Common use of Acknowledgments and Understandings Clause in Contracts

Acknowledgments and Understandings. Lender hereby acknowledges and understands that Immediatek is effecting a 100-for-1 reverse stock split of the outstanding Common Stock prior to the Closing and the Conversion Price is after giving effect to such reverse stock split.” (d) Section 9 of the Note Conversion Agreement is hereby deleted in its entirety and replaced with the following:

Acknowledgments and Understandings. Lender hereby acknowledges and understands that (i) Immediatek is effecting a 10010-for-1 reverse stock split of the outstanding Common Stock prior to the Closing and the Conversion Price is after giving effect to such reverse stock split.” , and (dii) Section 9 that a special dividend will paid by Immediatek on its outstanding shares of Common Stock other than the shares of Common Stock issuable upon conversion of the Note Conversion Agreement is hereby deleted in its entirety and replaced with the following:Convertible Indebtedness.