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ADDENDUM TO REVOLVING CREDIT LINE FOR THE MILLENIUM OPPORTUNITY FUND

Revolving Credit Agreement

ADDENDUM TO REVOLVING CREDIT LINE

FOR THE MILLENIUM OPPORTUNITY FUND
 | Document Parties: INTERACTIVE GAMES INC. | MILLENNIUM OPPORTUNITY FUND LP You are currently viewing:
This Revolving Credit Agreement involves

INTERACTIVE GAMES INC. | MILLENNIUM OPPORTUNITY FUND LP

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Title: ADDENDUM TO REVOLVING CREDIT LINE FOR THE MILLENIUM OPPORTUNITY FUND
Date: 3/21/2006

ADDENDUM TO REVOLVING CREDIT LINE

FOR THE MILLENIUM OPPORTUNITY FUND
, Parties: interactive games inc. , millennium opportunity fund lp
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Exhibit 10.1

 

ADDENDUM TO REVOLVING CREDIT LINE

FOR THE MILLENIUM OPPORTUNITY FUND

 

January 15, 2006

 

The following should be considered an Addendum to the existing Revolving Credit Line by and between Interactive Games Inc. and the Millennium Opportunity Fund, LP dated August 15, 2005 for the amount of $150,000.00.

 

The parties hereby agree that Section 3 of the Note dated August 15, 2005 states:

 

 

3.  

Issuance of Securities . The Borrower and Lender agree that for each advance made by Lender pursuant hereto, Lender shall receive (i) and option to purchase that number of shares of common stock of Interactive Games equal to 10% of the dollar amount of the advance at an exercise price of $0.20 per share; (ii) an option to purchase common stock of the Borrower equal to 90% of the dollar amount of the advance at an exercise price equal to the average bid price of the Borrower’s common stock for the 10 trading days p


 
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