Exhibit 10.13
VIA FACSIMILE (000) 000-0000 & REGULAR MAIL
Xx. Xxxx X. XxXxxxxx
0000 XxXxxxx Xxxxxxx Xxxxx, #000
Xxx Xxxxx, XX 00000
Dear Xxxx:
This will confirm our agreement regarding an extension of your
amended promissory note.
1. The terms of your amended promissory note will be extended until
December 31,1998 under the terms required by the national Association
of security Dealers.
2. Butterwings Entertainment Group will pay you the sum of
$6,000.00 monthly, beginning January 1, 1998 and continuing
on the first of each month thereafter until December 31,
1998 or the effective date of Butterwings' Initial Public
Offering, whichever comes first.
3. On the Effective Date of our initial Public Offering,
Butterwings will pay you the sum of $100,000.00, in addition
to the sums payable under your amended promissory note and any
stock or warrants to which you are entitled under our
agreement
4.
In consideration of these payments, you agree to forehear from
the enforcement of any remedies provided in the letter of
September 11, 1997 until December 31, 1998 9in the event that
the Initial Public Offering is not consummated). In addition,
the payments provided herein are in lieu of any other cash
payments provided in that letter
5. With each payment pursuant to paragraph 2 hereof, Butterwings
will provide two pounds of Mrs. Xxxxx's chocolate chip
cookies.
Accepted: Accepted:
--------------------- ----------------------
Xxxx X. XxXxxxxx Xxxxxxx X. Xxxxx
Subscribed and sworn to before me this 8th day of January, 1998
XXXXX X. XXXXXXX
NOTAAY PU8L]C. STATE OF ILLINOIS
MY commission Expires @in-M
0000 Xxxxxxxx Xxxxxx x Xxxxx X x Xxxxxxx Xxxxxxx XX 00000
Voice: 000-000-0000 Fm 847.9251265
