NOVEMBER 21, 2008Waiver of Financial Covenant Defaults • March 31st, 2009 • Banks.com, Inc. • Services-computer programming, data processing, etc.
Reference is made to the Investment Agreement, dated as of July 21, 2006, as amended (the “Investment Agreement”), among Banks.com, Inc. (formerly known as InterSearch Group, Inc. and referred to as the “Company”), CapitalSouth Partners Fund I Limited Partnership (“CapitalSouth I”), CapitalSouth Partners Fund II Limited Partnership (“CapitalSouth II”) and Harbert Mezzanine Partners II SBIC, L.P. (“Harbert” and together with CapitalSouth I and CapitalSouth II, collectively, the “Lenders”). Capitalized terms used herein without definition shall have the meanings given to them in the Investment Agreement.
