Document:

Exhibit 10.5

                 SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENT
                 -----------------------------------------------

        THIS AMENDMENT TO LOAN AND SECURITY AGREEMENT and REVOLVING PROMISSORY
NOTE (the "Second Amendment") is entered into this 25th day of April, 2003, by
and between VOYAGER ENTERTAINMENT INTERNATIONAL, INC., a North Dakota
corporation ("Borrower"), VOYAGER VENTURES, INC., a Nevada corporation and
wholly owned subsidiary of Borrower ("VVI") and DAN FUGAL, an individual
("Lender"), sometimes hereinafter referred to individually as a "Party" or
collectively as the "Parties."

     1. The Parties agree to modify the recitals of that certain Loan and
     Security Agreement dated November 15, 2002 (the "Agreement"), as amended by
     agreement on February 15, 2003 as follows:

     WHEREAS, Borrower has entered into various financing arrangements with
     Residential Resources Financial Services, Inc. ("RRI") to provide $100
     million in bond/security financing (the "Development Financing") for
     development of a mixed-use entertainment complex located in Las Vegas,
     Nevada (the "Project");

     WHEREAS, as part of the Development Financing with RRI, Borrower has
     committed to pay for certain itemized costs to enable RRI to have the
     bond/security offering credit enhanced to a "AAA" credit rating (the
     "Credit Enhancement");

     WHEREAS, Borrower has requested an extension of credit from Lender for the
     use and benefit of Borrower for the Credit Enhancement and other components
     of the Project, to be secured by certain personal property and other assets
     of VVI; and

     WHEREAS, Lender is willing to make available to Borrower a credit facility
     in the form of a line of credit, subject and pursuant to all of the
     covenants, conditions and provisions of this Agreement.

     WHEREAS, Borrower has been unable to secure the Credit Enhancement through
     the efforts of RRI and therefore has been required to continue its best
     efforts to secure the needed financing for the Project;

     WHEREAS, Lender understands that Borrower is in need of sufficient funds to
     maintain its business operations as it pursues the needed financing for the
     Project and is therefore willing to extend an additional TWO HUNDRED
     THOUSAND DOLLARS AND NO CENTS ($200,000.00) extension of credit to
     Borrower, above the FIVE HUNDRED THOUSAND DOLLARS AND NO CENTS
     ($500,000.00) that it has already extended to Borrower prior to this Second
     Amendment; and

     WHEREAS, Borrower has agree that prior to the disbursement of any funds as
     provided herein it will obtain all requisite board or other approval that
     may be required pursuant to Borrower's bylaws.

     NOW, THEREFORE, in consideration of the foregoing recitals and the
     extension of credit by Lender to Borrower and other consideration, the
     parties agree as follows:

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         2. The Parties agree to modify paragraph 1 of that certain Loan and
         Security Agreement dated November 15, 2002 (the "Agreement"), as
         amended by agreement on February 15, 2003 as follows:

                  1. Line of Credit.

                  1.1. Lender will make loans to Borrower hereunder from time to
         time (the "Line of Credit"). The aggregate unpaid principal of the Line
         of Credit outstanding at any one time will not exceed SEVEN HUNDRED
         THOUSAND DOLLARS AND NO CENTS (U.S. $700,000.00).

                  1.2. The Line of Credit will be evidenced a REVOLVING
         PROMISSORY NOTE (the "Note"), a copy of which is attached hereto as
         Exhibit A and incorporated herein by this reference, containing the
         following material terms:

                  1.2.1. The aggregate unpaid principal not to exceed SEVEN
         HUNDRED THOUSAND DOLLARS AND NO CENTS (U.S. $700,000.00) shall be paid
         in full to Lender when sufficient funding of Development Financing has
         been secured so the escrow funds can be released, or on or before July
         31, 2003, whichever is sooner; and

                  1.2.2. A lump-sum interest payment of SEVEN HUNDRED THOUSAND
         DOLLARS AND NO CENTS (U.S. $700,000.00) shall be paid in full to Lender
         when sufficient funding of Development Financing has been secured so
         the escrow funds can be released, or on or before July 31, 2003,
         whichever is sooner.

         3. The Parties agree to modify paragraph 6 of that certain Loan and
Security Agreement dated November 15, 2002 (the "Agreement"), as amended by
agreement on February 15, 2003 as follows:

         6. Disbursement of Funds. The following procedures for the disbursement
         of funds shall be used by the parties:

         6.1. Unchanged.

         6.2. All disbursements above the first FIVE HUNDRED THOUSAND DOLLARS
(U.S. $500,000.00) from the Line of Credit shall be available on the following
terms:

         6.2.1. Deleted;

         6.2.2. Unchanged; and

         6.2.3. Unchanged.

         6.3. Unchanged.

         4. The Parties agree to modify paragraph 9 of that certain Loan and
         Security Agreement dated November 15, 2002 (the "Agreement"), as
         amended by agreement on February 15, 2003 as follows:

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                  9. Unchanged.

                  9.1. ONE MILLION FIVE HUNDRED THOUSAND (1,500,000) shares of
         common stock of Voyager Entertainment International, Inc., to which
         Rule 144 of the securities laws apply shall be delivered to Lender as
         follows:

                  9.1.1. Upon the disbursement of the first FIVE HUNDRED
         THOUSAND DOLLARS (U.S. $500,000.00), as delineated in paragraph 6.1,
         above, Borrower shall deliver to Lender THREE HUNDRED THOUSAND
         (300,000) shares of common stock of Voyager Entertainment
         International, Inc., to which Rule 144 of the securities laws apply;
         and

                  9.1.2. Upon the availability of the disbursement above the
         first FIVE HUNDRED THOUSAND DOLLARS (U.S. $500,000.00), as delineated
         in paragraph 6.2, above, Borrower shall deliver to Lender ONE MILLION
         TWO HUNDRED THOUSAND (1,200,000) shares of common stock of Voyager
         Entertainment International, Inc., restricted pursuant to the
         provisions of SEC Rule 144.

                  9.2. Unchanged.

                  9.3. Unchanged.

                  9.4. If the shares of common stock of Borrower are subdivided
         or combined into a greater or smaller number of shares of common stock,
         or if a dividend is paid on the common stock in shares of common stock,
         the shares of common stock issued to Lender shall not be
         proportionately reduced in case of subdivision of shares or stock
         dividend; however, they will be proportionately increased in the case
         of combination of shares by the ratio which the total number of shares
         of common stock outstanding immediately after such event bears to the
         total number of shares of common stock outstanding immediately prior to
         such event. This provision shall be retroactive to the commencement of
         the Agreement.

         5. The Parties agree to modify the first paragraph of that certain
Revolving Promissory Note dated November 15, 2002 (the "Note"), as amended by
agreement on February 15, 2003 as follows:

         FOR VALUE RECEIVED, the undersigned, VOYAGER ENTERTAINMENT
         INTERNATIONAL, INC., a North Dakota corporation ("Maker"), hereby
         promises to pay to the order of DAN FUGAL, an individual (together with
         his successors and assigns, ("Holder"), the principal sum not to exceed
         SEVEN HUNDRED THOUSAND DOLLARS (U.S. $700,000.00) or the aggregate
         unpaid principal amount of all advances or re-advances by the Maker
         pursuant to that certain loan agreement entitled "Loan and Security
         Agreement," (the "Loan Agreement") executed on even date, and to repay
         the outstanding aggregate unpaid principal amount, plus a lump-sum
         interest payment of SEVEN HUNDRED THOUSAND DOLLARS AND NO CENTS (U.S.
         $700,000.00) when sufficient funding of Development Financing has been
         secured so the escrow funds can be released, as defined in the Loan
         Agreement, or on or before July 31, 2003, whichever is sooner. All
         payments of principal and interest shall be made at Holders offices
         located at 1005 South Main Street, Pleasant Grove, UT 84062, or at such
         other places as the Holder may designate to Maker in writing

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         6. Except for the modifications as expressly noted herein, all other
         provisions of the Agreement and Note shall remain unchanged and
         enforced. IN WITNESS WHEREOF, the parties have caused this Amendment to
         be duly executed and delivered as of the date and year first above
         written.

           LENDER:
                           /s/
                           DAN FUGAL

           BORROWER:
                           VOYAGER ENTERTAINMENT INTERNATIONAL, INC., a North
                           Dakota corporation

                           By: /s/ Richard Hannigan, Sr.
                           Its: President

           VVI:
                           VOYAGER VENTURES, INC., a Nevada corporation

                           By: /s/ Richard Hannigan, Sr.
                           Its: PresidentExhibit 10.6

                    SETTLEMENT AND GENERAL RELEASE AGREEMENT
                    ----------------------------------------

     THIS SETTLEMENT AND GENERAL RELEASE AGREEMENT, hereinafter the "Agreement"
is entered into by the undersigned parties to resolve and release fully and
finally all claims raised or that could have been raised by Voyager
Entertainment International, Inc., hereinafter referred to as the "Company",
against First Nevada Development Company, LLC, Nancy Tyner, individually, Don
Tyner, individually, and Don and Nancy Tyner as Husband and Wife, hereinafter
referred to as "Tyners", and collectively, the "Parties" with respect to the
claims.

R E C I T A L S

     A. That on or about April 16, 2003, the Company filed a Form 10-KSB with
the Securities and Exchange Commission;

     B. In the Form 10-KSB, it was disclosed that the Tyners were alleging that
the sum of $1,464,826.38, plus interest, and options for stock were due and
owing from the Company, which was vigorously disputed by the Company;

     C. The parties now desire to resolve their disputes as set forth herein;

     D. This Agreement expresses the full and complete settlement of any and all
claims raised or claims that could have been raised in the future that the
Tyners have or may have had against the Company, and that the Company has or may
have had against Tyners regarding the disclosures in the Company's Form 10-KSB
and any monies or stock or options allegedly due and owing to Tyners.

     NOW THEREFORE, in consideration of the foregoing promises and for other
good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Parties agree as follows: AGREEMENT

     1. Contemporaneous with Tyners' execution of this Agreement, The Company
agrees to the following:

          2. The Company as previously acknowledged, owes the Tyners the sum of
     $228,239.24; bearing interest at the rate of 8% per annum which commences
     after any funding received by the Company as delineated in paragraph "b"
     supra.

          b. The Tyners and the Company agree that the Tyners for their
     introduction to Ladenburg Thalmann, are entitled to receive the sum of
     $650,000.00 as a placement fee and 2% commission of the net fundings
     received by the Company from Ladenburg Thalmann. Additionally, the Tyners
     are entitled to a 1% commission of the net fundings received by the Company
     from RRI; the above sums are without interest; and, are contingent upon
     funding by Ladenburg Thalmann or RRI.

     2. In consideration of the payment referred to in Paragraph 1 above, Tyners
agrees to release and dismiss, with prejudice, any and all claims raised, or

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claims that could have been raised and does hereby release and forever discharge
the Company and its attorneys, officers, directors, subsidiaries, agents,
partners, predecessors, employees, representatives, shareholders, insurers,
assigns, and affiliated companies from and against any and all claims, demands,
rights and causes of action which Tyners may have or may have had against the
Company, now or in the future by reason of any matter, known or unknown,
directly or indirectly, arising out of Tyner's allegations as previously
mentioned.

     3. The Tyners further agree, that they shall immediately write a letter, to
whomever as directed by the Company, disavowing any claims, previous statements,
communications or allegations that the Company owes the Tyners any money or
stock or options except for the funds previously discussed and agreed to by the
Company in this agreement.

     4. The Company agrees to release and dismiss with prejudice any and all
claims raised, or claims that could have been raised and does hereby release and
forever discharge Tyners and Tyners' attorneys, officers, directors,
subsidiaries, agents, partners, predecessors, employees, representatives,
shareholders, insurers, assigns and affiliated companies from and against any
and all claims, demands, rights and causes of action which the Company, now or
in the future by reason of any matter, known or unknown, directly or indirectly,
arising out of or relating in any way to the claims set forth in Tyners'
allegations against the Company.

     5. The parties represent and agree that they have read this Agreement and
understand its terms and the fact that it releases all claims the Parties have
or might have had against each other relating to the allegations of money lent
by the Tyners to the Company, and the parties understand that they have the
right to consult counsel of their choice prior to signing this Agreement and
agree that they have done so or have had the opportunity to do so, and have
knowingly and/or voluntarily waived that right.

     6. This Agreement sets forth the entire understanding between the Parties
and supersedes any prior agreements or understandings, express or implied,
written or oral, pertaining to the matters set forth in this Agreement. The
Parties acknowledge that they are not relying upon any representation or
statement by any representative of either Tyners or the Company, except as
expressly set forth herein. This Agreement shall not be amended other than by
writing executed by all Parties hereto.

     7. The Tyners agrees that they are the sole owner of the claims being
released in this document; that no other person or entity has any interest in
the claims, demands and causes of actions released by it in this document and
that such claims have not been assigned or otherwise transferred to a third
party.

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     8. The person executing this Agreement hereby warrants that he has been
given the necessary authority to execute this document. The last party to
execute this Agreement shall insert the date below.

     9. Each party shall bear their own attorney's fees and costs in connection
with the preparation, negotiation and execution of the instant Agreement.

     10. Any action filed to enforce the terms and performance of this Agreement
shall be governed under, and in accordance with, Nevada law, and venue shall be
Las Vegas, Nevada. Should litigation be instituted to enforce this Agreement,
the losing party agrees to pay to the other party's reasonable attorney's fees
and costs incurred.

     Dated this _______ day of ________________, 2003.

VOYAGER ENTERTAINMENT                    FIRST NEVADA DEVELOPMENT
INTERNATIONAL, INC.                      COMPANY, LLC

By_______________________________        By_________________________________
    RICHARD L. HANNIGAN, SR.                Name:
    Its:  President                         Its:

                                         -----------------------------------
                                         Don Tyner

                                         -----------------------------------
                                         Nancy Tyner

FLANAGAN & ASSOCIATES, LTD.              PATRICK C. CLARY, CHARTERED

By_______________________________        By_________________________________
    SEAN P. FLANAGAN, ESQ.                   PATRICK C. CLARY, ESQ.
    777 N. Rainbow Blvd., Suite 390          3800 Howard Hughes Parkway,
                                             Suite 650
    Las Vegas, Nevada 89107                  Las Vegas, Nevada 89109
    Attorney for the Company                 Attorney for Tyner

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