Q Lotus Holdings, Inc.A Private EquityHolding Company 500 N Dearborn St, Suite 605Chicago, IL60654(312) 379-1800

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September 6, 2011

Southshore Real Estate Development, LLC

Four Executive Boulevard – Suite 200

Suffern, NY  10901

Attention: Josh Goldstein

 

Re:  7th Amendment to Promissory Note

Dear Josh:

In accordance with our discussions, Q Lotus Holdings, Inc. and Southshore Real Estate Development, LLC hereby agree to further amend the Promissory Note dated February 23, 2011 (as amended, supplemented or otherwise modified from time to time) between Q Lotus Holdings, Inc. and Southshore Real Estate Development, LLC in the amount of two hundred thousand dollars ($200,000) such that, notwithstanding anything contained in the Promissory Note to the contrary:

1.	The Maturity Date for the aggregate principal balance equal to Five Hundred Forty Four Thousand Dollars ($544,000) is hereby extended to September 21, 2011.

Please acknowledge your acceptance of the above change by executing this amendment below.

Q Lotus Holdings, Inc.                                           

By:          /S/ Gary Rosenberg                                  

Gary Rosenberg

Its:          CEO

Understood and Agreed to this 6TH day of September, 2011.

Southshore Real Estate Development, LLC

By:          /S/ Gary Rosenberg                                                                                              

Josh Goldstein

Its:          General Partner