Amendment to Financing Agreement between Rosenthal & Rosenthal, Inc. and EDGAR Online, Inc. dated July 25, 2007

Summary

This amendment updates the financing agreement between Rosenthal & Rosenthal, Inc. and EDGAR Online, Inc., effective June 30, 2007. It changes the financial covenants by lowering the required Tangible Net Worth to $50,000 and increasing the allowable Working Capital deficit to $2,500,000, to be measured at the end of each fiscal quarter. All other terms of the original agreement remain unchanged.

EX-10.63 4 dex1063.htm AMENDMENT DATED JULY 25, 2007 TO FINANCING AGREEMENT Amendment dated July 25, 2007 to Financing Agreement

EXHIBIT 10.63

July 25, 2007

EDGAR ONLINE, INC

50 Washington St.

Norwalk, CT 06854

Gentlemen:

It is mutually agreed that the financing agreement entered into between us dated April 5, 2007 as amended or supplemented (the “Financing Agreement”) is amended effective June 30, 2007 as follows:

Section 6.9 of the Financing Agreement is amended by decreasing the Tangible Net Worth amount to $50,000.00 and increasing the Working Capital deficit amount to $2,500,000.00. The amended section shall now read as follows:

“6.9 Borrower shall until payment in full of all Obligations to Lender and termination of this Agreement (a) cause to be maintained at the end of each fiscal quarter (i.e., December, March, June, September), Tangible Net Worth in an amount not less than $50,000.00 and (b) cause to be maintained at the end of each such fiscal quarter, a Working Capital deficit of not more than $2,500,000.00.”

Except as hereinabove specifically set forth the Financing Agreement, shall continue unmodified.


ROSENTHAL & ROSENTHAL, NC.

By:		/s/ Ian Brown
		Ian Brown
		Vice President


THE FOREGOING IS ACKNOWLEDGED AND AGREED TO:

EDGAR ONLINE, INC.

BY:		/s/ Greg D. Adams

Name & Title:		CFO & CEO