Document:

EXHIBIT 10.2

               ASSUMPTION, RATIFICATION AND AMENDMENT AGREEMENT

     This ASSUMPTION, RATIFICATION AND AMENDMENT AGREEMENT (this "Agreement")
 dated as of May 16, 2002, is made and entered into by and among Performance
 Interconnect Corp., a Texas corporation, ("PI").  Performance Interconnect
 Corp. of North. Texas, Inc., a Texas corporation ("PINT"), North Texas
 PC Dynamics Inc., a Texas corporation ("NTPCD"), and Fidelity Funding
 Business Credit, Ltd. dba USA. Funding, Ltd., a Texas limited partnership
 ("Purchaser");

                              W I T NE S E T H;

      WHEREAS, PI and Purchaser are parties to that certain First Amended
 and Restated Purchase & Sale Agreement dated as of March 31, 1998 (as
 heretofore amended, the "Original Agreement");

      WHEREAS, pursuant to the terms and conditions of the Original
 Agreement, Purchase agreed to purchase accounts receivable of PI and made a
 term loan to PI, and PI granted a security interest in all of its personal
 property to secure its obligations to Purchaser;

      WHEREAS, PI has notified Purchaser that effective March 23, 2001, PI
 conveyed its machinery and equipment (subject to the 1iens and security
 interests of Purchaser) to NTPCD;

      WHEREAS, PI has further notified Purchaser that effective March 23,
 2001, PI conveyed its accounts receivable and other remaining assets
 (subject to the liens and security interests of Purchaser to PINT; and

      WHEREAS, it is a condition to Purchaser consenting to the transfers
 described above that PI, PINT and NTPCD enter into this Agreement for the
 purposes set forth herein;

      NOW, THEREFORE, in consideration of the premises and other good and
 valuable consideration, the parties hereto agree as follows:

      1.   Assumption of Obligations; Joinder. PINT and NTPCD hereby
 irrevocably and unconditionally agree that they are jointly and severally
 liable with PI for the payment and performance of all indebtedness,
 liabilities, duties, responsibilities and obligations of each of PI, PINT
 and NTPCD arising out of or pursuant to the Original Agreement.  PINT and
 NTPCD each agree to be bound by the provisions of the Original Agreement,
 as hereby amended.

      2.   Amendments to Original Agreement

           (a)  Each reference to "Seller" in the Original Agreement shall
      be deemed to collectively refer to PI, PINT and NTPCD; provided that
      all obligations of Seller under the Original Agreement shall be deemed
      to be the joint and several obligations of each of PI, PINT and NTPCD.

           (b) The following subsection (f) is hereby added Section 2 to of
 the Original Agreement:

               "(f) On the date Seller executes and delivers an Assumption,
           Ratification and Amendment Agreement to Seller (the "Execution
           Date"), Seller shall pay to Purchaser a commitment fee equal to
           one percent (1 %) of the Commitment, which fee shall, be prorated
           for the period beginning on the Execution Date and ending on
           August 27, 2002.  Seller further agrees to pay to Seller an
           annual commitment fee in the amount of one percent (1%) of the
           Commitment payable on August 28, 2002, and on each August 28
           thereafter during the Term (as defined in paragraph 14).  Seller
           hereby authorizes Purchaser to deduct each commitment fee from
           the purchase price for Eligible Accounts or to charge each
           commitment fee against the Reserve Accounts, as Purchaser elects
           at its sole discretion."

           (c) Section 4A of the Original Agreement is hereby deleted in its
 entirety. Each reference to an "Inventory Advance" in the Original Agreement
 is hereby deleted.

     3.    Ratification of Documents.  PI, PINT and NTPCD hereby ratify and
 confirm the Original Agreement, as amended hereby. PI acknowledges and
 confirms that the liens and security interests granted under the Original
 Agreement remain in full force and effect and are unimpaired by the
 transfers by PI to PINT and NTPCD and the transactions contemplated hereby.

     4.    Collateral. In order to secure the payment of all indebtedness and
 obligations of Seller to Purchaser, whether presently existing or  hereafter
 arising, each of PI,  PINT and NTPCD hereby  grants to Purchaser a  security
 interest in and lien upon all of such person's right, title and interest  in
 and to (a) the Reserve Accounts and all  payments (if any) due or to  become
 due to Seller  from the Reserve  Accounts; (b) all  accounts (including  all
 health care insurance  receivables), contract  rights, general  intangibles,
 receivables and  claims  whether  now existing  or  hereafter  arising,  all
 guaranties and security therefor and all,  of such person's right title  and
 interest in the goods purchased and  represented thereby, if any,  including
 all of such person's rights in and to returned goods and rights of  stoppage
 in transit, replevin and  reclamation as unpaid  vendor; (c) all  inventory,
 wherever located and whether now or  hereafter existing, (including but  not
 limited to raw material  and work in process,  finished goods and  materials
 used or consumed in  the manufacture or production  thereof goods in  which,
 such person has an interest in mass or  a joint or other interest or  rights
 of any kind, and goods which are returned to or repossessed by such  person)
 and all accessions thereto and, products thereof and documents therefor; (d)
 all furniture,  fixtures,  machinery  and equipment,  wherever  located  and
 whether now  or  hereafter  existing,  and  all  parts  thereof,  accessions
 thereto, and replacements therefor and all documents and general intangibles
 covering or relating thereto;  (e) all books and  records pertaining to  the
 foregoing,  including   but  not   limited  to   computer  programs,   data,
 certificates, records circulation lists, subscriber lists, advertiser lists,
 supplier lists,  customer lists,  customer  and, supplier  contracts,  sales
 orders and purchasing  records; (f) all  trademarks, trade names,  corporate
 names, company  names,  business  names, fictitious  business  names,  trade
 styles, service marks, logos  and any other designs  or sources of  business
 identifiers, indicia of  origin or similar  devices, all registrations  with
 respect thereto, all, applications  with respect to  the foregoing, and  all
 extensions and renewals with respect to any of the foregoing, together  with
 all of  the goodwill,  associated therewith,  in each  case whether  now  or
 hereafter existing,  and  all  rights  and  interest  associated,  with  the
 foregoing; (g)  all  copyrights,  and all  copyrights  of  works  based  on,
 incorporated  in,  derived  from  or  relating  to  works  covered  by  such
 copyrights, and  all right,  title  and interest  to  make and  exploit  all
 derivative works based on or adopted from works covered by such  copyrights,
 all registrations with,  respect thereto, all  applications with respect  to
 the foregoing, and all  extensions and renewals with  respect to any of  the
 foregoing, together  with  all  rights and  interests  associated  with  the
 foregoing; (h) all patents, patent applications, and patentable  inventions,
 all   continuations,   divisions   renewals,   extensions,    modifications,
 substitutions, continuations-in-part, or reissues  of any of the  foregoing,
 the right to sue for past, present,  and future infringements of any of  the
 foregoing, all  income, royalties,  profits, damages,  awards, and  payments
 relating to or payable under any of the foregoing, and all other rights  and
 benefits relating to any of the foregoing throughout the world; and (i)  all
 supporting obligations  and proceeds  of  the foregoing  (collectively,  the
 "Collateral"). Each  of  PI,  PINT  and NTPCD  agrees  to  comply  with  all
 appropriate laws in order to perfect Purchaser's security interest in and to
 the Collateral,  to  execute  any  additional  documents  as  Purchaser  may
 require, to deliver to  Purchaser a list of  all locations of its  inventory
 and equipment and  to obtain  any landlord  or mortgagee  lien waivers  that
 Purchaser may  require.  Each  of  PI,  PINT  and  NTPCD  hereby  authorizes
 Purchaser  to  file   any  financing   statements,  continuations   thereof,
 amendments thereto  or  additional documents  as  Purchaser may  require  to
 perfect its security interest in and to the Collateral. Each of PI, PINT and
 NTPCD shall  provide  written notice  to  Purchaser  of any  change  in  the
 locations at which  it keeps its  inventory and equipment  at least 30  days
 prior to any such change.

      5.   Effective Date.  This Agreement shall become  effective as of  the
 date first above written when, and only when, Purchaser shall have received,
 at  Purchaser's  office,  a  counterpart  of  this  Agreement  executed  and
 delivered by PI,  PINT and  NTPCD and  a counterpart  of each  of the  other
 documents, instruments and agreements listed  on Exhibit A attached  hereto,
 each duly  authorized, executed  and delivered,  and in  form and  substance
 satisfactory to Purchaser.

      6.   Binding  Effect. This Agreement  shall be binding  upon and  shall
 inure  to  the  benefit   of  the  parties   hereto  and  their   respective
 representatives; successors and assigns.

      7.   Counterparts: Definitions. This Agreement may be executed, in  any
 number of counterparts, each of which  shall be deemed an original, and  all
 of which shall constitute one and the same instrument. Any capitalized terms
 used and not otherwise  defined herein have the  meanings given them in  the
 Original Agreement.

      8.   Governing  Law.    THIS  AGREEMENT  SHALL  BE  GOVERNED  BY,   AND
 CONSTRUED AND ENFORCED IN  ACCORDANCE WITH, THE LAWS  OF THE STATE OF  TEXAS
 AND THE LAWS OF THE UNITED  STATES OF AMERICA, WITHOUT REGARD TO  PRINCIPLES
 OF CONFLICTS OF LAW.

 THIS WRITTEN  AGREEMENT AND  THE OTHER  LOAN DOCUMENTS  REPRESENT THE  FINAL
 AGREEMENT BETWEEN THE  PARTIES AND MAY  NOT BE CONTRADICTED  BY EVIDENCE  OF
 PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.

      THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

      IN WITNESS WHEREOF, the parties hereto have executed this Agreement  by
 their duly authorized representatives as of the date first above written.

                          PERFORMANCE INTERCONNECT CORP.

                          By: /s/ D Ronald Allen
                          ___________________________
                          Name:  D Ronald Allen
                          Title: President

                          NORTH TEXAS PC DYNAMICS, INC.

                          By: /s/ D Ronald Allen
                          ___________________________
                          Name:  D Ronald Allen
                          Title: President

                          PERFORMANCE INTERCONNECT CORP. OF NORTH
                          TEXAS, INC.

                          By: /s/ D Ronald Allen
                          ___________________________
                          Name:  D Ronald Allen
                          Title: President

                          FIDELITY FUNDING BUSINESS CREDIT LTD
                          dba USA FUNDING LTD.

                          By: /s/ James M. Kitchens
                          ___________________________
                          James M. Kitchens
                          President, FFBC, Inc.
                          General PartnerEXHIBIT 10.3

                             FOURTH AMENDMENT TO
                AMENDED AND RESTATED PURCHASE & SALE AGREEMENT

      THIS FOURTH AMENDMENT TO AMENDED AND RESTATED PURCHASE & SALE AGREEMENT
 (herein called this "Amendment") made as of the 18 day of June, 2003, by
 and among Performance Interconnect Corp., a Texas corporation. ("PI"),
 Performance Interconnect Corp. of North Texas, Inc., a Texas corporation
 ("PINT"), North Texas PC Dynamics Inc., a Texas corporation ("NTPCD"; PI
 PINT and NTPCD are sometimes collectively referred to herein as "Seller"),
 Third Millenium Development Corp., a Texas corporation ("Third Millenium")
 and Fidelity Funding Business Credit, Ltd. dba USA Funding, Ltd., a. Texas
 limited partnership ("Purchaser"),

                                 WITNESSETH:

      WHEREAS, PI and I-Con Industries, Inc., with PI being the surviving
 entity, and Purchaser entered into that certain Amended and Restated
 Purchase & Sale Agreement dated as of March 31, 1998, as amended by a First
 Amendment to Amended and Restated Purchase & Sale Agreement dated as of
 December 23, 1998, a Second Amendment to Purchase & Sale Agreement dated as
 of October 4, 2000, and a Third Amendment to Purchase & Sale Agreement dated
 as of May 7, 2001 (as so amended, the "Original Agreement"), for the
 purposes and consideration therein expressed, pursuant to which Purchaser
 made certain financial accommodations to PI as therein provided; and

      WHEREAS, pursuant to an Assumption, Ratification and Amendment
 Agreement dated as of May 16, 2002, by and among PI, PINT, NTPCD and
 Purchaser, PINT and NTPCD agreed that they were jointly and severally liable
 with PI for the payment and performance of all obligations of each of PI,
 PINT and NTPCD arising out of the Original Agreement and that they were
 bound by the provisions of the Original Agreement; and

      WHEREAS, Borrower and Purchaser desire to amend the Original Agreement
 to provide for an additional advance to be made to Third Millenium under the
 Term Loan;

      NOW, THEREFORE, in consideration of the premises and the mutual
 covenants and agreements contained herein and in the Original Agreement, in
 consideration of the financial accommodations which may hereafter be made by
 Purchaser to Seller and Third Millenium, and for other good and valuable
 consideration, the receipt and sufficiency of which are hereby
 acknowledged., the parties hereto do hereby agree as follows:

                                  ARTICLE I.

                          Definitions and References
                          --------------------------

      S 1.1 Terms Defined in the Original Agreement.  Unless the context
 otherwise requires or unless otherwise expressly defined herein, the terms
 defined in the Original Agreement shall have the same meanings whenever used
 in this Amendment.

      S 1.2. Other Defined Terms.  Unless the context otherwise requires,
 the following terms when used in this Amendment shall have the meanings
 assigned to them in this S 1.2.

           "Amendment" means this Fourth Amendment to Amended and Restated
           Purchase & Sale Agreement.

           "Purchase Agreement" means the Original Agreement as amended
           hereby.

                                  ARTICLE II.

                       Amendments to Original Agreement
                       --------------------------------

      S 2.1. Term Loan.  Section 24(a) of the Original Agreement is hereby
 amended in its entirely to read as follows:

          Purchaser made an advance to seller on or about October 4, 2000,
      in an aggregate amount of not more than $750,000 (the "Initial
      Advance"). Subject to the terms and conditions hereof, Purchaser
      agrees to make an advance to Third Millenium Development Corp., a
      Texas corporation ("Third Millenium") on or about __________ 2003,
      in the amount of $125,000 (the "Third Millenium Advance") the Third
      Millenium Advance and the initial Advance are sometimes herein
      collectively called the "Term Loan").  Third Millenium will advance
      all funds received under the Third Milleniurn Advance to PINT and
      NTPCD, which advance will be evidenced by a promissory note payable
      to Third Millenium and be subordinated to all obligations of PINT and
      NTPCD to Purchaser.  Seller and Third Millenium hereby agree to repay
      to Purchaser the Term Loan, together with interest thereon, in the
      manner provided herein. The principal owing hereunder in respect of
      the Term Loan at any given time shall equal the aggregate initial
      amount of the Term Loan minus all principal payments thereon received
      by Purchaser hereunder.  Amounts repaid in respect of the Term Loan
      may not be reborrowed hereunder.

                                 ARTICLE III.

                         Conditions of Effectiveness
                         ---------------------------

      S 3.1. Effective Date.  This Amendment shall become effective as of
 the date first above written, when and only when (i) Purchaser shall have
 received, at Purchaser's office, a counterpart of this Amendment executed
 and delivered by Seller, and (ii) Purchaser shall have additionally
 received all of the following documents, each document (unless otherwise
 indicated) being dated the date of receipt thereof by Purchaser, duly
 authorized, executed, and delivered, and in form and substance satisfactory
 to Purchaser:

           (a) General Continuing Guaranty by Third Millennium Development
               Corp. in favor of Purchaser;

           (b) Environmental Indemnity Agreement by Third Millennium
               Development Corp. in favor of Purchaser;

           (c) Deed of Trust, Security Agreement and Fixture Filing by Third
               Millennium Development Corp. for the benefit of Purchaser (the
               "Deed of Trust");

           (d) Certificate of Corporate Resolution, of Third Millemiium
               Development Corp.;

           (e) Certification, of Non-Foreign Status by Third Millennium
               Development Corp.

           (f) Assignment of Promissory Note by Third Millenium Development
               in favor of Purchaser, together with the original promissory
               note assigned by Third Millenium Development to Purchaser; and

           (g) Mortgagee Title Insurance Policy showing Purchaser as the
               insured, in the amount of $125,000 and written by a title
               insurance underwriter satisfactory to Purchaser insuring
               a valid first lien upon the property covered by the Deed
               of Trust.

                                 ARTICLE IV.

                        Representations and Warranties
                        ------------------------------
      S 4.1. Representations and Warranties of Seller.  In order to induce
 Purchaser to enter into this Amendment Seller represents and warrants to
 Purchaser that:

           (a) The representations and warranties contained in Section 5 of
      the Original Agreement are true and correct at and as of the time of
      the effectiveness hereof.

           (b) Seller is duly authorized to execute and deliver this
      Amendment and is and will continue to be duly authorized to borrow and,
      to perform its obligations under the Purchase Agreement.  Seller has
      duly taken all corporate action necessary to authorize the execution
      and delivery of this Amendment and, to authorize the performance of the
      obligations of Seller hereunder.

           (c) The execution, and delivery by Seller of this Amendment, the
      performance by Seller of its obligations hereunder and the consummation
      of the transactions contemplated hereby do not and will not conflict
      with any provision of law, statute, rule or regulation or of the
      organizational documents of Seller, or of any material agreement,
      judgment, license, order or permit applicable to or binding upon
      Seller, or result in the creation of any lien, charge or encumbrance
      upon any assets or properties of Seller.  Except for those which have
      been, duly obtained, no consent, approval, authorization or order of
      any court or governmental authority or third party is required in
      connection with the execution and delivery by Seller of this Amendment
      or to consummate the transactions contemplated hereby.

           (d) When duly executed and delivered, each of this Amendment and
      the Purchase Agreement will be a legal and binding instrument and
      agreement of Seller, enforceable in accordance with its terms, except
      as limited by bankruptcy, insolvency and similar laws applying to
      creditors' rights generally and by principles of equity applying
      to creditors' rights generally.

                                  ARTICLE V.

                                Miscellaneous
                                -------------

 S 5.1.  Ratification of Agreements  The Original Agreement as hereby
 amended is hereby ratified and confirmed in all respects.  The execution,
 delivery and effectiveness of this Amendment shall not except as expressly
 provided herein, operate as a waiver of any right, power or remedy of
 Purchaser under the Purchase Agreement nor constitute a waiver of any
 provision of the Purchase Agreement.

 S 5.2. Survival of Agreements.  All representations, warranties, covenants
 and agreements of Seller herein, shall survive the execution and delivery
 of this Amendment and the performance hereof.  All, statements and,
 agreements contained in any certificate or instrument delivered by Seller
 hereunder or under the Purchase Agreement to Purchaser shall be deemed to
 constitute representations and warranties by, or agreements and covenants
 of, Seller under this Amendment and under the Purchase Agreement.

 S 5.3. Governing Law.  This Amendment shall be governed by and construed
 in accordance with the laws of the State of Texas and any applicable laws
 of the United States of America in all respects, including construction,
 validity and performance.

 S 5.4. Counterparts.  This Amendment may be separately executed in
 counterparts and by the different parties hereto in separate counterparts,
 each of which when so executed shall be deemed to constitute one and the
 same Amendment.

 THIS AMENDMENT, THE ORIGINAL AGREEMENT AND THE OTHER DOCUMENTS EXECUTED IN
 CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL AGREEMENT BETWEEN THE
 PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS,
 OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL
 AGREEMENTS OF THE PARTIES.

 IN WITNESS WHEREOF, this Amendment is executed as of the date flrst above
 written.

                         PERFORMANCE INTERCONNECT CORP.

                         By: _________________________________
                             D. Ronald Allen
                             President

                         NORTH TEXAS PC DYNAMICS, INC.

                         By: _________________________________
                             D.Ronald Allen
                             President

                         PERFORMANCE INTERCONNECT CORP. OF
                         NORTH TEXAS, INC.

                         By: _________________________________
                             D.Ronald Allen
                             President

                         THIRD MILLENIUM DEVELOPMENT CORP.

                         By: _________________________________
                             D.Ronald Allen
                             President

                         FIDELITY FUNDING BUSINESS CREDIT, LTD.
                         dba USA Funding Ltd.

                         By: _________________________________
                             James M. Kitchens
                             President FFBC, Inc. General Partner

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