Exhibit 10.1
Amendment No. 1
To Loan and Stock Purchase Agreement
This Amendment is made and entered into as of January 30, 2006, by and between
Xxxxx X. Little with offices at 000 Xxxx Xxxx Xxxxxx, Xxxxxxx, Xxxxx and United
National Film Corporation (Film) a Colorado Corporation with offices c/o Xxxxxx
X. Xxxxxxxxx, Esq. 0000 Xxxxxx xx xxx Xxxxx, Xxxxx 0000, Xxx Xxxxxxx,
Xxxxxxxxxx, 00000.
WHEREAS On October 19, 2005, Little and Film entered into a Loan and Stock
Purchase Agreement effective as of October 19, 2005 ("Agreement") and
WHEREAS, the parties wish to amend the Agreement.
Now therefore, in consideration of the mutual covenants and representations
contained here in the parties hereto agree as follows:
1. The time set forth in paragraph 5 of the Agreement for the completion
of the "remaining items in paragraph 4", be and the same hereby is
extended to March 31, 2006, so that the sentence in Paragraph 5 which
reads "If the remaining items in Paragraph 4 are not completed by
February 15, 2006, all remaining funds held in escrow will be returned
to Little with no further obligations owed by either party under the
Agreement" is hereby amended to read and replaced by the following".
"If the remaining items in Paragraph 4 are not completed by March 31,
2006 all remaining funds held in escrow will be returned to Little
with no further obligations owed by either party under the Agreement."
2. Except as set forth in paragraph 1, above, the Agreement is hereby
ratified and affirmed in its entirety.
3. This Amendment may be executed simultaneously in one or more facsimile
counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.
4. This Amendment shall be binding upon, and shall insure to the benefit
of, the parties hereto and their respective successors and permitted
assigns.
In Witness whereof the parties have executed this Amendment No. 1 as of the ____
day of January, 2006.
/s/ Xxxxx X. Little
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Xxxxx X. Little
United National Film Corporation
By /s/ Xxxxxx Xxxxxxxxx
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