EXHIBIT 10.2 - LOAN AGREEMENT AMENDMENT
LOAN AGREEMENT AMENDMENT
This Amendment is incorporated into, and amends and supplements the
terms of the Loan Agreement (the "Agreement") dated November 1, 2001
by Xxxxxxx Xxx to Xxxxx Enterprises, Inc., a Delaware corporation
(the "Company"). This Amendment does not in any way, cancel the
Agreement. Except as specifically amended herein, all other terms of
the Agreement remain in effect. If any of the provisions of the
Agreement conflicts with the terms of this Amendment, the terms of
this Amendment will supercede:
For value received, the parties agree to the following changes to
the Agreement:
The first paragraph in the Agreement shall be deleted in its
entirety and be replaced and to read as follows:
"I hereby agree to lend Donar Enterprises, Inc., a Delaware
corporation (the "Company") the sum of twenty-five thousand
dollars ($25,000) in the event the Company is unable to raise a
minimum of $25,000 from its initial public offering of its
common stock (the "Offering"), filed with the Securities and
Exchange Commission on August 30, 2001, after the closing of
the Offering."
The second paragraph in the Agreement shall be deleted in its
entirety and be replaced and to read as follows:
"Such loan will be represented by a promissory note bearing
interest at 10% per annum, due and payable on or before June
30, 2003 in lawful money of the United States of America at
0000 Xxxxxxxx Xxxxxx, Xxxxx #000, Xxxxxxxxxxxx, Xxxxxxxxxxxx
00000, or such other address as the holder may specify by
written notice to the Company. In addition, such promissory
note shall include the following terms and conditions:"
Signatures. By signing, the Company and Xx. Xxx agree to the terms
contained in this Amendment.
Xxxxxxx Xxx Donar Enterprises, Inc.
/s/ Xxxxxxx Xxx /s/ Xxxxxxx Xxx
------------------------- -------------------------
Xxxxxxx Xxx Xxxxxxx Xxx, President
Dated: December 21, 2001 Dated: December 21, 2001
-64-
