letterhead of David S. Hamilton] Joseph M. Naughton, President Go Online Networks Corporation 5681 Beach Boulevard, Suite 101 Buena Park, CA 90621 Dear Mr. Naughton: As a result of discussion between Triton's representative and Go Online Networks...Convertible Promissory Note Extension Agreement • June 11th, 2002 • Go Online Networks Corp • Services-business services, nec
As a result of discussion between Triton's representative and Go Online Networks Corporation ("GONT"), I understand that Triton and GONT have agreed as follows: (i) effective as of January 1, 2002, the "Maturity Date", GONT's Series 2000-A Eight Percent (8%) Convertible Promissory Note to Triton in the original principal amount of $705,882.35(the "Triton Note") has been extended to January 1, 2003, (ii) in consideration for Triton's agreement to such extension, GONT shall promptly issue Triton a warrant for the purchase of 1,000,000 shares of GONT restricted common stock at $.002 per share and a warrant for the purchase of an additional 1,000,000 shares of GONT common stock at $0.05 per share, each warrant to be non-callable and exercisable until 5:00pm, California time, on February 27, 2007 (with exercise to be for cash or on a cashless but for Triton's discretion), and (iii) except as expressly set forth herein, all of the terms and provisions of the Triton Note and other agreements
