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