Amendment to $4,000,000 Debenture between U.S. Plastic Lumber Corp. and Halifax Fund, L.P. (August 9, 2001)

Contract Categories: Business Finance › Modification Agreements
Summary

U.S. Plastic Lumber Corp. and Halifax Fund, L.P. have agreed to amend their $4,000,000 Debenture dated June 15, 2001. The amendment changes the maturity date of the Debenture from May 31, 2002, to July 1, 2002. All other terms and conditions of the original Debenture remain the same. Both parties have acknowledged and accepted this change in writing.

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EX-10.2 4 g71166ex10-2.txt LETTER AGREEMENT DATED AUGUST 9, 2001 1 EXHIBIT 10.2 [U.S. PLASTIC LUMBER CORP. LETTERHEAD] August 9, 2001 Robert Chender, Managing Director Halifax Fund, L.P. 195 Maplewood Avenue Maplewood, NJ 07040 VIA FACSIMILE: (973)-313-6491 Re: DEBENTURE DATED JUNE 15, 2001 Dear Robert: This letter shall constitute an amendment to the $4,000,000 Debenture dated June 15, 2001 ("Debenture") between the Company and Halifax Fund, L.P. The Maturity date set forth in said Debenture shall be changed to July 1, 2002 from May 31, 2002. All other terms and conditions of the Debenture shall remain unchanged. Please acknowledge your acceptance of this change by signing below. Very truly yours, /s/ Bruce C. Rosetto - ---------------------------------- Bruce C. Rosetto Vice President and General Counsel Acknowledged and Accepted By: /s/ Robert Chender - ---------------------------------- Robert Chender, Managing Director Halifax Fund, L.P.