MODIFICATION OF SECURED PROMISSORY NOTE
Exhibit 10.2
MODIFICATION OF SECURED PROMISSORY NOTE
Principal balance outstanding on this Note as of this date is One Hundred and Ninety Thousand and 00/100 Dollars ($190,000.00).
The monthly principal payment of Five Thousand Dollars ($5,000.00) will continue until this Note is paid in full.
The term of this Note shall be extended to May 20, 2004.
Except as noted above, all the terms, conditions and provisions of said Note shall remain unchanged and in full force and effect.
Date: February 4, 2003 |
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Loan Number: LEE08 |
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PREFERRED BUSINESS CREDIT, INC. |
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XXX PHARMACEUTICALS |
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a California corporation |
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a California corporation |
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By: |
XXXXXX XXXXX |
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By: |
XXXXXX X. XXX |
Xxxxxx Xxxxx, President |
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Xxxxxx X. Xxx, President |
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