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Re: Amendment to 6% Senior Promissory Note

Promissory Note

Re: Amendment to 6% Senior Promissory Note | Document Parties: INTERCLICK, INC. You are currently viewing:
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INTERCLICK, INC.

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Title: Re: Amendment to 6% Senior Promissory Note
Governing Law: New York     Date: 3/31/2009

Re: Amendment to 6% Senior Promissory Note, Parties: interclick  inc.
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GRQ Consultants, Inc. 401(k)

595 South Federal Highway

Suite 600

Boca Raton, Florida 33432

 

December 30, 2008

 

interCLICK, Inc.

257 Park Avenue South

Suite 602

New York, New York 10010

Attn: Chief Executive Officer

 

Re: Amendment to 6% Senior Promissory Note

 

Ladies and Gentlemen:

 

Reference is hereby made to that certain 6% Senior Promissory Note, dated September 26, 2008, issued by interCLICK, Inc., a Delaware corporation (the “ Company ”), to GRQ Consultants, Inc. 401(k) (“ GRQ ”) in the original principal amount of $650,000.00 (the “ Note ”), of which $650,000.00 principal amount remains outstanding on the date hereof.

 

GRQ and the Company hereby agree that, subject to, and effective upon, the receipt by GRQ of $250,000 by wire transfer of immediately available funds in accordance with the instructions set forth on Exhibit A hereto (the “ Payment ”), which amount shall reduce the principal amount of the note to $400,000, from the Company by no later than 5:00 p.m. New York


 
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