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Second Amendment to Convertible Line of Credit Note Agreement

Promissory Note

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DIGITAL LIFESTYLES GROUP INC

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Title: Second Amendment to Convertible Line of Credit Note Agreement
Governing Law: Tennessee     Date: 8/31/2009
Industry: Computer Services     Sector: Technology

Second Amendment to Convertible Line of Credit Note Agreement, Parties: digital lifestyles group inc
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Exhibit 4.9

 

Digital Lifestyles Group, Inc.

649 Sparta Highway, Suite 102

Crossville, TN 38555

 

 

As of May 1, 2009

 

Mr. Dan Page

Post Office Box 574

Crossville, TN 38557

 

Re: 

Digital Lifestyles Group, Inc. (the “Company”)

Second Amendment to Convertible Line of Credit Note Agreement

 

Dear Mr. Page:

 

Reference is hereby made to that certain Convertible Line of Credit Note Agreement dated as of April 23, 2007 by and among the Company and you, as amended by the First Amendment dated September 27, 2008 (collectively, the “Note”).

 

As of the date hereof, the Company owes you principal pursuant to the terms of the Note the aggregate amount of $339,750 (the “Outstanding Amount”), which such amount was due on April 23, 2008.  You hereby agree to amend the Note to (i) provide up to an additional $50,000 in financing to the Company (the “Additional Amount”) at such time, and in such amounts, as may be requested from time to time by the Company, and (ii) extend the due date of the Note, including the Additional Amount made available pursuant to this Second Amendment, to December 31, 2009.  In consideration of this Additional Amount, the Company agrees to set the conversion price at $0.12 per share o


 
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