EXTENSION AGREEMENT
THIS EXTENSION AGREEMENT (the "Extension"), entered into as of the 6th day
of May, 2005 (the "Effective Date") by and between Azur International Inc., a
Nevada corporation (the "Borrower") and Efficient Management Trading Co., Inc.
("Lender"), shall amend, modify, supersede and be part of that certain
Convertible Secured Promissory Note dated December 29, 2004 in the principal sum
of Three Million and No/100 Dollars ($3,000,000.00) (the "Promissory Note"). The
Borrower and Lender hereby agree as follows:
1. The payment of the remaining principal and interest due to Lender
pursuant to the Promissory Note is due and payable by Borrower to Lender on the
30th day of June 2005.
2. In consideration of the sum of TEN DOLLARS ($10.00) and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, Borrower agrees to an extension of the Maturity Date to January 1,
2006.
3. Lender agrees to provide Borrower with an additional extension.
Therefore, the payment of the remaining principal and interest due to Lender
pursuant to the Promissory Note shall be due and payable by Borrower to Lender
on the Maturity Date which is the 1st day of January 2006.
4. All other provisions in the Agreement shall remain in full force and
effect.
5. In the event of any inconsistencies between the Agreement and this
Extension, this Extension shall control.
IN WITNESS WHEREOF, the Borrower and Lender have executed and entered into this
Extension as of the day first above set forth.
BORROWER
Azur International Inc.
a Nevada corporation
By: /s/ Xxxxxx Xxxxxxx
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Xxxxxx Xxxxxxx, President.
Dated: May 2, 2005
LENDER:
Efficient Management Trading Co., Inc.
By: /s/ Xxxxx Xxxx
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Print Name: Aaaron Xxxx
Title: Secretary and Treasurer
Dated: May 6, 2005
