Allonge #1 to Promissory Note between MannKind Corporation and Alfred E. Mann

Summary

This document is an amendment to a promissory note originally issued by MannKind Corporation to Alfred E. Mann for $150 million. The amendment allows any prepaid amounts under certain sections of the note to be reborrowed and reduces a specified amount in Section 5 from $50 million to $10 million. The amendment is effective as of October 30, 2006, and is signed by both parties' authorized representatives.

EX-10.2 2 v24642exv10w2.htm EXHIBIT 10.2 exv10w2

EXHIBIT 10.2

ALLONGE # 1

This Allonge # 1 is hereby attached to and made a part of the Promissory Note dated August 2, 2006 (the “Note”) executed by MannKind Corporation, a Delaware corporation (“Borrower”) in the original principal amount of $150,000,000 in favor of Alfred E. Mann (“Lender”). All capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Note.

1. Section 4.4 of the Note is hereby amended by deleting the last sentence thereof and substituting therefor: “Any amount prepaid pursuant to Section 4.2 or Section 4.3 hereof may be reborrowed in accordance with Section 5 hereof.”

2. Section 5 of the Note is hereby amended by deleting “$50,000,000” in the 7^th line thereof and substituting therefor “$10,000,000”.

IN WITNESS WHEREOF, the parties hereto have caused this Allonge # 1 to be executed and delivered by their duly authorized officers on October 30, 2006.


MannKind Corporation
By:	/s/ Dick Anderson
	Name:	Dick Anderson
	Title:	Chief Financial Officer


/s/ Alfred E. Mann
Alfred E. Mann