EX-10.19
from S-1
2 pages
Reference Is Hereby Made to (I) That Certain Promissory Note, Dated as of January 16, 2009 (The “January Note”), Issued to Zasis LLC, a Nevada Limited Liability Company (“Zasis”), by Ubixo Limited, an Antigua and Barbuda Company That Was Formerly Known as M2 Global Ltd. (“Ubixo”), and (II) That Certain Promissory Note, Dated as of February 25, 2009 (The “February Note,” and Together With the January Note, the “Notes”), Issued to Zasis by Ubixo. Each of the Notes Were Assigned by Ubixo to Geotag Inc. on July 12, 2010, Pursuant to the Terms of That Certain Business Purchase Agreement, Dated as of July 12, 2010, by and Between Ubixo and Geotag Inc., as Amended by That Certain Amendment No. 1 to Business Purchase Agreement, Dated as of August 26, 2010, by and Between Ubixo Limited and Geotag Inc. for Good and Valuable Consideration, the Receipt and Sufficiency of Which Is Hereby Acknowledged, the Parties Hereby Agree as Follows: 1. Maturity Date Extension. the Maturity Date of Each of the Notes Shall Be Extended to December 31, 2011. 2. Consent and Waiver. (A) Zasis Hereby Expressly Acknowledges and Ratifies the Assignment of the Notes to Geotag Inc.; Provided, However, That Ubixo and Any Co-Signor Shall Still Remain Liable on the Notes and This Letter Shall Not in Any Way Act as a Release of Ubixo or Any Co-Signor Except as Stated in (B) Below
12/34/56
