Exhibit 10.83
SDR METRO INC.
00000 Xxxxxxxx Xx. -- Xxxxxx, XX 00000
000-000-0000 -- Fax 000-000-0000
February 8, 2004
Xxxx X. Xxxxxx
Invisa Inc.
0000 Xxxxxxxxxxxx Xxxxx
Xxxxxxxx, XX 00000
000-000-0000
Dear Herb,
This letter is to reconfirm our agreement to further extend the $600,000 payment
due described in the Note between Radio Metrix Inc. and SDR Metro Inc. dated
January 8, 2002 (the "Note"). The extension terms are as follows:
SDR Metro Inc. agrees to accept $250,000 as full and final payment of the Note
if the following installment payment schedule is maintained. Otherwise, if the
entire installment payment is not received on or before the due dates listed
below then the entire $600,000 payment minus any installment payments will be
due immediately and the Note will be in default. All other terms and conditions
remain the same including the 180-day period for right of redemption (described
in the Remedy Upon Default Agreement dated January 8th, 2002).
Payment Schedule:
Installment #1 - $100,000 due on or before February 8th, 2004.
Installment #2 - $ 75,000 due on or before March 8th, 2004.
Installment #3 - $ 75,000 plus quarterly 8% interest (according to Note) due
on or before April 8th, 2004.
Agreed and Accepted,
By: /s/ Xxxxx X.X. Xxxxx By: /s/ Xxxx X. Xxxxxx
----------------------- ------------------------
Xxxxx X.X. Xxxxx Xxxx X. Xxxxxx
President President and CEO
SDR Metro, Inc. Invisa, Inc. (parent company of
Radio Metrix)
