E CENTIVES INC
AMENDMENT NO. 2 TO CONVERTIBLE PROMISSORY NOTE
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 10.7 </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>AMENDMENT No.&nbsp;2 TO CONVERTIBLE PROMISSORY NOTE </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">This Amendment No.&nbsp;2 (this
&#147;<U>Amendment</U>&#148;) to the Convertible Promissory Note (as defined below) is made as of September&nbsp;26, 2006 by and between E-centives, Inc., a Delaware corporation (the &#147;<U>Company</U>&#148;), and LGT Bank in Liechtenstein AG (the
&#147;<U>Holder</U>&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>WHEREAS</B>, the Company issued a convertible promissory note dated June&nbsp;11, 2003 in the principal
amount of US $50,000 to the Holder, as amended by Amendment No.&nbsp;1, dated June&nbsp;8, 2006 (as amended, the &#147;<U>Convertible Promissory Note</U>&#148;); and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2"><B>WHEREAS</B>, the Company and the Holder desire to amend the Convertible Promissory Note in accordance with the terms and conditions hereof. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>NOW THEREFORE</B>, in consideration of the mutual covenants contained herein the parties hereto agree as follows: </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">1. <U>Amendment</U>: Section&nbsp;1 of the Convertible Promissory Note is hereby amended and restated in its entirety to read as follows: </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Payment Terms</U>. The Company promises to pay to Holder the balance of Principal, together with Premium and accrued unpaid interest, on <B>September&nbsp;30,
2007</B>, unless this Note is earlier prepaid as herein provided or earlier converted into Common Stock (as hereinafter defined) of the Company pursuant to <U>Section&nbsp;3</U> hereof. All payments hereunder shall be made in lawful money of the
United States of America. Payment shall be credited first to the accrued interest then due and payable and the remainder to Principal.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">2. <U>Representations and Warranties</U>. To induce the Holder to enter into this Amendment, the Company represents and warrants to the Holder that, after giving effect to this Amendment, the representations and warranties set forth in
Section&nbsp;6 of the Convertible Promissory Note are true and correct in all material respects on and as of the date hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3.
<U>Effectiveness</U>. This Amendment shall become effective as of the date first set forth above when the Company shall have received counterparts of this Amendment that, when taken together, bear the signatures of the Company and the Holder.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4. <U>No Other Modifications</U>. Except as specifically modified herein, all of the terms and conditions of the Convertible Promissory
Note shall continue in full force and effect and are hereby ratified and affirmed. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5. <U>Capitalized Terms</U>. All capitalized terms used
in this Amendment and not otherwise defined shall have the meanings assigned to them in the Convertible Promissory Note. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">6. <U>Governing
Law; Counterparts</U>. This Amendment shall be governed by, and construed and interpreted in accordance with, the laws of the State of Maryland, without reference to conflicts of law provisions of such state. This Amendment may be executed in
counterparts and the executed counterparts shall together constitute a single instrument. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7. <U>Severability</U>. If any term, provision,
covenant or restriction of this Amendment is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Amendment shall remain in full
force and effect and shall in no way be affected, impaired or invalidated. </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">8. <U>Headings</U>. The headings of this Amendment are for purposes of reference only and shall not limit
or otherwise affect the meaning hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>[Signature Page Follows] </B></FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>IN WITNESS WHEREOF</B>, the undersigned have caused this Amendment to be duly executed and delivered as of the date
first written above.<B> </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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