EX-10.4
from SB-2
1 page
January 1, 2004 Effective Date First Class Mail Dennis Odom 9421 Pebble Beach Ne Albuquerque, Nm 87111 Dennis: The Purpose of This Writing Is to Confirm the Amended Terms of the Repayment on That Certain Renewal and Extension Agreement Note Due You by Founders Industries, Inc., Dated April 8, 2003, in the Original Principal Amount of $200,000.00 Usd. the Effective Date of the Below-Listed Changes Is 1/1/04. 1. There Will Be a One-Year Moratorium on Payments of Principal and Interest. the Next Payment Will Be in January, 2005. 2. Interest Will Continue to Accrue at the Stated Interest Rate. This Interest Will Be Added to the End of the Note's Amortization Period. There Being Nothing Further, I Remain Sincerely, Bryan L. Walker, President & Chief Executive Officer Dennis Odom
12/34/56
