E-32
Exhibit No. 19
Form 10-SB
Amendment No. 1
XXX, Inc.
File No. 0-26917
MEMORANDUM OF AGREEMENT
This will confirm the terms of the loan transaction between
Buyers United International, Inc., a Utah corporation
("Company")and Xxxxxx Xxxx of #10 Smed Lane, Calgary, Alberta, CN
T2C 4T5 ("Lender"). The terms are as follows:
(1) Principal amount of the loan is $150,000;
(2) The loan is payable within 30 days following the date on
which demand for payment is made by the Lender to the Company in
writing;
(3) The loan bears interest at the rate of 10% per annum and is
payable at the time principal is paid;
(4) All principal and interest on the loan is convertible to
common stock at the rate of $0.50 per share, subject to
adjustment for stock splits and recapitalizations; and
(5) The loan was made as of September 8, 1998.
Buyers United International,
Inc.
By /s/ Duly Authorized Officer
/s/ Xxxxxx Xxxx