December 31, 2008
Exhibit
10.6
December
31, 2008
This
document memorializes the agreement whereby Nutmeg, LLC agrees to accept the
2,975,000 collateral shares issued and held in escrow in conjunction with a
$200,000 Secured Convertible Notes dated September 26, 2006 and a $97,500
Secured Convertible Note dated October 31, 2006 between Secured Financial
Network, Inc. and The Nutmeg Group, L.L.C.
The
Nutmeg Group L.L.C. is accepting the shares in exchange for the accrued interest
on the two Notes through December 31, 2008.
The
amount of said accrued interest is $96,313.64.
The
Parties reaffirm the Addendum to the $200,000 and $97,500 Secured Financial
Network, Inc. Convertible Notes Dated September 26, 2006 And October 26, 2006,
bearing an Effective date of December 31, 2008.
Agreed to
this day:
/s/
Xxxxxxx X. Xxxxxxxx
Xxxxxxx
X. Xxxxxxxx – Manager
The
Nutmeg Group, LLC
/s/
Xxxxxxx X. Xxxxxxx
Xxxxxxx
X. Xxxxxxx – President
