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Exhibit 10.2

 

Merrill Lynch Logo [merrill_logo.jpg]  
Global Private Client Group
 
Merrill Lynch Business
Financial Services Inc.
222 North LaSalle Street
17th Floor
Chicago, Illinois 60601
(312) 499-3284
FAX: (312) 499-3254
         
May 19, 2005

Mr. Chris Broquit
YP Corp
4840 E. Jasmine Street, Suite 105
Mesa, AZ 85205

RE: WCMA LINE OF CREDIT NO. 412-02104 ("Line of Credit")

Dear Mr. Broquist,

It is a pleasure to inform you that we have approved a renewal of the Line of
Credit for YP Corp.

As renewed, the new Maturity Date will be April 30, 2006, with all other terms
and conditions remaining unchanged. In connection with this renewal, a
$10,000.00 fee will be charged to the WCMA Account.

Should you have any questions, please contact Nick Zappia at (213) 236-2077.

Very truly yours,

Merrill Lynch Business Financial Services Inc.

By:
/s/ Jack Gongaware
 
Jack Gongaware
 
Credit Manager

 
 
cc:
Nick Zappia

Richard W. Tribble
 

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