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Re: Debt Extension Agreement Amendment

Extension Agreement

Re:
Debt Extension Agreement Amendment | Document Parties: CLEARPOINT BUSINESS RESOURCES, INC You are currently viewing:
This Extension Agreement involves

CLEARPOINT BUSINESS RESOURCES, INC

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Title: Re: Debt Extension Agreement Amendment
Governing Law: Pennsylvania     Date: 9/17/2009
Industry: Business Services     Sector: Services

Re:
Debt Extension Agreement Amendment, Parties: clearpoint business resources  inc
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September 3, 2009

 

 

ClearPoint Business Resources, Inc.

1600 Manor Drive

Suite 110

Chalfont, PA  18914

 

Re:

Debt Extension Agreement Amendment

 

Dear Sirs:

 

Reference is made to the Promissory Note dated as of August 14, 2006 in the original principal amount of $450,000 issued by ClearPoint Business Resources, Inc. (“ClearPoint”) to Shareholders of Staffbridge, Inc. (“Lender”), as amended by that certain Amendment to Note dated December 31, 2007 further amended by the Debt Extension Agreement dated June 30, 2008 and subsequently the Debt Extension Agreement date December 31, 2008 for the balance due for work performed as a contractor to ClearPoint by Lender (the “Note”).

 

Lender hereby agrees to further amend the Note as follows.  The current outstanding balance of the Note of $177,517.50 shall be paid according it to the following schedule:  (i) monthly payments of 16,137.95 commencing February 15, 2010, (ii) Accrued b


 
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