EXHIBIT 10.2
 
 
FIRST AMENDMENT TO B&D FOOD CORPORATION PREFERRED SHARE SUBSCRIPTION AGREEMENT
 
 
THIS FIRST AMENDMENT TO SUBSCRIPTION AGREEMENT (this "Agreement") is made as of
November 19, 2008, by and among B&D Food Corporation, a corporation organized
under the laws of Delaware ("BDFC"), and Daniel Ollech, Jacques Ollech and Mark
Radom, each an individual residing in Israel (the "Purchasers").
 
Whereas, the parties hereto entered into a subscription agreement (the “Original
Agreement”) relating to the Series A Preferred Shares (defined below) on
September 28, 2008 in order to convert the outstanding principal and interest
owing in respect of a $10,000,000 pursuant to a promissory note dated July 8,
2005, as amended by the amendment to the promissory note dated May 7, 2007 and a
second amendment to the promissory note dated September 28, 2008 (the “Note”),
as well as certain management fees owed to Daniel and Jacques Ollech into equity
in BDFC;
 
Whereas, the parties to the Original Agreement erroneously indicated the number
of Series A Preferred Shares referenced therein as 373,595,592 and now wish to
correct this mistake by indicating the correct number of shares;
 
Now, therefore, in consideration of the mutual premises and covenants contained
herein, and intending to be legally bound, the parties hereto agree as follows:
 
1. Section 1.1 of the Original Agreement shall be hereby amended by replacing
“373,595,592” with “3,735,956”.  Section 1.2 of the Original Agreement shall be
amended by adding at the end of this section the text “and Daniel Ollech and
Jacques Ollech releasing their claim for certain management fees promised to
them by BDFC (the Series A Preferred Shares corresponding to such management
fees being 992,067 Series A Preferred Shares).” The second bullet point in
Section 1.3 shall hereby be amended by replacing “one” with “ten”.  These
amendments shall be effective as of September 28, 2008.
 
2. All other terms and conditions of the Original Agreement remain in full force
and effect.
 
3. Governing Law and Jurisdiction. This Agreement shall be governed by, and be
construed in accordance with, the laws of the State of New York (without giving
effect to the conflicts of laws provisions thereof). The parties agree that any
disputes arising hereunder shall be submitted to the non-exclusive jurisdiction
of the courts of the State of New York.
 
IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and
year first above written.
 
 
B&D Food Corporation
 
 
_______________________________
 
Daniel Ollech
 
 
_______________________________

Jacques Ollech
 
 
_______________________________

Mark Radom

 
______________________________
 
 
 
 

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