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FOR GOOD AND VALUABLE CONSIDERATION reciprocally understood between ______________ and _______________, both parties mutually consent to performance extension as of this date ___________, 20 __, due to the following:
1. _____________ and _____________ have previously entered into an agreement dated ________, 20__.
2. Said agreement requires performance on or before ___________, 20___.
3. Both parties wish to extend the agreement.
Both parties to this contract agree to be bound by the following terms and conditions:
First. The due date of Performance shall be ___________, 20___.
Second. In all other respects, said agreement shall continue in full force and effect.