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SIXTH AMENDMENT TO LOAN AGREEMENT

Loan Agreement

SIXTH AMENDMENT TO LOAN AGREEMENT | Document Parties: C2 GLOBAL TECHNOLOGIES INC | Acceris Communications Inc | I-Link Incorporated You are currently viewing:
This Loan Agreement involves

C2 GLOBAL TECHNOLOGIES INC | Acceris Communications Inc | I-Link Incorporated

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Title: SIXTH AMENDMENT TO LOAN AGREEMENT
Date: 8/7/2009
Industry: Communications Services     Sector: Services

SIXTH AMENDMENT TO LOAN AGREEMENT, Parties: c2 global technologies inc , acceris communications inc , i-link incorporated
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Exhibit 10.4

 

SIXTH AMENDMENT

TO

 LOAN AGREEMENT

 

THIS SIXTH AMENDMENT TO LOAN AGREEMENT is made and entered into as of May 5, 2009 by and between C2 Global Technologies Inc., formerly known as Acceris Communications Inc. and as I-Link Incorporated, a Florida corporation (the “ Borrower ”) and Counsel Corporation, an Ontario corporation  (the “ Lender ”).

 

WHEREAS, the Borrower and Lender are parties to a Loan Agreement as amended, dated January 26, 2004 (the " Loan Agreement ”) and the parties desire to further amend the Loan Agreement with effect from May 5, 2009 (“the Effective Date ”) as provided herein.

 

NOW, THEREFORE, for good and valuable consideration the receipt and adequacy of which is hereby acknowledged it is agreed as follows:

 

1.            Extension of Maturity Date .  Effective as of the Effective Date, Section 2 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

 

Payments of Principal and Interest .  All borrowings hereunder, together with any interest thereon, shall be due and paya


 
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