0000950135-04-000257 Sample Contracts

PROMISSORY NOTE
Promissory Note • January 22nd, 2004 • Navisite Inc • Services-business services, nec • New York
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January 16, 2004 Mr. Arthur Becker Chief Executive Officer NAVISITE, INC. 400 Minuteman Road Andover, MA 01810 Re: Extension of Term In connection with that certain Loan and Security Agreement (the "Agreement"), dated as of January 29, 2003 between...
Loan and Security Agreement • January 22nd, 2004 • Navisite Inc • Services-business services, nec

In connection with that certain Loan and Security Agreement (the "Agreement"), dated as of January 29, 2003 between Atlantic Investors, LLC ("Lender") and NaviSite, Inc. ("Borrower"), this letter serves to notify Borrower that any and all Credit Advances under the Agreement made prior to, or following the date of this letter shall be due on or before the earlier of (i) August 1, 2004 or (ii) five (5) business days following the closing of a financing transaction or disposition pursuant to which the Borrower receives gross proceeds of $13 million.

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