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AMENDMENT TO FINANCING AGREEMENT

Loan Agreement

AMENDMENT TO FINANCING AGREEMENT | Document Parties: NATIONAL LAMPOON INC | Ratko Productions, Inc | Red Rock Productions, Inc You are currently viewing:
This Loan Agreement involves

NATIONAL LAMPOON INC | Ratko Productions, Inc | Red Rock Productions, Inc

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Title: AMENDMENT TO FINANCING AGREEMENT
Date: 10/2/2009
Industry: Misc. Financial Services     Sector: Financial

AMENDMENT TO FINANCING AGREEMENT, Parties: national lampoon inc , ratko productions  inc , red rock productions  inc
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EXHIBIT 10.2

AMENDMENT TO FINANCING AGREEMENT

 

 

This Amendment to Financing Agreement (the "Amendment") is made effective as of October 31, 2006, by and between Ratko Productions, Inc. ("RATKO"), and Red Rock Productions, Inc., a Nevada corporation ("RRP"), with reference to the following facts:

 

"WHEREAS, RATKO and RRP have entered into that certain Financing Agreement dated as of October 31, 2006, (the "Agreement") ") regarding financing arrangements for a theatrical motion pictures ("Picture"). Except as otherwise set forth herein, all defined terms shall have the meanings given to them in the Agreement.

 

WHEREAS, RATKO and RRP desire to amend the Agreement in accordance with the terms and conditions more fully set forth in this Amendment.

 

NOW THEREFORE, for good and valuable consideration, the parties hereby agree to amend the Agreement in accordance with the following terms and conditions:

 

1.  Section 2 Recoupment of Investment will be deleted in its entirety and the following paragraph will be added in its place:

 

 

2. Recoupment of Investment: RRP will be entitled to recoup its investment plus interest at ten p


 
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