Document:

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                                                                    EXHIBIT 10.2

                       AMENDED AND RESTATED DEBT AGREEMENT

                                                           Date: April 2nd, 2005

Principal Amount: $276,679.45 USD

This AMENDED AND RESTATED DEBT AGREEMENT is entered into on the 2nd day of
April, 2005, by and between JOHN L. ROCKER, an individual, ADDRESS ("Creditor or
"Rocker"") and IP PROMOTIONS, INC, a Nevada Corporation, 1224 Manor Oaks Ct.,
Atlanta, Ga. 30338 (DEBTOR ADDRESS), ("Debtor" or "IP").

         WHEREAS, Rocker had lent to IP PROMOTIONS, LLC, a Georgia LLC, ("IP
GEORGIA") the sum of two hundred seventy-six thousand six hundred seventy-nine
dollars and 45 cents ($ 276,679.45 USD), subject to certain terms and conditions
set forth in an unsigned, yet mutually agreed upon promissory note hereby
attached as Schedule A.

         WHEREAS, IP GEORGIA and IP entered into an Asset Purchase Agreement on
March 10th, 2005 in which IP purchased certain assets from IP GEORGIA by
assuming certain liabilities of IP GEORGIA. A copy of the Asset Purchase
Agreement is hereby attached as Schedule B.

         WHEREAS, pursuant to the Asset Purchase Agreement, IP expressly assumed
the debt by and between Rocker and IP GEORGIA.

         WHEREAS, Rocker and IP now wish to amend and restate the terms of the
debt now owed by IP to Rocker.

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged by each of the parties hereto, the
parties hereby agree that he debt between both parties is hereby revised and
restated as follows:

         1. ACKNOWLEDGMENT OF RESTATED DEBT AGREEMENT. IP and Rocker both
acknowledge that this agreement supersedes any and all prior agreements related
to the debt owed by IP to Rocker.

         2. TERMS OF DEBT. The Creditor and Debtor hereby acknowledge that on
the date of this agreement, the Debtor owes the Creditor hereof the principal
amount of two hundred seventy-six thousand six hundred seventy-nine dollars and
45 cents ($276,679.45) USD based on the terms and conditions set forth below
(the "Debt"). The principal amount of the Debt, plus all accrued and unpaid
interest on the Debt, as set forth, below shall be due and payable by the Debtor
on the day before the second anniversary of the execution of this Agreement (the

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"Maturity Date"). There shall be no prepayment penalty in the event that the
Debtor chooses to pay any principal and accrued interest on the debt prior to
the Maturity Date. Interest shall accrue only on the outstanding principal and
accrued interest until the Loan is repaid in full.

         3. INTEREST. The Debt shall incur interest at the rate of ten Percent
(10%) per annum ("Interest") until the Debt is repaid in full. Interest on the
Debt shall accrue and become due and payable on the last day of each month; any
unpaid interest shall be added to the outstanding principal balance.

         4. RIGHTS OF CONVERSION. The Creditor may, at his sole option and
discretion, elect to convert all or a portion of the Debt for common shares of
IP pursuant to the following terms and conditions

         (a)      The Creditor has the right to convert all, or a portion of the
                  Debt owed and due to common shares of the Debtor at the
                  conversion rate of one share per $1.00 of Debt owed and due.

         (b)      In order to convert, the Creditor must mail a written notice
                  to IP Promotions, Inc., 1224 Manor Oaks Court, Atlanta, Ga.
                  30338 Attn: Chief Executive Officer, specifically stating the
                  amount of debt to be converted to shares. The notice must be
                  mailed at least 15 days prior to conversion.

         (c)      Neither this Agreement nor the Shares to be issued upon
                  conversion have been registered under the Securities Act of
                  1933, as amended ("Securities Act"), or any state securities
                  laws ("Blue Sky Laws"). Those shares acquired upon conversion
                  are to be acquired for investment purposes and not with a view
                  to distribution or resale and may not be pledged,
                  hypothecated, sold, made subject to a security interest, or
                  otherwise transferred without (i) an effective registration
                  statement of the shares under the Securities Act and all
                  applicable Blue Sky Laws, or (ii) an opinion of counsel, which
                  opinion and counsel shall be reasonably satisfactory to the
                  Company and its counsel, that registration is not required
                  under the Securities Act or under any applicable Blue Sky
                  Laws. Any shares issued upon conversion shall bear the same or
                  a substantially similar legend as follows:

                  THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN
                  ISSUED IN RELIANCE UPON THE REPRESENTATION OF THE HOLDER THAT
                  THEY HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW
                  TOWARD THE RESALE OR OTHER DISTRIBUTION THEREOF, AND HAVE NOT
                  BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "FEDERAL
                  ACT") OR THE SECURITIES LAWS OF ANY STATE IN RELIANCE UPON THE
                  EXEMPTIONS FROM REGISTRATION CONTAINED THEREIN, AND MAY NOT BE
                  OFFERED, SOLD, TRANSFERRED, ENCUMBERED OR OTHERWISE DISPOSED
                  OF UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER
                  THE FEDERAL ACT AND APPLICABLE STATE SECURITIES LAWS RELATING
                  THERETO OR THE COMPANY IS SATISFIED REGISTRATION IS NOT
                  REQUIRED.

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                  The Creditor hereof and the Debtor agree to execute all other
                  documents and instruments as counsel for the Creditor
                  reasonably deems necessary to effect the compliance of the
                  issuance of the shares of Common Stock upon conversion with
                  respect to applicable federal and state securities laws.

         (d)      Any rights under this agreement may not be transferred etc.

         5.       REPRESENTATIONS AND WARRANTIES. The Debtor represents and
                  warrants as follows:

         (a)      The Debtor is a corporation duly organized, validly existing
                  and in good standing under the laws of the State of Nevada.
                  The Debtor has the corporate power to own its properties and
                  to carry on its business as now being conducted.

         (b)      The Debtor has all requisite corporate power and authority to
                  enter into this Agreement and to consummate the transactions
                  contemplated hereby. The execution and delivery of this
                  Agreement and the consummation of the transactions
                  contemplated hereby have been duly authorized by all necessary
                  corporate action on the part of the Debtor. The Debtor's Board
                  of Directors has approved this Agreement and the transactions
                  contemplated hereby. This Agreement has been duly executed and
                  delivered by the Debtor and constitutes a valid and binding
                  obligation of the Debtor, enforceable in accordance with its
                  terms, except (a) as limited by applicable bankruptcy,
                  insolvency, reorganization, moratorium and other laws of
                  general application affecting enforcement of creditors' rights
                  generally and (b) as limited by laws relating to the
                  availability of specific performance, injunctive relief or
                  other equitable remedies

         (c)      This Agreement is the legal, valid and binding obligation of
                  the Debtor, except as limited by applicable bankruptcy,
                  insolvency, and other similar laws affecting creditors' rights
                  generally.

         6.       REPRESENTATIONS AND WARRANTIES. The Creditor represents and
                  warrants as follows:

         (a)      That the Creditor has knowledge and experience in financial
                  and business matters and that he understands that the merits
                  and risks associated with the execution of this Agreement and
                  that the Creditor is an "Accredited Investor" as that term is
                  defined under Rule 501 of Regulation D of the Securities Act
                  of 1933.

         (b)      This Agreement is the legal, valid and binding obligation of
                  the Creditor.

         7.       EVENTS OF DEFAULT.

         (a)      In the "Event of Default" as that term is described in 7(b),
                  the total amount under due under this Agreement shall become
                  immediately due and payable.

         (b)      The term, "Event of Default" shall constitute the following
                  scenarios;

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                  (1)      The Debtor is unable to pay back the Loan plus
                           Interest on the "Maturity Date".

                  (2)      If the Debtor shall make an assignment for the
                           benefit of creditors or shall admit in writing its
                           inability to pay its debts as they become due; or

                  (3)      If the Debtor shall file a voluntary petition in
                           bankruptcy, or shall be the subject of an involuntary
                           bankruptcy petition, or adjudicated bankrupt or
                           insolvent, or shall file any petition or answer
                           seeking any reorganization arrangement, composition,
                           readjustment, liquidation, dissolution, or similar
                           relief under the present or any future Federal
                           Bankruptcy Code or other applicable federal, state or
                           similar statute, law or regulation, or shall seek or
                           consent to or acquiesce in the appointment of any
                           trustee, receiver or liquidator of the Debtor or of
                           all or any substantial part of its assets.

         8. NOTICES. All notices, requests or instructions hereunder shall be in
writing and delivered personally or sent by FedEx mail or similar overnight
delivery, postage prepaid, as follows:

                  IF TO CREDITOR:   John Rocker
                                    1224 Manor Oaks Court
                                    Atlanta,  Ga. 30338
                                    Attn:

                  IF TO DEBTOR:     IP Promotions, Inc.
                                    1224 Manor Oaks Court
                                    Atlanta, Ga. 30338
                                    Attn: Chief Executive Officer

         Or to such other address as a party hereto may designate by notice
given to the other parties hereto pursuant to this paragraph.

         Any notice so addressed and mailed, shall be deemed to be given when so
mailed. Any of the above addresses may be changed at any time by notice given as
provided above; provided, however, that any such notice of change of address
shall be effective only upon receipt.

         9. CHOICE OF LAW. This agreement is made in and shall be governed by
and construed in accordance with the laws of the State of Nevada.

          10. WAIVERS. The Debtor hereby waives presentment, demand for
performance, notice of non-performance, protest, notice of protest and notice of
dishonor. No delay on the part of Creditor in exercising any right hereunder
shall operate as a waiver of such right or any other right.

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         11. NO CHANGES. This Agreement may not be changed or terminated orally,
but only by an agreement in writing signed by the party against whom enforcement
of any change, modification, termination, waiver, or discharge is sought. This
Agreement is being delivered in and shall be construed in accordance with the
laws of the State of Nevada, without regard to the conflicts of laws provisions
thereof.

         12. ENTIRE AGREEMENT. This Agreement, including all exhibits and
schedules attached thereto, executed on even date herewith, constitutes the full
and entire understanding and agreement between the parties with regard to the
Debt, and no party shall be liable or bound to any other party in any manner by
any representations, warranties, covenants and agreements.

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
the date first above written.

CREDITOR:

By: /S/ John Rocker
   -------------------
Name:  John Rocker

DEBTOR:

IP Promotions, Inc., a Nevada Corporation.

By: /S/ Stephen Patrick
    -----------------------
Name:  Stephen Patrick
Title: Chief Executive Officer

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EXHIBIT 10.3

             PARK TAVERN / STREAMING MEDIA & PRODUCTION INITIATIVES

                                  Park Tavern
                                 Piedmont Room
                               IP Promotions, LLC

                 Streaming Media / Production Services Proposal

                                  December 2004

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INTRODUCTION

The following document outlines the proposed initiatives along with the
projected costs associated with each. Assumptions associated with each specific
project are also provided.

Our emailable video applications use high-speed internet to deliver a powerful
marketing message to your customer base. We can combine the best elements of
video and print marketing materials already developed by the Park Tavern into
one easy-to-use template. Print materials, television commercials, and power
point presentations can all be integrated into your custom-designed package,
along with the ability to attach letters via .PDF or Word.doc files to the
email.

Further, our templates drive viewers to select websites, or specific portions of
your website, depending on the targeted message. For example, we can include
"Visit Piedmont Room," "Forward to a Friend," "Meet our Staff," etc. all on the
face of the template. And all of this is accomplished through literally one
click of a mouse by opening an email -- you do not have to dig through websites
to find the video.

Our service is also very user-friendly. The video has a built-in "auto play"
feature which will begin upon opening of the email. In our opinion, our packages
can become the most user-friendly on-line communication tool that has ever been
created.

We look forward to earning the Park Tavern's business and building a
long-lasting relationship as your streaming media and production services
partner.

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A streaming video campaign would serve primarily as a sales, PR and
communication effort and will allow the Park Tavern to send targeted messages to
specific groups.

In order to support this project, IP Promotions can capture the video or the
video can be captured by the Park Tavern. IP Promotions will encode the video
footage, place it into the final program template and provide the URL to the
Park Tavern for e-mail distribution. The video content itself will be hosted,
stored and delivered by IP Promotions.

The associated pricing with this project will be based on the following:
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DEVELOPMENT INCLUDES:
Creation of base template (as necessary / one time fee)
-Encoding of Video Message
-Auto detect / bandwidth; encode at 3 bit-rates
-Up to four (4) minutes of video
-One (1) .PDF attachment
-Three (3) "links" (upon request)
-One CD-ROM (hard copy) of program
-Five (5) PowerPoint slides
-"License key" technology feature built-in (this feature tracks / controls the
  number of times the video is streamed / accessed by the end user)

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ONE TIME PRICE (Per Template) *                                        $2,000.00
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ASSUMPTIONS:
------------

     o  ALL E-MAIL DISTRIBUTION HANDLED BY THE PARK TAVERN
     o  PRICE INCLUDES CREATION OF VIDEO MESSAGE / BASE TEMPLATE / ENCODING
        - INTEGRATION - STREAMING DELIVERY OF VIDEO

*The base template includes everything mentioned above in the customized
template and up to 5 slides for PowerPoint presentation. The base template also
includes encoding up to three (4) minutes of video. Any additional customization
shall include an hourly developmental and consulting charge of $150/hour. Video
encoding in our base template includes video encode in Windows Media Player
format, with up to three bit-rates (high/medium/low) to work in connection with
the auto-bandwidth detector.

IP Promotions can accept multiple video formats for encoding purposes, including
VHS, DV Cam, Mini DV, and Beta SP, with the preferred formats being VHS and Beta
SP.

**Please note that if the Park Tavern elects to use its own video crew and/or
out-sources the video capture, then you will NOT incur the charges from IP
Promotions for camera ($250 p/hr), studio ($150 p/hr), and lighting/grip ($250
p/hr). Single camera package includes camera, 2 person crew, tripod, and
necessary tape stock. Lighting and grip package includes video lighting,
c-stands, backdrop, frames, travel and miscellaneous items needed for
production.

***Standard production time is five (5) business days from receipt of all
materials from Client required for production of the package. Seasonal
production increases may alter this delivery time and IP Promotions reserves the
right to adjust the delivery time to a reasonable date after consulting ith the
client. However, a rush delivery charge of four hundred dollars ($400) is added
if the package must be completed within a twenty-four (24) hour period from IP
Promotions' receipt of the materials.

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                               HOSTING / DELIVERY

                 ---------------------------------------------
                        SECONDS            PRICE PER VIEW
                 ---------------------------------------------

                          :30                   .041
                 ---------------------------------------------

                          :60                   .083
                 ---------------------------------------------

                          :90                   .124
                 ---------------------------------------------

                         :120                   .165
                 ---------------------------------------------

*Video length includes all encoded video material, included video introduction
and television commercials included within each template. FOR EXAMPLE, A 1
MINUTE INTRODUCTORY MESSAGE BY THE PARK TAVERN FOLLOWED BY A :30 TELEVISION
COMMERCIAL WOULD EQUAL 90 SECONDS VIDEO LENGTH.

**A "view" is counted whenever anyone actually begins to watch your package
on-line. The Park Tavern will only be billed for actual "views" of its
presentation(s).

*** A processing fee of $150 per video will be accessed should the Park Tavern
fail to deliver six (6) messages (not including initial message) to be
distributed by IP Promotions. NO PROCESSING FEE will be accessed should the Park
Tavern deliver six (6) or more messages. Video processing for each new video
includes the following services:

     o   encode the new video / message (3 bit-rates and up to 2 minutes)

     o   change / update up to 3 new links

     o   change / update up to 5 new slides

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PROJECT TERMS & AGREEMENT
*ALL FINAL NUMBERS WILL BE BASED ON FINAL SCOPE OF PROJECT / TOTAL AMOUNT OF
REQUIRED CONTENT.
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STANDARD BILLING TERMS
-IP Promotions requests 1/2 payment upon initiation of project sign-off
(pre-production) and 1/2 payment due within 30 days of completion and delivery
of project footage.

-Unless otherwise agreed, Client will be billed in arrears every fourteen (14)
days starting from the release date of Client's final presentation URL / link,
for the hosting and delivery of the video content in accordance with the pricing
outlined in this proposal.

GENERAL PROJECT TERMS
-The signing of this document authorizes IP Promotions, LLC to begin project
scheduling and set in motion all activities necessary to facilitate the delivery
of this project. Once initiated, project cancellation may result in associated
booking fees and / or time already incurred by IP Promotions.

-This quotation is good for a period of 30 days following submission to client.

-Should scope of project change, additional costs may be incurred.

- Additional costs that are incurred as a result of this project will be billed
separately at the end of the project. These may include, but are not limited to:
duplication, printing, packaging, travel, phone, and postage, etc.

NO ADDITIONAL COSTS WILL BE INCURRED WITHOUT FIRST OBTAINING APPROVAL FROM
CLIENT.

-In the unlikely event that the customer has a dispute with IP Promotions, LLC
client hereby agrees that the dispute shall be settled by arbitration in
accordance with the rules of the American Arbitration Association.

-Any required ongoing site maintenance will be addressed as needed in a separate
agreement.

-The pricing terms and conditions contained in this proposal are confidential
between IP Promotions and Client. Client agrees that it shall not disclose to
third parties, during the term of this Agreement and for a period of three (3)
years thereafter, any of the pricing terms contained herein.

-Client agrees that it shall not attempt to reverse engineer, decompile,
disassemble, or perform any other activities or functions intended to, or which
do in fact, recreate, in whole or in part, the appearance and / or functionality
of the Work Product provided by IP Promotions to Client.

-Client grants to IP Promotions the right for IP Promotions to include Client's
name, image, likeness, and/or trademarks and service marks on IP Promotions own
promotional and advertising materials, including publishing Client on IP
Promotions own client lists and website. Client also acknowledges that IP
Promotions has full right and license to promote, display, and advertise any
Work Product and/or samples thereof produced by IP Promotions once the Work
Product has been launched and been made public by Client through email
distribution.

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AGREED BY:

/s/ Paul Smith
--------------------------------------      -----------------
Park Tavern                                       date

/s/ Stephen Patrick
--------------------------------------      -----------------
IP Promotions, LLC                                   date

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