Options Media Group Holdings, Inc.Secured Loan Agreement • November 16th, 2009 • Options Media Group Holdings, Inc. • Services-direct mail advertising services
This letter agreement (the “Agreement”) sets forth the terms and conditions for the amendment of that certain Secured Promissory Note dated March 13, 2009 in the original principal amount of $300,000 made by Options Media Group Holdings, Inc., a Nevada corporation (“Company”) in favor of GFT Holdings, Inc. (“Holder”), as amended by that certain letter agreement dated August 13, 2009 (the “Note”) and that certain Secured Loan Agreement dated March 13, 2009 between the Company and the Holder, as amended by that certain letter agreement dated August 13, 2009 (the “Loan Agreement”).
Options Media Group Holdings, Inc.Note Amendment • November 16th, 2009 • Options Media Group Holdings, Inc. • Services-direct mail advertising services
This letter agreement (the “Agreement”) amends that certain Note dated April 24, 2009 (the “Note”) between Options Media Group Holdings, Inc., a Nevada corporation (the “Company”), and Whalehaven Capital Fund Limited (the “Holder”). In consideration for the Holder (i) extending the maturity date of the Note from August 31, 2009 to December 31, 2009, (ii) waiving its right to the extension fee under the Note in connection with the extension provided by this Agreement, and (iii) waiving its right to charge interest at the default interest rate for any period that the Note was in default prior to the date of this Agreement, the Company shall issue the Holder 50,000 shares of common stock of the Company (the “Extension Consideration”).
