& 


Exhibit 10.30


 


	October 7, 2016		 


 


PCS Link, Inc, dba Greenwood Hall, Inc.


201 Ocean Ave, Unit 1507B


Santa Monica, CA 90402-1473


 


Borrower:     PCS Link,
Inc. I Loan#:   0800807-1/ Collateral: UCC-1
Broadform filing on all business assets


 


		1.	California United Bank (“Bank”) holds a Note executed by PCS Link Inc. (“Borrower”) in the original
principal amount of $1,250,000 evidenced by the following:



		i)	A Loan in the original principal amount of $1,250,000 pursuant to the terms of the Promissory Note dated as of October 21,
2010 (‘‘Note”) executed by Borrower to the order of Bank



		ii)	To secure Borrower’s obligations to Bank, Borrower executed and delivered that Commercial Security Agreement dated as
of October 21, 2010 (“Security Agreement”) executed by Borrower to the order of Bank. Pursuant to the Security Agreement,
Bank has a valid, perfected lien upon the Collateral.



 


		2.	The current balance due as of October 7, 2016 is:



 


	Principal	 	$	876,250.34	 
	Accrued Unpaid Interest	 	$	74,625.52	 
	Demand Fee	 	 	50.00	 
	UCC-Termination Fee	 	 	45.00	 
	Legal Fees (appx)	 	 	50,000.00	 
	Extension Fee	 	 	10,000.00	 
	Total	 	$	1,010,970.86	 



 


		3.	The Bank has agreed to issue a release of the collateral securing the loan, when Bank receives the following:



 


		i)	$175,000.00, plus per diem interest of $41.31 from 1011/2016 to date of payment, in good funds (“Settlement Payment”)
in full settlement of the PCS debt.



		ii)	An amendment or reissuance of 523,587 in warrants at an exercise price of $1.00 issued on December 14, 2015 to the Bank to
reflect a downward adjustment of the exercise price to $.10 per warrant subscription (“Amended Warrants”).



		iii)	A daily extension fee in the amount of $2,000 beginning October II, 2016 and accruing each day thereafter until the Bank receivers
the Settlement Payment and the Amended Warrants (“Daily Extension Fee”).



 


As an example, if the Settlement
Payment is made on October 11,2016, the required amount would be $177,454.41, comprised of $175,000 discounted principal, $454.41
for 11 days of interest and $2,000 for the daily extension fee. Furthermore, if paid on October 12, 2016, the required payment
would increase by $2,041.31 and likewise increase daily thereafter until receipt by the Bank of the Settlement Payment, Amended
Warrants and Daily Extension Fee.


 


Receipt of the Settlement Payment,
Amended Warrants and Daily Extension Fee must be received by 5:00PM PST on October 14, 2016. Settlement Payment and Daily Extension
Fee is to be sent via wire transfer to:


 


California United Banlc


15821 Ventura Boulevard, Suite 100


Encino, CA 91436-5203


ABA# 122243884


Account Number: 98-158500 Attention: Note Department


Reference: Loan #10800807-1. Contact K.
von Disterlo


 


Please refer
to loan number 10800807-1 on all inquiries concerning this demand. This demand expires on October 14, 2016 at 5:00 PM PST.
Please to verify final figures before wiring.


 


	Sincerely,	 
	 	 
	/s/ Kim von
    Disterlo	 
	Kim von Disterlo	 
	First Vice President	 


 


	50
    West Hillcrest Drive | Thousand Oaks, California 91360 | Phone
    805-496-6774 | Fax      805-496-0014 | www.californiaunltedbank.com