Document:

Exhibit 10.1

                            FIRST AMENDMENT TO LEASE
                            ------------------------

            THIS AMENDMENT, made the 18th day of August, 2004 by and between
Arthur J. Rogers & Co., as managing agent for the beneficiary owner, as
Landlord, and Immtech International, Inc., a Delaware Corporation, (herein
referred to as "Tenant").

                                   WITNESSETH
                                   ----------

            That the Lease Agreement dated August 26, 1999, between the parties
hereto, covering 10,600 square feet of space in the building known by street
address as 150 Fairway Drive, Suite 148-150, Vernon Hills, Illinois 60061, as
more particularly shown in said Lease, for a term commencing November 15, 1999
and expiring March 14, 2005 is hereby further amended and extended as follows:

                                       AND
                                       ---

            WHEREAS, Landlord and Tenant now desire to amend said Lease in the
following manner, but in no other respects;

            NOW, THEREFORE, in consideration of the premises and of the
covenants herein made, Landlord and Tenant agree that the above described Lease
be amended as follows:

      1.0   TERM

            Effective March 15, 2005 said Lease is extended for a term of five
(5) years, expiring March 14, 2010.

      1.1   RENTAL

            Tenant shall pay to Landlord the sum of Five hundred thousand, eight
hundred fifty dollars and 00/100 ($500,850.00) as rent in installments as
follows:

            From 3/15/05 to 3/14/06 in monthly installments of $8,170.83
            From 3/15/06 to 3/14/07 in monthly installments of $8,170.83
            From 3/15/07 to 3/14/08 in monthly installments of $8,170.83
            From 3/15/08 to 3/14/09 in monthly installments of $8,612.50
            From 3/15/09 to 3/14/10 in monthly installments of $8,612.50

      1.2   ADDITIONAL RENT - REAL ESTATE TAX AND TENANT'S PROPORTIONATE SHARE

            In addition to Fixed Rent, Tenant shall pay to Landlord Tenant's
proportionate share (8.87%) ("Tenant's Proportionate Share") of all taxes and
assessments, general and special, and all other impositions, ordinary and
extraordinary, of any kind and nature whatsoever (or any substitution thereof),
which may be levied, assessed or imposed upon the Development (as
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constructed from time to time) and Tenant's proportionate share of any and all
reasonable fees and expenses incurred by Landlord in its efforts to reduce said
taxes (collectively "Real Estate Taxes"). If Landlord is successful in reducing
said taxes, Tenant shall share proportionately in such reduction.

            The Landlord shall in good faith estimate the real estate taxes to
be incurred by the Landlord during each year of the Lease and a sum equal to one
twelfth (1/12th) thereof shall be paid by the Tenant each month of the term of
this Lease.

            Payment of additional rental for Tenant's proportionate share of
real estate taxes is due within ten (10) days following Tenant's receipt of the
invoice. Late payments are subject to late charges as included in Section 1.7.
Within ninety (90) days following receipt of the bill for real estate taxes for
the applicable year, Landlord shall furnish the Tenant with a copy of the same
and there shall be an adjustment between the Landlord and Tenant with payment to
or a refund by Landlord, as the case may be, so that the amount charged to the
Tenant does not exceed Tenant's proportionate share of the real estate taxes
actually paid.

            Upon the termination of the Lease, by lapse of time or otherwise,
the Tenant shall pay Tenant's proportionate share based upon the actual amount
of real estate taxes, if known, or if not known, based on an estimate of the
previous year's actual real estate taxes prorated for any partial calendar year.
This amount will be billed and due prior to the last day of occupancy.

      1.3   ADDITIONAL RENT - COMMON AREA EXPENSES

            Tenant shall pay to the Landlord as additional rent for the
Premises, Tenant's proportionate share (6.51%) of the expenses attributable to
"Common Areas" (hereafter defined). If, when billed, the Tenant's proportionate
share has been estimated, the Landlord shall, upon receipt of the bill for
Common area expenses for the applicable year compute the actual amount payable
by the Tenant and either refund overpayment or bill the Tenant for underpayment.
Billings for additional rental for Common Area Expense are due within ten (10)
days following receipt of the invoice. Late payments are subject to late charges
as included in Section 1.7.

            The Landlord shall in good faith estimate the "Common area expenses"
(hereafter defined) to be incurred by the Landlord during each year of the Lease
and a sum equal to one twelfth (1/12th) thereof shall be paid by the Tenant each
month of the term of this Lease.

            "Common area expenses" shall mean any and all reasonable expenses
incurred by the Landlord in connection with common areas within the Building and
Development, including, but not limited to, snow removal, landscaping, exterior
window washing, parking lot, the roof, exterior wall, foundation, sidewalk
repair and maintenance, cleaning, fire and extended coverage insurance and
liability insurance against casualties in such Common Areas, management fees and
other expenses usually and customarily charged to tenants as Common Area
expenses in like industrial developments, but excluding capital expenditures of
any kind. Landlord expressly reserves the right to determine the manner in which
these common areas shall be maintained. Landlord shall maintain areas in a
first-class manner.

            Within ninety (90) days following the end of each calendar year
during the term of the Lease, Landlord will furnish Tenant with a Statement of
Common area expenses prepared

                                      -2-
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and certified to by an independent certified public accountant, which Statement
shall be binding on Landlord and Tenant. Any overpayment made by the Tenant
shall be refunded to Tenant and any underpayment shall be billed to and paid by
Tenant. In the event of any dispute as to Tenant's proportionate share of Common
area expenses, the Tenant shall have the right once each twelve (12) calendar
month period, upon reasonable written notice, at its own expense, to inspect the
Landlord's accounting records relative to Common area expenses at Landlord's
accounting office during normal business hours. Unless Tenant shall take written
exception to any item included in Common area expenses for any period prior to
such inspection within fifteen (15) days following such inspection, all previous
statements shall be considered as final and accepted by the Tenant. Tenant shall
have the right to copy Landlord's records at the Tenant's expenses within
Landlord's office.

            Upon the termination of the Lease, by lapse of time or otherwise,
the Tenant shall pay Tenant's proportionate share based upon the actual amount
of Common area expenses, if known, or if not known, based on an estimate of the
previous year's actual Common area expenses prorated for any partial calendar
year. This amount will be billed and due prior to the last day of occupancy. If,
when billed, the Tenant's proportionate share has been estimated, the Landlord
shall, upon receipt of the bill for Common area expenses for the applicable year
compute the actual amount payable by the Tenant and either refund overpayment or
bill Tenant for underpayment.

      1.4   DEFINITION OF TENANT'S PROPORTIONATE SHARE

            For sections 1.2 "Tenant's proportionate share" has been computed by
dividing 119,540 square feet (the total rentable area of the industrial
buildings) into 10,600 square feet (the square footage of the leased premises).

            For sections 1.3 "Tenant's proportionate share" has been computed by
dividing 162,740 square feet (the total rentable area of the entire development)
into 10,600 square feet (the square footage of the leased premises).

COMMISSIONS

            With regards to the Landlord and the Landlord's Exclusive Agent
(Arthur J. Rogers & Company) paying commissions for existing Tenants renewing,
extending or expanding their Lease, it is expressly understood, in all cases,
that the Tenant's representative, if any, will be directly compensated for its
services by the Tenant. And further, both the Landlord and the Landlord's
Exclusive Agent reserves the right to require written confirmation from the
Tenant, that the Tenant is responsible for such compensation prior to commencing
any communications or discussions with the Tenant's Representative.

            It is mutually understood and agreed by the parties hereto that,
unless specifically changed or amended above, this Lease Amendment does not
modify or amend any of the provisions, conditions, terms or covenants of the
Lease dated August 26, 1999 and all Amendments thereto.

                                      -3-
<PAGE>

RATIFIED AND CONFIRMED

            WITNESS the signature and seal of Landlord this ___ day of
_______________, 2004 A.D., and the signature and seal of Tenant this ___ day of
_______________, 2004 A.D. THE LANDLORD:

THE LANDLORD:                            THE TENANT:

ARTHUR J. ROGERS & CO., as Managing      IMMTECH INTERNATIONAL INC., a Delaware
   agent for the beneficiary owner.         corporation

By:                                      By:
   ------------------------------------     ------------------------------------
   Name:  William G. Schmitz                Name:
   Title: RPA/President                     Title:
   Date:                                    Date:

            Landlord's offer may be withdrawn by the Landlord or its Agent at
any time without notice, and does not constitute a binding offer or Lease
Amendment until properly signed by all parties to the Lease Amendment, and a
fully executed copy is delivered by the Landlord to the Tenant.

                                      -4-BF ACQUISITION GROUP I, INC. DEBENTURE NOTE
           -------------------------------------------

Debenture Number:

Debenture  Amount: $1,000           Effective Date: ____________

FOR  VALUE  RECEIVED, BF Acquisition Group  I,  Inc.,  a  Florida
corporation, (hereinafter called "Corporation"), promises to  pay
to    _____________________________________________________,   or
registered  assigns (hereinafter called "Debenture Holder"),  the
sum  of  ONE  THOUSAND  DOLLARS ($1,000),  together  with  simple
interest  on  the outstanding principal balance  at  ten  percent
(10%)  per annum. The interest is due and payable along with  the
principal  twelve  months  (12) months  from  the  date  of  this
Debenture  Note  ("Note"),  unless extended  in  writing  by  the
parties  hereto.   If  at  any time  there  shall  occur  and  be
continuing an event of default ("Event of Default") in payment of
principal or interest or both, Corporation shall pay to Debenture
Holder   an  additional  five  percent  (5%)  interest   on   the
outstanding principal amount of this Note, computed on  a  simple
basis, from the date of such Event of Default until such Event of
Default shall be cured or waived or, if earlier, until this Note,
with interest thereon, is fully paid. This Note is not secured.

Said  principal  and interest shall be payable at  the  principal
office of Corporation by deposit of U.S. funds, or shares of  the
Corporation's  common  stock  (as  designated  by  the  Debenture
Holder),  as  determined  below, in the U.S.  Mail,  first  class
postage prepaid, addressed to the Debenture Holder at his address
registered  on  the books of the Corporation  or  at  such  other
address as Debenture Holder may designate from time to time.

Interest on the outstanding principal balance of this Note  shall
accrue  commencing  on  the Effective Date described  above,  and
interest shall accrue on a simple basis thereafter.

It  is understood that the Corporation intends to register  as  a
"Business  Development Company" ("BDC") with the  Securities  and
Exchange Commission (the "SEC"). Upon the SEC's acceptance of the
Corporation's  election  to register as a  BDC,  the  Corporation
intends to conduct an exchange offering, rights offering or other
similar  type of offering whereby the Debenture Holder will  have
the  opportunity to exchange their Debenture Note(s) into  shares
of  common  stock of the Company. The Company expects the  shares
will  be exchangeable into the common stock at an exchange  price
of $0.25 per share.

This  Note  has  not been registered under any federal  or  state
securities laws in reliance on the exemption provided by Sections
3(b), 4(2) or 4(6) of the Securities Act of 1933, as amended, and
comparable statutes of states in which this Note may be issued.

Notwithstanding any other provision of this Note it is  expressly
agreed  that  the amounts payable under this Note  or  any  other
payment in the nature of or which would be considered as interest
or other charge for the use or loan of money shall not exceed the
highest contract rate allowable by law of the State of Florida.

                               1
BF Acquisition Group I, Inc.
Convertible Debenture No.

<PAGE>

The Corporation does hereby:

   (a)  Agree that no course of dealing or delay or omission or
        forbearance on the part of Debenture Holder in exercising or
        enforcing any of Debenture Holder's rights or remedies hereunder
        or under any instrument securing this Note or under any other
        instrument executed in connection with the loan evidenced by this
        Note shall impair or prejudice any of Debenture Holder's rights
        and remedies hereunder or the enforcement hereof and that
        Debenture Holder may extend or renew this Note for any term
        (whether or not longer than the original term of this Note), may
        extend, modify or postpone the time and manner of payment and
        performance of this Note; and

   (b)  Waive notice of acceptance of this Note, notice of  the
        occurrence of any default under this Note and presentment,
        demand, protest, notice of dishonor and notice of protest.

The  happening of any of the following events shall constitute  a
default hereunder:

   (a)  Default in the payment of any principal on this Note as and
        when the same shall become due and payable; or

   (b)  Default in the payment of any interest on this Note as and
        when the same shall become due and payable (it being understood
        that such payments become payable on a date subsequent to the
        date they become due in accordance with the provisions hereof);
        or

   (c)  Breach, failure or default on the part of Corporation in
        the performance or observance of any covenant, condition or
        agreement of Corporation under this Note for a period of thirty
        days following written notice thereof unless such breach, failure
        or default shall have been cured within such thirty day period;
        or

   (d)  A  receiver, liquidator, assignee, custodian,  trustee,
        conservator, sequestrator, regulatory authority (or other similar
        official) shall take possession of Corporation or its property or
        business, or exercise control thereof or thereover, without its
        consent or a court having jurisdiction in the premises shall
        enter a decree or order for relief in respect of Corporation in
        an involuntary case under any applicable bankruptcy, insolvency
        or other similar laws now or hereafter in effect, or appointing a
        receiver, liquidator, assignee, custodian, trustee, conservator,
        sequestrator, regulatory authority (or other similar official) of
        Corporation or for the property or business thereof, or ordering
        the winding-up or liquidation of its affairs and such decree or
        order shall continue unstayed and in effect for a period of
        thirty consecutive days, or Corporation shall commence  a
        voluntary case under any applicable bankruptcy, insolvency or
        other similar law now or hereafter in effect, or shall consent to
        the entry of an order for relief in an involuntary case under any
        such law, or shall consent to the appointment of or taking
        possession by a receiver, liquidator, assignee,  trustee,
        custodian, conservator, sequestrator, regulatory authority (or
        other similar official) of Corporation or of any substantial part
        of its property or business, or shall make any general assignment
        for the benefit of creditors, or shall take any corporate action
        in furtherance of any of the foregoing.

             If a default occurs hereunder, then at the option of
Debenture  Holder (a) the entire principal amount then  remaining
unpaid and accrued interest thereon shall immediately become  due
and  payable  without  notice or demand,  it  being  agreed  that
interest  not  paid  when due shall, at the option  of  Debenture
Holder,  be  added to the outstanding principal amount  and  draw
interest  at  the rate provided herein; (b) the unpaid  principal
amount  shall  accrue interest at the highest  rate  of  interest

                               2
BF Acquisition Group I, Inc.
Convertible Debenture No.

<PAGE>
allowable by law; and (c) all other liabilities of Corporation to
Debenture Holder (notwithstanding any provisions thereof),  shall
immediately become due and payable without notice or demand  (but
with  such  adjustments, if any, with respect to any interest  or
other  charges  as  may be provided for in  this  Note  or  other
writing  evidencing such liability).  Failure  to  exercise  this
option shall not constitute a waiver of the right to exercise the
same in the event of any subsequent default.

        Corporation  shall  have  no  right  of  set-off  against
Debenture  Holder  under  this  Note  or  under  any  instruments
securing  this  Note  or  executed in connection  with  the  loan
evidenced  by this Note.  Debenture Holder shall have the  right,
however, immediately and without further action or notice by  it,
to  set-off against this Note all money owed by Debenture  Holder
in  any capacity to Corporation, whether or not due, and also  to
set-off  against  all  other liabilities of Debenture  Holder  to
Corporation all money owed by Debenture Holder in any capacity to
Corporation.

This  Note  is executed under seal, constitutes a contract  under
the  laws of the State of Florida, and shall be enforceable in  a
court of competent jurisdiction in said State, without regard  to
the place in which this Note is executed.

THE FOLLOWING LEGEND WILL BE IMPRINTED ON ANY DEBENTURE NOTES
ISSUED TO CANADIAN RESIDENTS:

"Unless permitted under securities legislation, the holder of the
securities  shall not trade the securities before the earlier  of
(i)  the  date  that is 12 months and a day after  the  date  the
Corporation  first became a reporting issuer in any  of  Alberta,
British  Columbia,  Manitoba, Nova Scotia,  Ontario,  Quebec  and
Saskatchewan, if the Corporation is a SEDAR filer; and  (ii)  the
date  that  is  12 months and a day after the later  of  (A)  the
distribution  date,  and (B) the date the  Corporation  became  a
reporting  issuer in the local jurisdiction of the  purchaser  of
the securities that are the subject of the trade."

Signed and sealed this ____ day of ______ 2003.

      (CORPORATE SEAL)            BF ACQUISITION GROUP I, INC.,

Attest:________________________   By: _________________________
       William Colucci,               William Bosso,
       Secretary                       President

DEBENTURE HOLDER

By:____________________________
         Signature

                               3
BF Acquisition Group I, Inc.
Convertible Debenture No.

<PAGE>

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