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EXHIBIT 10.1
AMENDMENT TO CONVERTIBLE PROMISSORY NOTE
Principal Amount: $450,000 Date: May 30, 2000
Salt Lake City, Utah
WHEREAS, SPORTSNUTS.COM INTERNATIONAL, INC., a Delaware corporation and
SPORTSNUTS.COM, INC., a Delaware corporation (collectively, "Maker"), have
issued and sold a certain convertible promissory note, dated February 1, 2000
(the "Note"), to Gardner Management Profit Sharing Plan and Trust ("Holder");
and
WHEREAS, Maker desires to grant the Holder voting rights with respect to
the shares of common stock that would be issuable upon the conversion of this
Note.
NOW, THEREFORE, Section 6.6 of the Note is hereby restated in its entirety
as follows:
6.6 Voting Rights. While the Note remains outstanding and without requiring
conversion hereof, Holder shall be entitled to vote any and all shares that
would have been received by Holder pursuant to such conversion. Holder shall be
entitled to vote with all holders of Common Stock of the Company on all matters
to which such holders of Common Stock would be entitled to vote. Each share
reserved for issuance pursuant to this Note shall be entitled to one (1) vote
per share.
IN WITNESS WHEREOF, Maker has executed this amendment to the Note as of the
date first above written.
"Maker"
SPORTSNUTS.COM INTERNATIONAL, INC.
By /s/ Kenneth Denos
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Kenneth Denos
Executive Vice President
SPORTSNUTS.COM, INC.
By /s/ Kenneth Denos
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Kenneth Denos
Executive Vice President
