Attached files
| file | filename |
|---|---|
| 8-K - Qornerstone Inc. | v205590_8k.htm |
| EX-10.2 - Qornerstone Inc. | v205590_ex10-2.htm |
TERNES CAPITAL LTD.
P.O. BOX
957, OFFSHORE INCORPORATIONS CENTRE ROAD TOWN TORTOLA
BRITISH
VIRGIN ISLANDS
November
15, 2010
TechMedia
Advertising, Inc.
c/o 62
Upper Cross Street, #04-01
Singapore 058353
Attention: Mr. Johnny Lian,
President and CEO
Dear
Sir:
|
Re:
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Settlement
of US$300,000 owing from TechMedia Advertising, Inc. to Ternes Capital
Ltd.
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Ternes
Capital Ltd. (“Ternes”) hereby agrees to settle the US$300,000 loan that was
provided by Ternes to TechMedia Advertising, Inc. (“TechMedia”) in accordance
with the Amended Loan Agreement entered into between the parties on August 4,
2010 with an effective date of July 29, 2010 (the “Loan”), without the payment
of any interest on such Loan in exchange for the payment of US$300,000 from
TechMedia to Ternes, or its nominee as instructed by Ternes, on or before
November 30, 2010.
Details
of Ternes’ joint nominees to whom the said payment of USD300,000.00 is to be
made is annexed to this letter marked “TCL-1”.
If the
foregoing is satisfactory, please indicate your agreement by executing a copy of
this letter where indicated below and returning an originally signed copy to the
undersigned on or before November 23, 2010.
We
appreciate your prompt response and action in settling the above
matter.
Yours
truly,
TERNES
CAPITAL LTD.
Per:
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/s/ Ratner Vellu
|
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Authorized
Signatory
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The above
terms and conditions are acknowledged and agreed to this 19th day of
November, 2010.
TECHMEDIA
ADVERTISING, INC.
Per:
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/s/ Johnny Lian
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Johnny
Lian, President and CEO
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