Exhibit 10.1

   REVISED DESCRIPTION OF GIORGOS KALLIDES VERBAL AGREEMENT WITH BETAFOX CORP.

GIORGOS KALLIDES, the sole officer and director of BETAFOX CORP. (the
"Company")has verbally agreed to loan the Company funds necessary to complete
the registration process on Form S-1 and lend funds to implement the Company's
business plan and to help maintain a reporting status with the SEC in the form
of a non-secured loan for the next twelve months. The loan is unsecured and does
not bear interest nor have a maturity date or a repayment provision or other
terms and conditions.



/s/ Giorgos Kallides
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Giorgos Kallides