0001104659-03-009423 Sample Contracts

MODIFICATION OF SECURED PROMISSORY NOTE
Lee Pharmaceuticals • May 13th, 2003 • Perfumes, cosmetics & other toilet preparations

WHEREAS, this agreement is in reference to a loan which is evidence by an instrument entitled Secured Promissory Note, (NOTE), dated February 20, 2001, executed by LEE PHARMACEUTICALS for the original principal sum of Three Hundred Thousand and 00/100 Dollars ($300,000.00) and payable to the order of PREFERRED BUSINESS CREDIT, INC.

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