Exhibit 10.2
Energy Venture, Inc.
0 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
April 28, 2006
Xxxxxx Xxxxxx
President
ABC Funding, Inc.
0000 Xxxxx 000 Xxxx
Xxxxx, Xxxx 00000
Gentlemen:
Reference is made to that certain Stock Purchase Agreement dated as of
April 3, 2006 by and among Energy Venture, Inc. and the selling stockholders
named therein (the "Purchase Agreement").
Notwithstanding anything to the contrary contained in the Purchase
Agreement, this confirms that Energy Venture, Inc. ("Purchaser") hereby agrees
to purchase from the Sellers, and Sellers hereby agree to sell to Purchaser,
only an aggregate of 8,200,000 shares of the Common Stock of ABC Funding, Inc.
held by such Sellers (the "Purchased Shares") for and in consideration of an
aggregate reduced purchase price of $433,037.00.
With respect to the shares of the Company's common stock other than the
Purchased Shares that are included in the Purchase Agreement (the "Other
Shares"), Sellers hereby excuse Purchaser from any obligation to acquire from
Sellers the Other Shares and Purchaser hereby excuses Sellers from any
obligation to sell to Purchaser the Other Shares, in each case with the
understanding that the Other Shares are to be acquired by third parties directly
from the appropriate selling stockholders.
All terms used and not otherwise defined herein shall have the meanings
ascribed to such terms in the Purchase Agreement.
ENERGY VENTURE, INC.
By: /s/ Xxxx Xxxxxx
--------------------------
Xxxx Xxxxxx
President
/s/Xxxxxx Xxxxxx
-------------------------
Xxxxxx Xxxxxx
