AMENDMENT TO LOAN AGREEMENT
AMENDMENT TO LOAN AGREEMENT
This agreement dated as of January 1, 2007 amends the loan agreement dated August 31, 2004 as amended on November 30, 2004 and on June 14, 2006 (the "Agreement"), made by and between Sound Revolution Inc., a Delaware corporation (the "Company"), Xxxxx Xxxxx, Chairman and Chief Financial Officer of the Company (“Green”), and Bacchus Entertainment Ltd. (the “Lender”).
Now therefore, in consideration of the mutual covenants and promises herein contained and other good and valuable consideration, the Company and the Executive hereby agree as follows:
Paragraph 5 of the Agreement shall be amended so that monthly payments shall not be required until September 1, 2007.
Any additional amounts loaned to the Company by Xxxxx Xxxxx or by Xxxxxxx Entertainment Inc. in excess of the amounts stipulated by the Agreement shall unless otherwise stipulated by the parties in writing be deemed amounts loaned pursuant to the Agreement and shall be subject to the terms and conditions of the Agreement.
In witness whereof this Agreement has been executed by or on behalf of the parties hereto, as an instrument under seal as of the date first above written.
By: /s/ Xxxxx
Ram
Title: President & Chief
Executive Officer
Bacchus Entertainment Ltd.
By: /s/ Xxxxx
Xxxxx
Title: President
/s/ Xxxxx
Xxxxx
Xxxxx Xxxxx
