Document:

v035357_ex10-27 -- Converted by SECPublisher 2.1.1.8, created by BCL Technologies Inc., for SEC Filing

	
ADDENDUM TO PROMISSOI~

	
ADDENDUM TO PROMISSORY NOTE

This agreement amends the promissory note for a revolving loan dated 3/1/2003 between Compliance Systems Corporation and Spirits Management Inc. 

By this addendum, the parties agree that no demand for payment with regard to the above promissory note
shall be made prior to January, 2006. 

	
Corporatio

n 

By:

     an IN WITNESS WHEREOF, the parties 

hereto have executed this addendum on this 6th day of May, 2005. 

Spirits 

By: 

GUARANTORS 

Call

	
~" -~.

	
ADDENDUM TO PROMISSORY NOTE

This agreement amends the promissory note for a revolving loan dated 3/1/2003 between Compliance Systems Corporation and Spirits Management Inc. 

By this addendum, the parties agree that no demand for payment with regard to the above promissory note shall be made prior to January, 2005. 

IN WITNESS WHEREOF, the parties hereto have executed this addendum on lJ1j5 15th day of March,

2004. 

Spirits 

 B Brookstein 

GUARANTORS 

	
By:

	
~" -~.

	
 
        	
   	
PROMISSORY NOTE 
        
	
 
        
	
Borrower: 
        	
   	
Compliance Systems Corporation 90 Pratt Oval 
        
	
 
        	
   	
Glen Cove, NY 11542 
        

	
Principal Amount: Revolving Loan

	
1.              	
FOR VALUE RECEiVED, Compliance Systems Corporation promises to pay to Spirits Management Inc. at such address as may be provided in writing to Compliance Systems Corporation on demand, such principal sum as may be provided
to Compliance Systems Corporation from a revolving loan account established by Spirits Management Inc., with interest payable on any outstanding unpaid principal at the rate of twelve percent (12%) per annum, calculated monthly not in
advance. 
	 
	
2.              	
This promissory note will be repaid in consecutive quarterly installments of interest only on the first day of each month commencing the calendar quarter following execution of this Promissory Note. 
	 
	
3.              	
Notwithstanding anything to the contrary in the note, if Compliance Systems Corporation defaults in the performance of any obligation under this Note, then Spirits Management Inc. may declare the principal amount owing
under this note at that time to be immediately due and payable.  
	 
	
4.              	
This note will be construed in accordance with and governed by the laws of the State of New York.      
	 
	
5.       	
All cost, expenses and expenditures including, and without limitation, the complete legal costs incurred by Spirits Management Inc. in enforcing this promissory note as a result of any default by Compliance Systems
Corporation, will be added to the principal then outstanding and will immediately be paid by Compliance Systems Corporation      
	 
	
6.              	
This note will enure to the benefit of and be binding upon the respective heirs, executors, administrators, successors and assigns of Compliance Systems Corporation and Spirits Management Inc. Compliance Systems Corporation
waives presentment for payment, notice of non-payment, protest and notice of protest.    
	 
	
7.              	
The individual executing this Promissory Note on behalf of Compliance Systems Corporation does hereby represent and warrant that he/she has been and is on the date of 
	 

	
 
        	
   	
this Promissory Note duly authorized by all necessary and 
        
	
Compliance Sy~I~is 
        	
   	
appropriate corporate action to execute it on 
        
	
Corporation 
        	
   	
behalf of Compliance Systems Corporation 
        
	
 
        
	
 
        	
   	
iN WITNESS WHEREOF this Promissory 
        

	
~" -~. 
        	
   	
 
        
	
C 
        	
   	
~cJnc. 
        
	
 
        
	
By: 
        	
   	
 
        

Promissory Note CSC to SM 03012003v035357_ex10-28 -- Converted by SECPublisher 2.1.1.8, created by BCL Technologies Inc., for SEC Filing

	
NON-NEGOTIABLE PROMISSORY NOTE

     Amendments. No amendments or modifications of this Note shall be deemed effective unless in writing and signed by the Lender. 

     Applicable Law, Successors and Assigns. This Promissory Note shall be binding upon Borrower, its legal representatives, successors and assigns and shall
be governed by and construed in accordance with the laws of the State of New York. In the event any provision of this Promissory Note shall be deemed unenforceable, the remaining provisions shall remain in full force and effect. 

     Submission to Jurisdiction. Any action or proceeding with respect to this Promissory Note may be brought in the Courts of the State of New York or the
United States District Courts for the Eastern Districts of New York, and Lender hereby accepts generally and unconditionally, the jurisdiction of such courts. Borrower hereby irrevocably waives with respect to such action or proceeding (x) trial by
jury; (y) any objection, including, without limitation any objection with respect to venue or forum ~ conveniens which it may now or hereafter have to the bringing of such action or proceeding, and (z) the right to interpose any setoff, non-compulsory counterclaim or cross-claim. 

     Service of Process. Borrower hereby irrevocably consents to the service of process in any action or proceeding by the mailing by certified mail, return
receipt requested, postage prepaid, to the Borrower at the addressCOMPLIANCE provided for herein. Nothing herein shallS' affect the right of Lender to serve process in any other matter permitted by applicable law. 

	
By: 
        	
   	
 
        
	
Name: 
        	
   	
J3ai~As'1. Brookstein 
        
	
Title: 
        	
   	
Chief Financial Officer 
        

The following wholly-owned subsidiaries of Compliance Systems Corporation hereby guaranty payment of all obligations due under this Promissory Note: 

NON-NEGOTIABLE PROMISSORY NOTE

	
NY432481.2 

66666633333 

08/23/2005 mr

	
CALL COMPLIANCE,

	
By: 
        	
   	
 
        	
   	
(?>~.i 
        
	
Name: BarI~( Brookstein
        
	
 
        	
   	
Title: 
        	
   	
Chief Financial Officer 
        

	
CALL COMPLIANCE. COb&~*Il~.

	
 
        	
   	
(Q~\) 
        
	
By: 
        	
   	
 
        
	
Name: 
        	
   	
Bari%~VBrookstein 
        
	
Title: 
        	
   	
Chief ~Piiiancial Officer 
        

2Exhibit 10.30

                          NON-NEGOTIABLE PROMISSORY NOTE

 $125,000.00                                      Dated: As of July 1, 2005

       FOR VALUE RECEIVED, the undersigned, COMPLIANCE SYSTEMS
CORPORATION,  a  Delaware  corporation  with its  principle  offices at 90 Pratt
Oval, Glen
Cove, New York 11542  (hereinafter  referred to as "Borrower"),  hereby promises
to pay to
DEAN GARFINKEL, with an address at 37 Quincy Avenue, Bayville, New York 11709
("Lender"),  or at such other place as the Lender may designate in writing,  the
principal sum of
One  Hundred  and  Twenty-Five  Thousand  Dollars  ($125,000.00)  together  with
interest on the
unpaid principal balance from the date hereof.

       Interest.  Interest  shall be paid upon the unpaid  principal  balance of
this Note at a rate of twelve percent (12%) per annum.

       Payments.  Borrower  shall  make  a  payment  of  all  interest  and  all
principal on January 10, 2007 (the "Maturity Date").

       Computation  of Interest.  The interest  payable under this Note shall be
computed on the basis of a 360 day year for the actual number of days elapsed.

       Notices.  Any notice to the Borrower as provided in this  Promissory Note
shall be deemed to have been duly  given  and  effective  on  delivery,  if hand
delivered,  or two business  days after  mailing,  if mailed,  postage  prepaid,
return  receipt  requested  to the address of the  Borrower  stated in the first
paragraph of this  Promissory  Note or to such other address as the Borrower may
designate in writing to the Holder from time to time.

       Prepayment.  This  Promissory  Note may be  prepaid  at any time  without
penalty.

       Presentment;  Waiver of Jury  Trial;  Legal Fees.  The makers,  endorsers
and  guarantors  of this Note hereby  waive  presentment  for  payment,  demand,
notice of  non-payment  and dishonor,  protest,  and notice of protest and waive
trial by jury in any  action  or  proceeding  arising  on,  out of,  under or by
reason of this Promissory  Note. In the event the Lender  commences an action or
proceeding to enforce the  obligations  under this  Promissory  Note, and Lender
is  successful in such action,  the Borrower  shall  reimburse  Lender all costs
and  expenses  of  such  action,   including  reasonable   attorney's  fees  and
disbursements,  title  charges and other  expenses,  which shall be added to the
amount  due under  this  Promissory  Note and  recoverable  with the  amount due
under this Promissory Note.

       Usury.  If any law which is applicable to this  Promissory Note and which
sets  maximum  charges,  is finally  interpreted  so that the interest and other
charges hereunder exceed the permitted  limits,  then (i) any such charges shall
be reduced by the amount  necessary  to reduce such  charges to the legal limit;
and (ii) any sums already  collected  from  Borrower  which exceed the permitted
limits will be refunded to Borrower or applied to  reduction  of  principal,  at
Lender's option.

<PAGE>

                         NON-NEGOTIABLE PROMISSORY NOTE

       Amendments.  No amendments or  modifications of this Note shall be deemed
effective unless in writing and signed by the Lender.

       Applicable  Law;  Successors and Assigns.  This  Promissory Note shall be
binding upon  Borrower,  its legal  representatives,  successors and assigns and
shall be governed by and construed in  accordance  with the laws of the State of
New York.  In the event any  provision of this  Promissory  Note shall be deemed
unenforceable, the remaining provisions shall remain in full force and effect.

       Submission  to  Jurisdiction.  Any action or  proceeding  with respect to
this  Promissory  Note may be  brought in the Courts of the State of New York or
the United States  District  Courts for the Eastern  Districts of New York,  and
Lender hereby accepts  generally and  unconditionally,  the jurisdiction of such
courts.  Borrower  hereby  irrevocably  waives  with  respect to such  action or
proceeding (x) trial by jury; (y) any objection,  including,  without limitation
any  objection  with respect to venue or forum non  conveniens  which it may now
or  hereafter  have to the  bringing of such action or  proceeding,  and (z) the
right to interpose any setoff, non-compulsory counterclaim or cross-claim.

       Service of Process.  Borrower hereby irrevocably  consents to the service
of  process in any  action or  proceeding  by the  mailing  by  certified  mail,
return  receipt  requested,  postage  prepaid,  to the  Borrower  at the address
provided  for herein.  Nothing  herein shall affect the right of Lender to serve
process in any other matter permitted by applicable law.

                                     COMPLIANCE SYS EM CORPORATION

                                     By:_______
                                         Name:  any M. Brookstein
                                         Title: Chief Financial Officer

The  following  wholly-owned  subsidiaries  of  Compliance  Systems  Corporation
hereby guaranty payment of all obligations due under this Promissory Note:

                                     CALL CO LIANC , iNC.

                                     By:  /S/ Barry M. Brookstein
                                         Name: Barry M. Brookstein
                                         oTitle: Chief Financial Officer

<PAGE>

                         NON-NEGOTIABLE PROMISSORY NOTE

                                      CALL

                                      By:

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