NOTE MODIFICATION AGREEMENT BY AND BETWEEN ALAN M. MECKLER (“PAYEE”) AND MEDIABISTRO INC., MEDIABISTRO.COM SUBSIDIARY INC. AND INSIDE NETWORK, INC. (COLLECTIVELY, “MAKER”)Note Modification Agreement • April 29th, 2014 • Mediabistro Inc. • Services-business services, nec
On or about November 15, 2013 (the “Note Date”), Maker executed a Second Amended and Restated Promissory Note (“Note”) in favor of Payee. The Note was in the original principal face amount of Eight Million Seven Hundred Ninety-Four Thousand Six Hundred Four and 30/100 Dollars ($8,794,604.30), initially bearing interest at 5.50% per annum with a stated final maturity date of September 1, 2043. Payee has agreed to loan additional amounts to Maker, and Maker and Payee desire to amend the Note to reflect the new principal amount. Payee remains the owner and holder of the Note and has agreed with Maker to modify certain provisions of the Note as set forth herein.
