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Change in Terms
Agreement
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BORROWERS:
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SINGLE TOUCH
SYSTEMS, INC.
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A Delaware
corporation, doing business in California
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SINGLE TOUCH
INTERACTIVE, INC.
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A Nevada
corporation, doing business in California
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2235 Encinitas
Blvd, Suite 210
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Encinitas, CA
92024
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GUARANTOR:
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ANTHONY G.
MACALUSO also known as
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ANTHONY
MACALUSO also known as
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TONY
MACALUSO
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LENDER:
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FORT ASHFORD
FUNDS, LLC
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A California
limited liability company
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2532 Dupont
Drive
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Irvine,
California 92612
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ORIGINAL
PRINCIPAL AMOUNT:
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One Million
Dollars ($1,000,000.00)
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DATE OF
ORIGINAL AGREEMENT:
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December 5,
2008
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DESCRIPTION OF COLLATERAL: A
Guaranty, dated December 5, 2008, signed by Anthony Macaluso,
Together with the Collateral described in the Loan and Security
Agreement dated December 5, 2008 as filing number 2008-4048698; and
as described in the UCC Financing Statement (Form UCC-1) filed in
the State of Nevada on December 8, 2008, as filing number
2008036962-8.
DESCRIPTION OF CHANGE IN TERMS: The maturity
date set out in the Loan and Security Agreement, and in the
contemporaneously executed Schedule to Loan and Security Agreement,
namely 180 days after the date thereof, shall be extended to July
31, 2009.
CONSIDERATION FOR EXTENSION:
Borrowers shall pay to Lender, as and for a fee for Lender’s
agreement to the extension identified hereinabove, the sum of
Twenty-0Five Thousand Dollars ($25,000.00) . The subject fee is a
charge by Lender for its agreement to the extension identified, no
part of which shall or will be credited to the outstanding balance
owing from Borrowers, nor to any other obligation of Barrowers
under the terms of the subject Loan and Security Agreement, dated
December 5, 2008, and/or the other documentation related thereto.
Further, excluding any prior principal reductions, Borrowers shall
pay, on or before June 20, 2009, a prin