ALLONGE NO. 2
THIS ALLONGE No. 2, by Linsang Manufacturing, Inc. (the "Obligor") and New
Regent Industries Limited and Crown Xxxxxx (the "Holder") is to be attached to
and made part of that certain Convertible Note, made by the Obligor, dated June
26, 2002, for a principal amount of $2,000,000 (the "Note") as modified by that
certain Allonge, by and between the Obligor and Fuel Centers, Inc. on October
15, 2002 ("Allonge No. 1").
WHEREAS, the Holder is the owner of all of the beneficial interest in the
Note;
NOW THEREFORE, for good and valuable consideration acknowledged to have
been received, Obligor and Holder agree to change the Maturity of the Note as
follows:
1. Paragraph number 1 of the Note is deleted in its entirety and
replaced with the following:
"The principal balance of the Note shall be payable, together with
all interest thereon, on demand, subject to Section 4 herein. Upon
the payment in full of the outstanding principal and all accrued but
unpaid interest and charges (as referenced in Section 5 below)
thereon, this Note shall be surrendered to the Obligor for
cancellation."
2. This Allonge No. 2 shall be attached to the Note and made a part
thereof for all purposes as if executed on the date of the Note.
Holder's signature below is affixed to evidence its agreement with
the provisions of this Allonge No. 2.
LINSANG MANUFACTURING, INC.
/s/ Xxxx X. Xxxxxxx
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By: Xxxx X. Xxxxxxx
Title: President
NEW REGENT INDUSTRIES LIMITED
AND CROWN XXXXXX
/s/ Xxxxxxx Xxxxxx
-----------------------------------------
By: Xxxxxxx Xxxxxx
Title: President
/s/ Xx Xxxxxxxx Xxx Man
-----------------------------------------
By: Xx Xxxxxxxx Sau Man, Director,
representing Xxxxxxxx Agents, Ltd.
