Exhibit 10.25
GOLD HORSE
INTERNATIONAL, INC.
No. 31 Tongdao South Road
Hohhot, Inner Mongol F4 010030
Attn: Liankuan Yang, Chief Executive
Officer
June 26, 2009
VIA E-MAIL
Alpha Capital Anstalt
Whalehaven Capital Fund Limited
Ancora Greater China Fund, LP
Excalibur Small-Cap Opportunities LP
Enable Growth Partners LP
Enable Opportunity Partners LP
Pierce Diversified Strategy Master Fund LLC,
ena
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Re:
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First Amendment to Debenture and Warrant
Amendment Agreement
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Dear Above-Referenced Holders:
Reference is made to that certain
Debenture and Warrant Amendment Agreement (the “
Amendment ”), dated May 18, 2009, by and among Gold
Horse International, Inc. (the “ Company ”) and
the above-referenced holders (“ Holders ”).
Capitalized terms not defined herein shall have the meaning
ascribed to such terms in the Amendment. Upon the execution of the
Amendment, the Company was required to pay the Holders, in the
aggregate, $382,481 (“ Initial Installment ”).
To date, the Initial Installment has not been made by the Company
to the Holders. The Holders have agreed to extend the payment date
of the Initial Installment to July 24, 2009 without penalty.
In the event that the Initial Installment is not made on or before
July 24, 2009, in addition to any legal remedies the Holders may
have against the Compan
