CREDIT LINE AGREEMENTCredit Line Agreement • June 2nd, 2009 • So Act Network, Inc. • Non-operating establishments • Delaware
THIS CREDIT LINE AGREEMENT is entered into as of May 28, , 2009, between SO ACT NETWORK, INC., a Delaware corporation (“Borrower”), and Greg Halpern (“Lender”).
AMENDMENT TO GIGABLAST PROFESSIONAL SERVICES AGREEMENTGigablast Professional Services Agreement • June 2nd, 2009 • So Act Network, Inc. • Non-operating establishments
This Amendment (“May 2009 Amendment”) is entered into on the 29th day of May, 2009 (“Effective Date”) to amend the “Gigablast Professional Services Agreement” (the “Agreement”) that was made and entered into on January 19, 2009 by and between So Act Network, Inc. (“So Act”) and Gigablast, Inc (“Gigablast”).
LINE OF CREDIT NOTESo Act Network, Inc. • June 2nd, 2009 • Non-operating establishments
FOR VALUE RECEIVED, So Act Network, Inc., a Delaware corporation ("Borrower"), with an address at 5715 Will Clayton, Parkway, #6572 Humble, TX 77338, hereby promises to pay to the order of Greg Halpern ("Lender"), with an address at 5715 Will Clayton, Parkway, #6572 Humble, TX 77338 or any holder hereof may from time to time designate, the principal sum of One Hundred Thousand Dollars ($100,000) (the “Principal Amount”), or the aggregate unpaid principal amount of all Advances made or extended by Lender to Borrower pursuant to the Credit Line Agreement, in lawful money of the United States of America and in immediately available funds on or before the second (2nd) anniversary of the Date of the Issuance (the “Maturity Date”). It is the intent of the Borrower and Lender hereunder to create a Credit Line Agreement between Borrower and Lender whereby Borrower may borrow up to the Principal Amount from Lender; provided, however, that Lender has no obligation to lend Borrower any amounts he
