Amendment No. 2 to the Senior Secured Convertible Promissory Note original due date June 9, 2008
Amendment No. 2
to the Senior Secured Convertible Promissory Note
original due date June 9, 2008
This Amendment No. 2 (“Amendment”) is hereby made between FinancialContent Services, Inc. (“Maker”), and Jade Special Strategy, LLC (“Holder”) (hereinafter Maker and Holder each a “Party” and collectively “Parties”).
WHEREAS, FC was unable to pay the Senior Secured Convertible Promissory Note ( the “Note”) in full by December 31, 2007;
NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein, the Parties agree to modify the terms and conditions of the Note as follows:
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1) |
Maker agrees to increase the principal of the Note by $75,000; |
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2) |
Maker agrees to a one-time penalty of less than $50,000 to be determined no later than February 29, 2008. |
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their duly authorized representatives as of the date indicated below.
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FinancialContent, Inc. |
Jade Special Strategy, LLC |
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By: |
/s/_______________________ |
By: |
/s/________________________ |
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Name: Wing Yu |
Name: Xxxxx Xxxxxx |
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Title: Chief Executive Officer |
Title: Manager |
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Date: December 31, 2007 |
Date: December 31, 2007 |
