Extension Agreement to Secured Promissory Note between American United Global, Inc. and Kraft Rt.

Summary

American United Global, Inc. and Kraft Rt. have agreed to extend the maturity date of a $500,000 Secured Promissory Note originally dated September 28, 2005. The new maturity date for the repayment of the note is now set for January 30, 2005. Both parties have acknowledged and agreed to this extension in writing.

EX-10.2 3 v032452_10-2.txt AMERICAN UNITED GLOBAL, INC. 108 Village Square, #327 Somers New York 10589 December 29, 2005 Kraft Rt. Konkoly Thege u. 29-33 Budapest H-1121 Re: Secured Promissory Note dated September 28, 2005 Gentlemen: Reference is hereby made to the Secured Promissory Note (the "Note") dated September 28, 2005 in the amount of $500,000 payable by Kraft Rt. ("Kraft"), a Hungarian corporation, to American United Global, Inc. (the "Company"). We hereby agree to extend the Maturity Date, as defined in the Note, to January 30, 2005. Sincerely, /s/ Robert Rubin ----------------- Robert Rubin, CEO ACKNOWLEDGED AND AGREED: KRAFT RT. By: /s/Zoltan Kiss -------------- Name: Zoltan Kiss Title: Director