Replies to post #43132 on Seaniemac International Ltd (fka BETS)

[Braden32601]

WOW -a response from Deano within an hour of my email!>>>

(Personally, i feel a LARGE RESELLER agreement AND an ACQUISITION or 2 are BOTH in the works..that is my thoughts).. >>



Steve,



I really do appreciate your note. As you know I must wait until the “t” are crossed before we can

Share everything that we are working towards.



I will share your comments with the team.



Regards,





Dean Garfinkel

Chairman

Call Compliance Inc.

888.674.6774

[Eli's Gone]

Reread it yourself:

http://sec.gov/Archives/edgar/data/1206133/000114420408051393/v125702_ex10-2.htm

COMPLIANCE SYSTEMS CORPORATION
SECURED CONVERTIBLE DEBENTURE



$300,000.00 September 2, 2008


FOR VALUE RECEIVED, the undersigned Compliance Systems Corporation, a Nevada corporation (referred to herein as “Borrower” or the “Company”), promises to pay to the order of Agile Opportunity Fund, LLC, its successors or assigns (the “Lender”), the principal sum of Three Hundred Thousand Dollars ($300,000.00) or such lesser principal amount as is then outstanding on November 6, 2009 (the “Maturity Date”), and interest thereon at a rate equal to fifteen percent (15%) per annum (the “Interest Rate”). Interest shall be payable on the last day of each calendar month prior to the Maturity Date with the first interest payment to be made on September 30, 2008. Borrower shall pay the principal balance then outstanding under this Secured Convertible Debenture (this “Debenture”) plus accrued but unpaid interest in full on the Maturity Date along with payment of any other amounts due hereunder or under the other Loan Documents (as defined below). The Borrower acknowledges that in addition to the interest due hereunder, Lender shall be entitled to an additional payment, on the Maturity Date or whenever the principal of this Debenture is paid (including in connection with any earlier redemption), such that Lender’s annualized rate of return on such principal payment shall be equal to thirty (30%) percent. Notwithstanding any other provision hereof, interest paid or becoming due hereunder and any other payments hereunder which may constitute interest shall in no event exceed the maximum rate permitted by applicable law.