agree that the only
purpose of this Extension Agreement is to change the maturity date. 
 IN WITNESS WHEREOF, Borrowers and
Lender have executed this Agreement this 26th day of May,
2006. 
  

									
	LENDER:	 		 	BORROWER:
			
	 THE DELAWARE COUNTY BANK
 AND TRUST COMPANY
	 		 	INTELLINETICS, INC.
					
	BY:	 	/s/     JAMES L. BANDEEN        	 		 	BY:	 	/s/     A. MICHAEL CHRETEIN        
		 	JAMES L. BANDEEN	 		 		 	A. MICHAEL CHRETEIN, Vice President
		 		 		 	

									
			
		 		 	COSIGNERS:
					
		 		 		 	BY:	 	/s/     A. MICHAEL CHRETEIN        
		 		 		 		 	A. MICHAEL CHRETEIN

									
		 		 	
					
		 		 		 	BY:	 	/s/     MATTHEW L. CHRETEIN        
		 		 		 		 	MATTHEW L. CHRETEIN

									
		 		 	
					
		 		 		 	BY:	 	/s/     ROBERT J. D’ORAZIO        
		 		 		 		 	ROBERT J. D’ORAZIOEX-10.12

 Exhibit 10.12 

 
 

 
 MODIFICATION AGREEMENT 
 PURPOSE OF MODIFICATION 
 (check one) Renewal x
Extension  ̈ Modification  ̈ 
 This Modification
Agreement, hereinafter referred to as “Modification”, entered into this 23th day of April, 2007, by and among INTELLINETICS, INC., by Matthew L. Chretein, President, (referred to as “Borrower”), Matthew L.
Chretein, A. Michael Chretein, and Robert J. D’Orazio, (collectively referred to as “cosigner”), and The Delaware County Bank and Trust Company, 110 Riverbend Avenue, Lewis Center, Ohio, 43035, (hereinafter referred to
as “Lender”). 
 RECITALS 
 Lender has made a loan to Borrower dated March 24, 2004, for the principal sum of $201,024.00 loan number 10202200978, the note and any modifications or amendments thereto shall hereinafter be
referred to as “Note”. Said Note is secured by the following collateral: All Inventory, Chattel Paper, Accounts, Equipment and General Intangibles; whether any of the foregoing is owned now or acquired later; all accessions, additions,
replacements, and substitutions relating to any of the foregoing; all records of any kind relating to any of the foregoing; all proceeds relating to any of the foregoing (including insurance, general intangibles and accounts proceeds) of
INTELLINETICS, INC., and Trust Agency Account of Robert J. D’Orazio, account # 6016 in the amount of $200,000.00. As part of the loan transaction, Borrower executed certain security agreements, financing statements and other documents,
hereinafter referred to as “Loan Documents”. Said note and loan documents were previously modified on the following dates: April 1, 2005, May 25, 2006. 
 Borrower and Cosigners, desires to enter into this modification agreement in order to: 
  

	1.		x	 Renew a line of credit note for business working capital 

 

	2.		 ̈	 Extend the maturity date of note by restructuring payments 

 

	3.		 ̈	 Grant the Lender additional collateral for this loan 

 

	4.		 ̈	 Establish a new plan for the repayment of this loan 

 

	5.		 ̈	 Change the rate of interest or other terms of the loan documents 

 

	6.		 ̈	 Other 

 110 Riverbend Avenue, P.O. Box 1001, Lewis Center, Ohio 43035-1001 
 (740) 657-7000
• webdcb.com 

  
 1 

 AGREEMENT 
 NOW, THEREFORE, in consideration of the Lender agreeing to the above modifications, the parties agree as follows: 
 1. Liability of Borrower. Borrower hereby ratifies and reconfirms Borrower’s obligations and all liability to Lender under the terms and conditions of the Note and Loan Documents, and
acknowledges that Borrower has no defenses to or rights of setoff against Borrower’s obligations and all liability to Lender thereunder. Borrower hereby further acknowledges that Lender has performed all of Lender’s obligations under the
Loan Documents arising as of or before the date hereof. Borrower hereby further acknowledges and agrees that the current principal amount outstanding under the Note as of the date hereof is $200,093.10, with an interest rate of 8.25% equal to a per
diem of $45.85466. 
 2. Renewal of Term: The Note and Loan Documents are hereby modified to revise the
maturity date to April 30, 2008. All other terms and conditions are to remain the same. 
 3.
Modification Fee. In consideration for Lender granting the modifications set forth above, Borrower shall pay Lender a non-refundable loan modification fee in the amount of $250.00 upon the execution hereof. In addition to the loan extension
fee, Borrower shall pay all costs and expenses incurred by Lender in connection with this Modification, including, without limitation, all title insurance costs, recording fees and attorney’s fees, and other applicable out of pocket expenses.

 4. Ratification of Loan Documents. The Loan Documents are in all respects ratified and confirmed by
the parties hereto, including the warrants of attorney authorizing any attorney at law to appear in any court and to confess a judgment against Borrower and incorporated by reference herein, and the Loan Documents and this Modification shall be
read, taken and construed as one and the same instrument. Borrower and Grantor further acknowledges and agrees that all security agreements, financing statements, documents, instruments, certificates, affidavits and other security documents taken as
collateral for the Note are intended to and shall continue to secure the Loan and shall remain in full force and effect. 
 5. Continuation of Mortgage Lien and Security Interests. This Modification does not constitute the creation of a new debt or the extinguishment of the debt evidenced by the Note, nor does it in any
manner affect or impair the Mortgage or any security agreement executed in connection with the Note or applicable to the Note. Borrower and Grantor agree the Mortgage and all other security interests granted by Borrower and Grantor to Lender
continue to be valid and existing liens on the property described in the Mortgage and the Loan Documents. 

  
 2 

 6. Jury Waiver. LENDER, BORROWER AND GUARANTORS HEREBY
VOLUNTARILY, IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE, BETWEEN LENDER, BORROWER AND/OR ANY ONE OR MORE GUARANTORS, ARISING OUT OF, OR IN
CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED BETWEEN BORROWER, GUARANTORS AND LENDER IN CONNECTION WITH THE LOAN DOCUMENTS, THE GUARANTY, THIS MODIFICATION, OR ANY OTHER AGREEMENT OR DOCUMENT EXECUTED OR DELIVERED IN
CONNECTION HEREWITH OR THE TRANSACTIONS RELATED HERETO. THIS PROVISION IS A MATERIAL INDUCEMENT TO LENDER TO ENTER INTO THIS MODIFICATION AND SHALL NOT IN ANY WAY AFFECT, LIMIT, AMEND OR MODIFY LENDER’S ABILITY TO PURSUE ITS REMEDIES INCLUDING,
BUT NOT LIMITED TO, ANY CONFESSION OF JUDGMENT OR COGNOVIT PROVISION CONTAINED IN THE LOAN DOCUMENTS, THE GUARANTY, THIS MODIFICATION, THE NOTE OR ANY OTHER DOCUMENT OR AGREEMENT RELATED HERETO. 

7. No Course of Dealing, Waiver. Borrower expressly acknowledges and agrees that the execution of this
Modification shall not constitute a waiver of and shall not preclude the exercise of any right, power or remedy granted to Lender in any of the Loan Documents, or as provided by law, except to the extent expressly provided herein. No previous
modification, extension or compromise entered into with respect to any indebtedness of Borrower to Lender shall constitute a course of dealing or be inferred or construed as constituting an express or implied understanding to enter into any future
modification, extension or compromise. No delay on the part of Lender in exercising any right, power or remedy shall operate as a waiver thereof or otherwise prejudice Lender’s rights, powers or remedies. 

8. Counterpart Signatures. This Modification may be signed by the parties in multiple, separate counterparts
which, when taken together shall constitute one and the same document. 
 9. Governing Law. This
Modification shall be interpreted and construed in accordance with and governed by the laws of the State of Ohio. Both parties agree that in the event of a dispute relating to this modification, the parties hereto consent to the jurisdiction of the
Courts of Delaware County, Ohio. 
 10. Severability. The parties agree that all the provisions of this
Modification are severable. In the event any provision of this Modification is determined to be unenforceable, the parties hereto agree that only that provision shall be deleted, and all the remaining provisions shall continue to be enforceable.
Each party has reviewed this Modification and has had the opportunity to review it with counsel of its choice. 

  
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 NOTICE: FOR PURPOSE OF THE FOLLOWING NOTICE, “YOU” means Borrower and “HIS” means
Lender. 
 WARNING—BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY
BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OFF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE
AGREEMENT, OR ANY OTHER CAUSE. 
 IN WITNESS WHEREOF the parties hereto have set their hands this 23rd day of April, 2007 

LENDER: 
 The Delaware County Bank and Trust
Company 
  

			
		
	By:	 	/s/     James L. Bandeen        
		 	James L. Bandeen, Vice President

  

			
	 BORROWER:

INTELLINETICS, INC.

		
	By:	 	/s/    Matthew L. Chretein         
		 	Matthew L. Chretein, President

  

									
	COSIGNER:	 		 	
					
	By:	 	/s/    Matthew L. Chretein        	 		 	By:	 	/s/    Robert J. D’Orazio        
		 	Matthew L. Chretein, Individually	 		 		 	Robert J. D’Orazio, Individually

  

			
		
	By:	 	/s/    A. Michael Chretein         
		 	A. Michael Chretein, Individually

  

							
	Renewal Fee:	  	$250.00	  	 	  	 
	 Interest Due 4/15/07:
	  	$2,292.75	  		  	
	 Total Due:
	  	$2,542.75	  		  	

  
 4

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