GSV, INC. Westport, Connecticut 06880Promissory Note and Security Agreement • April 21st, 2009 • 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 October 17, 2008, as amended, in the principal amount of $150,000 (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 October 17, 2008, the Note was amended to extend its maturity date to March 1, 2009 (the “Old Maturity Date”).
