Extension Agreement for Convertible Bridge Notes between Juma Technology Corp., Nectar Services Corp., and Vision Funds
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Summary
Juma Technology Corp. and Nectar Services Corp. have agreed with Vision Opportunity Master Fund Ltd. and Vision Capital Advantage Fund L.P. to extend the maturity dates of several convertible bridge notes. The original maturity date for each note is changed from May 21, 2010, to November 29, 2010. All parties have consented to this extension, which affects multiple notes with varying principal amounts. No other terms of the notes are changed by this agreement.
EX-4.1 2 v186697_ex4-1.htm Unassociated Document
Exhibit 4.1
Vision Opportunity Master Fund Ltd.
Vision Capital Advantage Fund L.P.
20 W 55th St., 5th Floor
New York, NY 10019
May 21, 2010
Anthony M Servidio, CEO and Chairman
Juma Technology Corp.
David Giangano, President
Nectar Services Corp.
154 Toledo St.
Farmingdale, NY 11735
| Re: | Juma Technology Corp. (the “Company”) and Nectar Services Corp. (“Nectar”) with Vision Opportunity Master Fund Ltd. and Vision Capital Advantage Fund L.P. (each, a “Holder”)-Extension of Maturity Dates under Notes |
Dear Anthony:
This confirms our recent conversations:
Reference is made to those certain convertible notes described below (collectively, the “Notes”), which were issued by the Company and Nectar, as Maker, to the specified entity, as Holder. Capitalized terms used and not otherwise defined herein shall have the meanings set forth for such terms in applicable Note.
| Note | Principal | Current Holder | Issue Date | Original Maturity Date |
| 10% Convertible Bridge Note | $4,542,500 | Vision Opportunity Master Fund, Ltd. | 5/21/2009 | 5/21/2010 |
| 10% Convertible Bridge Note | $1,036,280.53 | Vision Capital Advantage Fund, LP | 9/24/2009 | 5/21/2010 |
| 10% Convertible Bridge Note | $500,000 | Vision Opportunity Master Fund, Ltd. | 12/23/2009 | 5/21/2010 |
| 10% Convertible Bridge Note | $500,000 | Vision Opportunity Master Fund, Ltd. | 1/28/2010 | 5/21/2010 |
| 10% Convertible Bridge Note | $500,000 | Vision Opportunity Master Fund, Ltd. | 2/25/2010 | 5/21/2010 |
| 10% Convertible Bridge Note | $2,000,000 | Vision Opportunity Master Fund, Ltd. | 3/31/2010 | 5/21/2010 |
For good and valuable consideration, the sufficiency and receipt of which is hereby acknowledged, the Maker and Holder hereby extend the original Maturity Date set forth in each Note to November 29, 2010.
| Sincerely, | |
| VISION OPPORTUNITY MASTER FUND, LTD. | |
| By:_____________________________________ Name: Title: | |
| VISION CAPITAL ADVANTAGE FUND, L.P. By: VCAF GP, LLC, its General Partner | |
| By:_____________________________________ Name: Title: |
Read, consented and agreed to:
Juma Technology Corp.
By: _______________________________
Name:
Title:
Nectar Services Corp.
By: _______________________________
Name:
Title:
