GSV, INC. Westport, Connecticut 06880 October 17, 2008Promissory Note and Security Agreement • October 20th, 2008 • GSV Inc • Crude petroleum & natural gas • New York
Brooks Station Holdings, Inc. (“Brooks Station”) holds an Amended and Restated Promissory Note issued by GSV, Inc. (the “Company”) dated March 11, 2008, as amended, in the principal amount of $160,000 (the “Note”). The Note bears interest at the rate of 8% per annum and is secured by a first priority security interest in all assets of the Company pursuant to a Security Agreement between the Company and Brooks Station dated as of July 21, 2003. By agreement dated March 11, 2008, the Note was amended to extend its maturity date to September 1, 2008 (the “Old Maturity Date”).
