Allonge to Subordinated Promissory Note between Nutrition For Life International, Inc. and Pailla Reddy

Summary

Nutrition For Life International, Inc. and Pailla Reddy have agreed to amend the terms of a $2,500,000 subordinated promissory note. The amendment changes the due date for the first $1,000,000 principal payment (plus interest) to the earlier of either the sale of most or all of NFLI’s assets or stock, or May 17, 2001. This amendment does not discharge the original note and is effective November 17, 2000, pending consent from NFLI’s senior lender, General Electric Capital Corporation.

EX-10.40(A) 5 dex1040a.txt ALLONGE TO SUBORDINATE PROMISSORY NOTE EXHIBIT 10.40(a) Allonge To Subordinated Promissory Note Under date of November 17, 1999, Nutrition For Life International, Inc., a Texas corporation ("NFLI") made a Subordinated Promissory Note (the "Note") to Pailla Reddy ("Reddy") in the principal amount of $2,500,000. NFLI and Reddy agree to amend the Note to provide that the first payment of principal of $1,000,000, plus interest, which was originally due one year from the date of the Note shall be due the earlier to occur of (i) the sale of all or substantially all of the assets or stock of NFLI; or (ii) May 17, 2001. This Allonge is an amendment to the Note and does not constitute discharge of the Note. This Allonge has been executed to be effective November 17, 2000, and is subject to the consent of General Electric Capital Corporation, NFLI's Senior Lender. NUTRITION FOR LIFE INTERNATIONAL, INC. ______________________________________ Signature David P. Bertrand -------------------------------------- Print Name President -------------------------------------- Title ACCEPTED: ________________________________ Pailla Reddy