AMENDMENT 2 TO SENIOR SECURED PROMISSORY NOTE DATED DECEMBER 11, 2005
EXHIBIT 10.1
AMENDMENT 2 TO SENIOR SECURED PROMISSORY NOTE
DATED DECEMBER 11, 2005
WHEREAS, the Parties entered into the Senior Secured Promissory Note (“Note”) dated September 30, 2005 the Amended Senior Secured Promissory Note dated November 4, 2005; and
WHEREAS, the Parties desire amend the repayment included in Schedule 1 of the Note.
NOW THEREFORE, in consideration of the mutual covenants and promises herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties each intending to be legally bound, agree to amend the Schedule 1 of the Note in its entirety as follows:
SCHEDULE 1
Payment Schedule
|
Date |
Amount |
|
October 7, 2005 |
150,000,000 Yen |
|
November 15, 2005 |
110,000,000 Yen |
|
December 31, 2005 |
40,000,000 Yen |
|
Total |
300,000,000 Yen |
Except as expressly amended herein, there are no other amendments, implied or otherwise to the Note or any other agreement between the parties.
This agreement may be executed in any number of counterparts, each of which, when executed, is an original. Those counterparts together make one instrument.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered by their respective corporate officers thereunto duly authorized on the day and year first above written.
GMB International, Inc.
By: |
/s/ Xxxxxx Xxxxx | ||
Name: |
Xxxxxx Xxxxx |
| |
Title: |
Director |
| |
Global Hotline, Inc.
By: |
/s/ Kyo Nagae |
| |
Name: |
Kyo Nagae |
| |
Title: |
Chief Financial Officer | ||