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

Q Lotus Holdings, Inc.   A Private Equity   Holding Company

500 N Dearborn St, Suite 605   Chicago, IL  60654   (312) 379-1800

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November 2, 2011

Southshore Real Estate Development, LLC

Four Executive Boulevard – Suite 200

Suffern, NY  10901

Attention: Josh Goldstein

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 December 2, 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 2nd day of November, 2011.

Southshore Real Estate Development, LLC

By:	/S/ Josh Goldstein

Josh Goldstein

Its:	General Partner