ALLONGE TO NOTE
THIS
ALLONGE TO NOTE ("Allonge") is made and entered into as of the 29th day of
December 2009, by SteelCloud, Inc., a Virginia corporation
("Borrower") and Caledonia Capital Corporation, a Delaware Corporation
("Lender").
1. REPRESENTATION
AND WARRANTY. Lender represents and warrants that it is the holder of
the Note and the Note has not been transferred. Lender further
warrants that this Allonge will be attached to the Note as part
thereof.
2. MATURITY
DATE. Section 1.1 of the Note is amended by changing the Maturity
Date to March 31, 2010.
Notwithstanding
the foregoing, effective January 1, 2010, (a) the unpaid principal amount
hereunder shall thereafter accrue interest at a rate of interest equal to twenty
percent per annum (20%) which shall thereafter be the Contract Rate, and (b)
accrued interest under this Note shall be payable in monthly installments
commencing February 1, 2010, and continuing on the first business day of each
successive month.
5. MISCELLANOUS.
The terms of the Note except as specifically set forth herein, shall not be
deemed modified or changed. It is specifically agreed that the Note
has not been satisfied hereby. It is the express agreement of the parties that
this Allonge is not either: (1) a novation of the loan evidenced by the Note, or
(ii) a substitution of any new debt or liability to Lender for any existing debt
or liability.
WITNESS
the following signatures and seals made as of the day and year first above
written.
BORROWER:
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/s/ Xxxxx Xxxxxx
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SteelCloud,
Inc. by Xxxxx Xxxxxx, its President
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LENDER:
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Caledonia
Capital Corporation by Xxxxxx X. Xxxxxxx, its
President
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