Standstill and Interest Modification Agreement Sample Contracts

SMART ONLINE, INC. CREDITOR:
Standstill and Interest Modification Agreement • September 30th, 2004 • Smart Online Inc • North Carolina

This Standstill Agreement is given to induce holders of Series A Preferred Stock of the Company to approve a reorganization of the capital structure of the Company which will eliminate the Series A Preferred Stock of the Company, it being agreed by Creditor that such reorganization would benefit Creditor who holds shares of Common Stock, and /or options to purchase Common Stock, of the company, by making the Company's Common Stock more valuable.

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