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September 3, 2009
ClearPoint
Business Resources, Inc.
1600 Manor
Drive
Suite
110
Chalfont,
PA 18914
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Debt
Extension Agreement Amendment
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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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