Exhibit 10.37
AMENDMENT TO
FORBEARANCE AND STIPULATED
CONFESSION OF JUDGMENT AGREEMENT
This Amendment to Forbearance and Stipulated Confession of Judgment
Agreement (:Agreement") made and entered into as of January 31, 2003, by and
between Xxxx Industries, LLC, a Delaware limited liability Company ("Borrower")
and Planet Polymer Technologies, Inc., a California corporation ("Lender");
WHEREAS, the Borrower and the Lender have heretofore executed a certain
Forbearance and Stipulated Confession of Judgment Agreement ("Agreement") as of
October 25, 2002; and
WHEREAS, the Borrower and the Lender desire to amend said Agreement;
NOW THEREFORE, the Borrower and the Lender hereby amend said agreement
to set forth the payments to be made by Borrower to Lender after January 31,
2003 by deleting the dates and amounts set forth in Section 2 of said Agreement
and substituting the following:
2-01-03 $20,000
3-01-03 $20,000
4-01-03 $20,000
5-01-03 $20,000
6-01-03 $20,000
7-01-03 $20,000
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the ____, day of January, 2003.
BORROWER: LENDER:
Xxxx Industries, LLC, Planet Polymer Technologies, Inc.,
a Delaware limited liability company a California corporation
By: _____________________________ By: _________________________________
Its: Manager Its: ________________________________
