EXHIBIT 10.33a
AMENDMENT TO 8% TERM NOTE
AMENDMENT, dated as of September 30, 2005, TO 8% TERM NOTE, dated April 5,
2005, made by and between Delta Mutual, Inc., a Delaware corporation, with its
principal offices located at 000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxxxx, XX 00000
(the "Borrower") and _________ (the "Holder"). Capitalized terms used herein and
not otherwise defined herein shall have the meaning assigned to such term in the
Original Note.
WHEREAS, the Borrower and the Holder are parties to that certain 8% Term
Note, dated April 5, 2005 (the "Original Note") pursuant to which the Borrower
has borrowed the amount of $______________ from the Holder;
WHEREAS, the Original Note provides that the Maturity Date shall be
October 2, 2005; and
WHEREAS, the Borrower and the Holder have agreed to extend the Maturity
Date and to amend Section 1.4 of the Original Note in order to provide the
Borrower with additional time to secure financing; and
WHEREAS, in accordance with the terms and conditions of the Original Note,
the Borrower and the Holder hereby approve the amendment of the Original Note as
set forth herein.
NOW, THEREFORE, in consideration of the foregoing and the mutual covenants
contained herein, the parties agree as follows:
1. By their respective execution of this Agreement, the Borrower and the
Holder agree that Section 1.4 of the Original Note is hereby amended to read in
its entirety as follows: "Maturity Date" shall mean January 3, 2006.
2. Except as expressly provided herein, the Original Note shall continue
in full force and effect.
IN WITNESS WHEREOF, the Borrower and the Holder have executed this
Amendment as of the date first written above.
DELTA MUTUAL INC. ____________________________
By: _______________________ By: ___________________________
Xxxxx X. Xxxxx
President & CEO
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