Exhibit 10.4
VIZACOM INC.
0000 Xxxxxxxx Xxxxxxxx Xxxxxxx
Xxxxxxx, Xxx Xxxx 00000
December 28, 2001
Xxxxxxx & Xxxxxxxx, LLC
00 Xxxxxxx Xxxxxxxxx Xxxx.
Xxxxx 000
Xxxxxxx Xxxxx, Xxx Xxxx 00000
Attention: Xxxx X. Xxxxxxx, Esq.
Dear Xx. Xxxxxxx:
This letter shall serve to evidence the agreement by Xxxxxxx & Xxxxxxxx,
LLC ("K&M") to defer payment of the first two installments under the promissory
note, dated September 30, 2001, made by Vizacom Inc. (the "Company") in K&M's
favor in the aggregate principal amount of $439,654.85 (the "Note"), until the
earlier of (i) March 1, 2002, or (ii) the date of the first closing under a
private placement of the Company's common stock, par value $.001 per share, to
accredited investors as contemplated by the Letter of Intent dated September 7,
2001, between SpaceLogix, Inc. and the Company (the "Private Placement").
Interest shall continue to accrue during the deferment period. K&M also agrees
to reduce the prepayment due to K&M under the Note upon the closing of the
Private Placement from $150,000 to $125,000.
Please sign and return a copy of this letter to the undersigned to indicate
your acceptance of the terms set forth herein, whereupon this letter and your
acceptance shall constitute a binding agreement between you and the Company as
of the date hereof.
Sincerely,
VIZACOM INC.
By: /s/ Xxxxxxx XxXxxxxx
---------------------------
Xxxxxxx XxXxxxxx
President
Accepted and Agreed:
XXXXXXX & XXXXXXXX, LLC
By: /s/ Xxxx X. Xxxxxxx
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Xxxx X. Xxxxxxx
Member
