EXHIBIT 10.36
Page 1
MODIFICATION TO PROMISSORY NOTE
WHEREAS, on February 20, 1996, Xxx Pharmaceuticals ("Maker") and Xxxx
XxXxxxx ("Holder") entered into an agreement ("Note") whereby Xxx
Pharmaceuticals was to pay to Xxxx XxXxxxx the sum of One Hundred Thousand
Dollars; and
WHEREAS, the parties thereto now desire to further modify said Note;
NOW, THEREFORE, the parties modify said Note as follows:
1. The maturity date of the Note is extended from February 20, 1997,
until December 1, 1998.
2. The per annum interest rate has been increased from 15% to 20%
effective November 1, 1997.
3. All other terms and conditions of the Note remain the same.
Date this 13 day of February, 1997.
Xxxxxx X. Xxx
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Xxx Pharmaceuticals
By: Xxxxxx X. Xxx, President
Xxxx XxXxxxx
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Xxxx XxXxxxx