Amendment No. 2 to Senior Secured Convertible Promissory Note between FinancialContent Services, Inc. and Jade Special Strategy, LLC
This amendment is an agreement between FinancialContent Services, Inc. and Jade Special Strategy, LLC to modify the terms of a Senior Secured Convertible Promissory Note. The amendment increases the principal amount of the note by $75,000 and imposes a one-time penalty of less than $50,000, with the exact amount to be determined by February 29, 2008. The amendment is effective as of December 31, 2007, and is signed by authorized representatives of both parties.
Amendment No. 2
to the Senior Secured Convertible Promissory Note
original due date June 9, 2008
This Amendment No. 2 (“Amendment”) is hereby made between FinancialContent Services, Inc. (“Maker”), and Jade Special Strategy, LLC (“Holder”) (hereinafter Maker and Holder each a “Party” and collectively “Parties”).
WHEREAS, FC was unable to pay the Senior Secured Convertible Promissory Note ( the “Note”) in full by December 31, 2007;
NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein, the Parties agree to modify the terms and conditions of the Note as follows:
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| 1) | Maker agrees to increase the principal of the Note by $75,000; |
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| 2) | Maker agrees to a one-time penalty of less than $50,000 to be determined no later than February 29, 2008. |
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their duly authorized representatives as of the date indicated below.
| FinancialContent, Inc. | Jade Special Strategy, LLC |
| By: | /s/_______________________ | By: | /s/________________________ |
| Name: Wing Yu | Name: David Propis |
| Title: Chief Executive Officer | Title: Manager |
| Date: December 31, 2007 | Date: December 31, 2007 |
