EX-10.2
from SB-1/A
2 pages
Renewal, Extension and Modification of Promissory Note Whereas, on November 29, 2001, Lynn Management, LLC Executed That Certain Promissory Note in the Original Principal Amount of $12,500.00, Payable to Mentor Promotions, Inc. as of July 1, 2004, the Promissory Note Is in Default in the Amount of $10,000.00. Whereas, in Consideration of the Payment of $6,000.00 (Being $5,000 Payment on Principal and $1,000.00 Payment on the Accrued Interest), Mentor Promotions, Inc. Hereby Renews, Extends and Modifies the Original Promissory Note Under the Following Terms: Date of Renewal, Extension and Modification: July 1, 2004 Maker: Lynn Management, LLC Maker's Mailing Address: 8140 Walnut Hill Lane, Suite 700 Dallas, Texas 75231 Payee: Mentor Promotions, Inc. Place for Payment: 5114 Dowell Circle Rockwall, Texas 75032 Principal Amount: $5,000.00 Annual Interest Rate on Unpaid Principal From Date: 8% Annual Interest Rate on Matured, Unpaid Amounts: 18% Terms of Payment (Principal and Interest): $5,000.00 of the Principal Amount Is Due on or Before March 31, 2005 Maker Promises to Pay to the Order of Payee at the Place for Payment and According to the Terms of Payment the Principal Amount Plus All Accrued Interest. All Unpaid Amounts Shall Be Due by the Final Scheduled Payment Date
12/34/56