AMENDMENT NO. 1Secured Convertible Term Note Amendment • February 4th, 2005 • Petrol Oil & Gas Inc • Crude petroleum & natural gas • New York
This Amendment No. 1 (this "Amendment"), dated as of January 28, 2005, is entered into by and between PETROL OIL AND GAS, INC., a Nevada corporation (the "Company"), and LAURUS MASTER FUND, LTD., a Cayman Islands company ("Laurus"), for the purpose of amending the terms of (i) the Secured Convertible Term Note, dated October 28, 2004 (as amended, modified or supplemented from time to time, the "Term Note") issued by the Company to Laurus and (ii) that certain Registration Rights Agreement, dated as of October 28, 2004, by and between the Company and Laurus (as amended, modified or supplemented from time to time, the "Registration Rights Agreement"). Capitalized terms used herein without definition shall have the meanings ascribed to such terms in the Term Note.
