MODIFICATION OF SECURED PROMISSORY NOTESecured Promissory Note Modification • May 13th, 2003 • Lee Pharmaceuticals • 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.
