EXHIBIT 10.5
MODIFICATION OF SECURED PROMISSORY NOTE
WHEREAS this agreement is in reference to a loan which is evidenced by an
instrument entitled Secured Promissory Note, (NOTE), dated January 11, 2000
executed by XXX PHARMACEUTICALS for the original principal sum of Fifty Eight
Thousand and 00/100 Dollars ($58,000.00) and payable to the order of FINOVA
CAPITAL CORPORATION.
Principal balance outstanding on this Note as of this date is FIFTY TWO
THOUSAND ONE HUNDRED AND 00/100 DOLLARS ($52,100.00).
NOW THEREFORE, it is agreed by the undersigned parties that the Note shall be
amended in the following respect:
Maturity date of the Note shall be extended to May 21, 2002.
Except as noted above, all the terms, conditions and provisions of said Note
shall remain unchanged and in full force and effect.
Date: May 19, 2000 Loan Number: LEE10
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FINOVA CAPITAL CORPORATION XXX PHARMACEUTICALS
a Delaware corporation a California corporation
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By: XXXXXX XXXXX By: XXXXXX X. XXX
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Xxxxxx Xxxxx, Vice President Xxxxxx X. Xxx, President
