Everest Resources Corp. - FORM 10-Q - EX-10.2 - THIRD AMENDMENT TO PROMISSORY NOTE BY AND BETWEEN COVENANT GROUP OF CHINA INC. AND SUI GENERIS CAPITAL PARTNERS LLC, DATED OCTOBER 28, 2010 - November 15, 2010

Attached files

file filename
10-Q - QUARTERLY REPORT - Everest Resources Corp.f10q0910_covenantchina.htm
EX-31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO RULE 13A-14 AND RULE 15D-14(A), PROMULGATED UNDER THE SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED - Everest Resources Corp.f10q0910ex31i_covenantchina.htm
EX-31.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO RULE 13A-14 AND RULE 15-14(A), PROMULGATED UNDER THE SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED - Everest Resources Corp.f10q0910ex31ii_covenantchina.htm
EX-32.2 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 (CHIEF FINANCIAL OFFICER) - Everest Resources Corp.f10q0910ex32ii_covenantchina.htm
EX-10.1 - FIRST AMENDMENT TO PROMISSORY NOTE BY AND BETWEEN COVENANT GROUP OF CHINA INC. AND WALSTON DUPONT GLOBAL ADVISORS LLC, DATED OCTOBER 28, 2010 - Everest Resources Corp.f10q0910ex10i_covenantchina.htm
EX-32.1 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 (PRINCIPAL EXECUTIVE OFFICER) - Everest Resources Corp.f10q0910ex32i_covenantchina.htm
Exhibit 10.2
 
THIRD AMENDMENT TO PROMISSORY NOTE
 
THIS THIRD AMENDMENT TO PROMISSORY NOTE (this "Amendment") is made and entered into as of October 28, 2010 by and between COVENANT GROUP OF CHINA INC., a Nevada corporation (the "Maker"), and SUI GENERIS CAPITAL PARTNERS LLC, a Delaware limited liability company (the "Payee" and, collectively with Maker, the “Parties”).
 
BACKGROUND
 
A.           On April 22, 2010, Maker and Payee executed a Promissory Note, whereby Maker promised to repay the principal sum of $120,000 in connection with a Bridge Loan Agreement entered into by the Parties of even date (the "Original Note").
 
B.           On June 30, 2010 Maker and Payee sought to amend the Original Note and entered into a First Amendment to Promissory Note (“First Amendment”).
 
C.           On August 30, 2010 Maker and Payee sought to amend the Original Note and entered into a Second Amendment to Promissory Note (“Second Amendment”).
 
D.           Maker and Payee now desire to amend the Original Note as set forth herein.
 
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:
 
1. All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Original Note.
 
2. The second paragraph of the Original Note, as amended by the Second Amendment, reading, “The entire principal balance will be payable in full three (3) months from August 13, 2010[,]” is hereby amended to read in its entirety as follows:
 
“The entire principal balance will be payable in full four (4) months from October 28, 2010.”

3. Except as expressly modified in this Amendment, all of the remaining terms and conditions of the Original Note and the First Amendment shall continue in full force and effect and are hereby ratified and confirmed.
 
[signature page follows]
 
 
 
 
 
 
 
 
 
IN WITNESS WHEREOF, this Amendment has been duly executed by the parties hereto as of the date first written above.
 

COVENANT GROUP OF CHINA INC.

By:         /s/ Justin D. Csik                                                                   
Justin D. Csik, CFO and General Counsel


SUI GENERIS CAPITAL PARTNERS LLC

By:         /s/ Robert Benedict                                                                   
Robert Benedict, Managing Member

 

 

 

 

Everest Resources Corp. Reports