EXHIBIT 10.11
MODIFICATION AGREEMENT
THIS MODIFICATION AGREEMENT made effective as of the 19th day of January, 0000,
XXXXX:
XXXX XXXXXXX of 000 Xxxxxxxxx Xxxx, Xxxxxx Xxxxxx Xxxx, Xxxxxxxx,
00000
("Xxxx")
AND:
SECOND STAGE VENTURES, INC., a corporation incorporated under the laws
of the State of Nevada and having an office at P.O. 280, 92 Xxxx Xxxx,
Windward Road, Providenciales, Turks & Caicos Island, B.W.I.
("Second Stage")
AND:
XXXXXXXXXX.XXX, INC., a corporation incorporated under the laws of the
State of Washington and having an office at Suite 400 - 107 000 Xxxx
Xxxxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxxxx, 00000
("EasyTrivia")
WHEREAS:
A. By an agreement made effective as of the 5th day of October, 2000 (the
"Financing Agreement") among Xxxx, Second Stage, EasyTrivia and Xxxxx Snejdar
("Xxxxx"), Second Stage agreed to provide EasyTrivia with certain financing in
order to allow EasyTrivia to develop its online trivia game show business;
B. By an agreement made effective as of the 27th day of October, 2000 (the
"Assignment Agreement") among Xxxx, Xxxxx and EasyTrivia, Xxxxx assigned to Xxxx
all of Brent's right, title and interest in, to and under the Financing
Agreement and all the benefits to be derived therefrom and Xxxx accepted such
assignment;
C. The parties wish to amend the Financing Agreement as hereinafter set forth.
NOW THEREFORE THIS Modification Agreement witnesses that in consideration
of the covenants and agreements herein contained and other good and valuable
consideration (the
receipt and sufficiency of which is hereby acknowledged and
agreed to by the parties), the parties hereto hereby covenant and agree as
follows:
1. The date contained in the first line of section 2.1 of the Financing
Agreement shall be extended from March 30, 2001 to April 30, 2001.
2. The date contained in the first line of section 3.1 of the Financing
Agreement shall be extended from May 31, 2001 to June 30, 2001.
3. The date contained in the first line of section 3.1(a) of the Financing
Agreement shall be extended from June 15, 2001 to July 13, 2001.
4. The date contained in the second line of section 3.1(b) of the Financing
Agreement shall be extended from June 15, 2001 to July 13, 2001.
5. The date contained in the first line of section 3.2 of the Financing
Agreement shall be extended from May 31, 2001 to June 30, 2001.
6. The date commencing at the second line of section 3.2 of the Financing
Agreement and ending at the beginning of the third line of the Financing
Agreement shall be extended from June 15, 2001 to July 13, 2001.
7. The date contained in the fourth line of section 3.2 of the Financing
Agreement shall be extended from July 2, 2001 to August 1, 2001.
8. The date contained in the third line of section 5.1 of the Financing
Agreement shall be extended from August 1, 2001 to September 3, 2001.
9. Xxxxxxx & Xxxxxx are solicitors for Second Stage only. EasyTrivia and Xxxx
each confirm and agree that Xxxxxxx & Xxxxxx is not providing either of them
with any legal or other advice in connection with this Modification Agreement.
Xxxx and EasyTrivia each confirm and agree that they each have been duly advised
(and fully and fairly informed with respect to such matters) to obtain all
necessary and independent legal and other applicable professional advice and
counsel prior to entering into this Modification Agreement. Xxxx and EasyTrivia
have either obtained all such advice and counsel or have determined to their own
satisfaction, having been fully and fairly informed therein, not to seek such
advice and counsel.
10. Save as amended hereby, all of the terms of the Financing Agreement shall
continue in full force and effect.
-2-
11. This Modification Agreement may be executed in counterparts.
IN WITNESS WHEREOF the parties have duly executed this Modification Agreement to
be effective as of the date first written above.
SIGNED, SEALED & DELIVERED
by XXXX XXXXXXX )
in the presence of: )
)
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Signature of Witness )
Name: )
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Address: ) XXXX XXXXXXX
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)
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Occupation: )
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SECOND STAGE VENTURES, INC.
by its authorized signatory:
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Authorized Signatory
XXXXXXXXXX.XXX, INC.
by its authorized signatory:
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Authorized Signatory
