THIS RESTATED PROMISSORY
NOTE REPLACES AND SUPERCEDES A
PRIOR PROMISSORY NOTE,
DATED APRIL15, 2008 AND SHALL NOT BE
CONSTRUED AS A NOVATION
OR REPAYMENT AND REISSUE OF NEW
INDEBTEDNESS FOR ANY
EXISTING INDEBTEDNESS
RESTATED PROMISSORY
NOTE
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$506,670.99
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Sicklerville,
N.J.
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APRIL 15,
2008
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FOR
VALUE RECEIVED, Destination Software, Inc., a New Jersey
Corporation, with a principal business address of 700 Liberty
Place, Sicklerville, New Jersey 08081 (the “Maker”)
promises to pay to Susan J. Kain, having a principal address of 4
Oak Ridge Lane, Sewell, New Jersey 08080 (the “Payee”),
together with interest on the unpaid principal balance, both before
and after maturity, at the rate of Four Per-Cent (4.0%) per annum
(the “Rate”) until the Note shall have been paid in
full, as hereinafter provided. Interest shall be on the arrears or
on the unpaid balance hereof at the rate aforesaid, calculated
based upon a year consisting of 360 days, but for the actual number
of days elapsed.
ON October 31, 2008, the Maker shall make principal
payment in the sum of Five Hundred and Six Thousand, Six Hundred
and Seventy Dollars and Ninety-Nine cents ($506,670.99) to the
Payee and shall further pay to the Payee all accrued and unpaid
interest, which shall become due and payable without notice or
demand, less any amounts
