Document:

EXHIBIT 4.36.2

             SECOND AMENDMENT TO SERIES CC PREFERRED STOCK PURCHASE
                                   AGREEMENT
                                       AND
               AMENDMENT TO AMENDED REGISTRATION RIGHTS AGREEMENT

THIS AMENDMENT  (this  "Amendment")  is dated effective as of June 27, 2001 (the
"Effective Date"), by and among VALUESTAR  CORPORATION,  a Colorado  corporation
(the  "Company"),   ECOMPANIES   VENTURE  GROUP,   L.P.,  a  _________   limited
partnership,   FIRST  DATA   MERCHANT   SERVICES   CORPORATION,   a  ___________
corporation,  HULL CAPITAL CORP.  PROFIT  SHARING PLAN AND TRUST,  HULL OVERSEAS
LTD., a ___________ corporation,  J.M. HULL ASSOCIATES,  LP, a _________ limited
partnership,  C.E. UNTERBERG, TOWBIN CAPITAL PARTNERS I, LP, a _________ limited
partnership,  DAVRIC  CORPORATION,  a ___________  corporation,  PALERMO  TRUST,
SUNRISE MANAGEMENT, INC. PROFIT SHARING PLAN, and DUCK PARTNERS, LP, a _________
limited  partnership,  individually a "Shareholder," and collectively,  all such
individuals and entities, the "Shareholders").

RECITAL

         WHEREAS,  Company  has  filed  with  the  SEC a  proxy  for  a  special
shareholder meeting currently scheduled on July 20, 2001.

         WHEREAS,  at this  meeting  it is the  Company's  intent  to adopt  and
approve  amended  and  restated  articles  of  incorporation  that,  inter alia,
increase  the  authorized  number of shares of Common Stock from  50,000,000  to
200,000,000  shares and the authorized  number of shares of Preferred Stock from
5,000,000 to 10,000,000 shares (the "Amended Articles").

         WHEREAS,  the  Company  intends to (i) submit the proxy  statement  and
Amended Articles to the  stockholders for their approval,  (ii) recommend to the
stockholders  that  they  approve  and  adopt the  Restated  Articles  and (iii)
promptly  following  such approval and  adoption,  file the Amended and Restated
Articles with the Colorado Secretary of State; and

         WHEREAS,   pursuant  to  paragraph   2.1  of  the  September  14,  2000
Registration  Rights  Agreement  as  amended by the First  Amended  Registration
Rights Agreement dated January 4, 2001 (the  "Registration  Rights  Agreement"),
and an amendment dated April 24, 2001, the Company represented that it would use
its best  efforts  to  prepare  and  file  with the  Commission  a  Registration
Statement on Form S-3 by June 30, 2001.

         WHEREAS,  the  Company  believes  that  it  would  not be in  the  best
interests  of the  Company or of the  holders of the Series CC stock to do so as
there is not sufficient  authorized  shares available for the registration to be
completed until the authorized shares are increased as contemplated above; and

         WHEREAS,  pursuant  to  Article  IX  subsection  (x) of the  Series  CC
Preferred  Stock  Purchase  Agreement,  the Company is limited in its ability to
attract and reward employees due to the increased

                                  Page 1 of 4

<PAGE>

number of shares outstanding in the Company;

         NOW,  THEREFORE,  to allow the  Company to  proceed  in an orderly  and
efficient  manner with the  foregoing  plans,  the  undersigned  desire to amend
certain  agreements,  more fully described  hereinafter,  in accordance with the
terms set forth in this Agreement.

         1.  The  reference  in  paragraph  2.1(a)  of the  Registration  Rights
Agreement to "within 120 days following the Initial  Closing,"  having been once
amended to June 30, 2001 is further  amended to "by  September 30, 2001" so that
the opening line of 2.1(a) reads:

                  "(a) by September  30,  2001,  use its best efforts to prepare
         and file with the Commission a Registration Statement on Form S-3 . . .
         [remainder of paragraph unchanged].

         2.  The  reference  in  Article  IX  subsection  (x) of the  Series  CC
Preferred  Stock  Purchase  Agreement is hereby amended to replace "in excess of
5,000,000  shares." to "in excess of 10,000,000  additional shares available for
option grants."

         3. This  Amendment  may be signed  in one or more  counterparts  and by
facsimile  signature,  each of which is an  original,  and all of which shall be
deemed one instrument.

                                   COMPANY:

                                   VALUESTAR CORPORATION

                                   By:  /s/ James Stein
                                        ---------------
                                   Name:  James Stein
                                   Its:    President and Chief Executive Officer

                                  Page 2 of 4

<PAGE>

                                 SIGNATURE PAGES
                                       TO
             SECOND AMENDMENT TO SERIES CC PREFERRED STOCK PURCHASE
                                    AGREEMENT
                                       AND
               AMENDMENT TO AMENDED REGISTRATION RIGHTS AGREEMENT

                                                 ECOMPANIES VENTURE GROUP, L.P.

                                                 By: /s/ Steven Ledger
                                                     -----------------
                                                 Name:  Steven Ledger
                                                 Its:   Managing General Partner

                                                 FIRST DATA MERCHANT SERVICES
                                                 CORPORATION

                                                 By: /s/ Richard E. Aiello
                                                     ---------------------
                                                 Name: Richard E. Aiello
                                                 Title: Senior Vice President

                                                 HULL CAPITAL CORP. PROFIT
                                                 SHARING PLAN AND TRUST

                                                 By: /s/ J. Mitchell Hull
                                                     --------------------
                                                 Name:  J. Mitchell Hull
                                                 Title: Trustee

                                                 HULL OVERSEAS LTD.

                                                 By: /s/ J. Mitchell Hull
                                                     --------------------
                                                 Name:  J. Mitchell Hull
                                                 Title:

                                                 J.M. HULL ASSOCIATES, LP

                                                 By: /s/ J. Mitchell Hull
                                                     --------------------
                                                 Name:  J. Mitchell Hull
                                                 Title:

                                  Page 3 of 4

<PAGE>

                                 SIGNATURE PAGES
                                       TO
             SECOND AMENDMENT TO SERIES CC PREFERRED STOCK PURCHASE
                                   AGREEMENT
                                       AND
               AMENDMENT TO AMENDED REGISTRATION RIGHTS AGREEMENT

                                      C.E. UNTERBERG, TOWBIN CAPITAL PARTNERS I,
                                      LP

                                      By: /s/ Robert Matluck
                                          ------------------
                                      Name:  Robert Matluck
                                      Title: A Managing Member of the GP

                                      DAVRIC CORPORATION

                                      By: /s/ Jerry E. Polis
                                          ------------------
                                      Name: Jerry E. Polis
                                      Title: President

                                      PALERMO TRUST

                                      By: /s/ James A. Barnes
                                          -------------------
                                      Name: James A. Barnes
                                      Title: Trustee

                                      SUNRISE MANAGEMENT, INC. PROFIT SHARING
                                      PLAN

                                      By: /s/ James A. Barnes
                                      Name:  James A. Barnes
                                      Title:  Trustee

                                      DUCK PARTNERS, LP

                                      By: /s/ J. Mitchell Hull
                                          --------------------
                                      Name: J. Mitchell Hull
                                      Title:

                                  Page 4 of 4EXHIBIT 10.29

January 25, 2000

                                 CONSULTING AND
                     FINANCIAL COMMUNITY RELATIONS AGREEMENT
                            FOR VALUESTAR CORPORATION

================================================================================

This Consulting and Financial Community Relations Agreement (the "Agreement") is
entered into as of January 25, 2000 between ValueStar Corporation  ("ValueStar")
and Hull Capital Corp. ("Hull Capital").

WHEREAS,  ValueStar  hereby engages Hull Capital and Hull Capital hereby accepts
such engagement to provide  consulting  services to ValueStar for the purpose of
helping ValueStar  increase  visibility in the financial  community,  subject to
terms and conditions set forth herein. Duties and activities will consist of the
following as from time to time requested by ValueStar:

1.                Arrange informational meetings between ValueStar and prominent
                  institutional investors, portfolio managers, brokers, buy-side
                  and   sell-side   research   analysts   and  other   financial
                  professionals  in the  investment  community  to increase  and
                  maintain interest in ValueStar.

2.                Provide ValueStar with information  regarding  developments in
                  the financial  markets that may have use in formulating  their
                  long and short-term funding strategies.

3.                Maintain  dialog  with  investors  to whom  Hull  Capital  has
                  introduced  to  ValueStar  in  order  to  increase   awareness
                  throughout    our   network   of   investors   and   financial
                  professionals.   In  addition,  this  network  can  provide  a
                  continual  source of feedback on investors'  attitudes  toward
                  ValueStar's business and strategic initiatives.

Hull Capital will serve as an  independent  consultant to ValueStar for a period
of two (2) years from the date hereof and subject to the termination  provisions
set out herein.

This Agreement is independent of any other relationship, directly or indirectly,
between the parties.

<PAGE>

As the sole consideration for the consulting services provided hereunder by Hull
Capital, ValueStar will compensate Hull Capital as follows:

         1.       Upon  execution  of this  Agreement,  Hull  Capital  shall  be
                  granted  warrants  exercisable  into an  aggregate  of 500,000
                  shares of  ValueStar's  common shares at an exercise  price of
                  $1.00 for a term of five (5) years.

                  (a)      The 500,000 warrants will vest as follows:

                           250,0000  warrants  shall be exercisable on grant for
                           the first year's service.

                           250,000  warrants  shall vest and become  exercisable
                           after twelve months from the date of this  Agreement,
                           upon commencement of the second year of services.

         2.       When  and as the  Series  CC form S3  registration  is  filed,
                  ValueStar  will include  these  warrants in such  registration
                  statement, the expense of which shall be borne by the issuer.

         3.       The warrants  are to contain  language  consistent  with prior
                  warrant  agreements  entered  into by the Company and as to be
                  negotiated by officers of the Corporation.

         4.       In  addition,  ValueStar  will pay all  pre-approved  expenses
                  incurred by Hull Capital.

This Agreement will be subject to the following terms and conditions:

         1.       ValueStar may terminate  this  Agreement  with 60 (sixty) days
                  prior written notice to Hull Capital upon (i)  representations
                  or statements  concerning  ValueStar or its  operations  being
                  made by Hull Capital, its employees or agents to third parties
                  which are not based on public  information or not contained in
                  or based on the written material provided by ValueStar to Hull
                  Capital,  (ii) the gross  negligence or willful  misconduct of
                  Hull Capital,  its employees or agents,  or (iii) a failure by
                  Hull  Capital,  its  employees  or agents  to comply  with all
                  applicable  laws.  Upon  termination of this  Agreement,  Hull
                  Capital shall be entitled to receive its  compensation in full
                  as provided for in this Agreement and shall retain any and all
                  rights granted to Hull Capital under this Agreement, including
                  Hull  Capital's  right to exercise  (i) the  warrants and (ii)
                  registration rights, granted under this Agreement.

         2.       Nothing in this  Agreement  shall  create any  partnership  or
                  joint venture between the parties

<PAGE>

                  hereto;  it being  understood  and agreed that the parties are
                  independent contractors and neither ValueStar nor Hull Capital
                  has the authority to bind the other in any way.

         3.       This  Agreement  has  been  made in the  State of New York and
                  shall be construed  and governed in  accordance  with the laws
                  thereof, without giving effect to its conflict of laws.

         4.       This Agreement  constitutes the entire  agreement  between the
                  parties and supersedes any prior  agreements,  whether written
                  or  oral,   between  the  parties  regarding  the  duties  and
                  activities  described  herein.  No modification,  extension or
                  change in the  Agreement  shall be  effective  unless it is in
                  writing and signed by both parties.

ACCEPTED BY:

HULL CAPITAL CORP.                                   VALUESTAR CORPORATION

BY: /s/ J. Mitchell Hull                             BY: /s/ James Stein
    --------------------                                 ---------------

TITLE: President                                     TITLE: CEO
       ---------                                            ---

DATE: 1/25/01                                        DATE: 1/25/01
      -------                                              -------

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