AMENDMENT TO WARRANT PURCHASE AGREEMENT AND STOCK PURCHASE WARRANT
AMENDMENT
TO
STOCK
PURCHASE WARRANT
This
Amendment, effective as of September 28, 2006, amends the terms of the Warrant
Purchase Agreement by and between Xxxxxxxxx Mobile Fueling, Inc., a Florida
corporation (the “Company”), and the undersigned Purchasers dated June 30, 2006
(the “Agreement”) and of the Stock Purchase Warrants issued in connection with
the Agreement (the “Warrants”).
WITNESSETH:
WHEREAS,
the Company and the Purchasers entered into the Agreement pursuant to which
the
Warrants were issued to the Purchasers, and the Warrants by their terms expire
on September 28, 2006, unless sooner exercised (the “Exercise Period”);
and
WHEREAS,
the Company and the Purchasers wish now to extend the Exercise Period for the
Warrants to November 30, 2006 and to correspondingly extend the suspension
of
the Company’s obligation to make principal payments on the Notes (as that term
is defined in the Agreement).
NOW,
THEREFORE, in consideration of the mutual covenants and agreements contained
in
the Warrants and the Agreement and hereinafter set forth, the parties hereto
hereby alter, modify and amend the Warrants and the Agreement as
follows.
1.
The
Exercise Period for each of the Warrants is hereby extended to November 30,
2006.
2.
If
and to
the extent that the Warrants are not exercised and expire, the suspended
principal payments for the Notes will be paid at the time of the next scheduled
principal payments on February 28, 2007.
3.
Except
as
expressly stated in this Amendment, the terms and conditions of the Warrants
and
the Agreement shall remain in all respects unchanged.
IN
WITNESS WHEREOF, the parties hereto have caused these Amendments to be duly
executed as of the date first above set forth.
THE
COMPANY:
XXXXXXXXX
MOBILE FUELING, INC.
By: /s/Xxxxxxx
X.
Xxxxxxxxx
Xxxxxxx
X. Xxxxxxxxx, President and CEO
PURCHASERS:
TRIAGE
CAPITAL MANAGEMENT, L.P.
By: /s/Xxxx
Xxxxxxx
Name:
Xxxx
Xxxxxxx
Title:
Senior
Manager
TRIAGE
CAPITAL MANAGEMENT B, L.P.
By: /s/Xxxx
Xxxxxxx
Name:
/s/Xxxx
Xxxxxxx
Title:
Senior
Manager
[Signatures
to that certain Amendment to Warrant Purchase Agreement and Stock Purchase
Warrant effective as of September 28, 2006]