Amendment No. 2 to the Senior Secured Convertible Promissory Note original due date June 9, 2008
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:
|
| 1) | Maker agrees to increase the principal of the Note by $75,000; |
|
| 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 |
