EXHIBIT 10.30
Starburst Innovation, LLC
00 Xxx xx Xxxxx Xxxx
Xxxxxxxx, Xxxxxxx HM11
March 14, 2005
Xx. Xxx Xxxxxxxxxx, Xx. New Visual Corporation 0000 Xxxxxx Xxxx, Xxx. 000 Xxx
Xxxxx, XX 00000
Dear Xxx:
This letter is intended to confirm our recent verbal agreement to extend the
maturity date of the remaining balance of the Note Payable obligation of New
Visual Corporation to Starburst Innovation, LLC by one year. The note obligation
shall become due and payable in full within three days of Xxxxx's written
request for payment, provided, however, that Payee shall not be entitled to make
a payment request prior to November 15, 2005.The note will continue to earn
interest at 5% per annum, payable at termination or at time of repayment which
can be earlier without penalty.
Very truly yours,
/s/ Xxxx Xxxxxxxxx
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Xxxx Xxxxxxxxx
Starburst Innovation, LLC
