FIRST AMENDMENT TO DEBENTURE SUBSCRIPTION AGREEMENT California News Tech
FIRST
AMENDMENT TO DEBENTURE SUBSCRIPTION AGREEMENT
California
News Tech, a Nevada corporation (hereinafter the “Company”) and DNB Capital
Management, Inc., (hereinafter the “Subscriber”) in consideration for the mutual
promises and covenants contained herein, agree to amend that certain Debenture
Subscription Agreement dated October 30, 2006, as follows:
I. Paragraph
1.2 is amended and restated to provide as follows:
1.2 Closing.
The closing of the transactions contemplated herein (the “Closing”) shall occur
on January 31, 2007, or at such other time and place as the parties may agree
(the “Closing Date”), provided that all of the Closing conditions set forth in
sections 1.3 and 1.4 shall have occurred.
The
Debenture Subscription Agreement is not otherwise modified and the original
terms and conditions thereof, with the sole exception of the Amendment contained
herein, shall remain in full force and effect.
Accepted
and Agreed this 7th day of December, 2006
|
COMPANY
/s/
Xxxxxx Xxxx
By:
XXXXXX XXXX
Its:
PRESIDENT
|
SUBSCRIBER
/s/
Xxxxx Xxxxx
By:
XXXXX XXXXX
Its:
PRESIDENT
|
|
|
|
DNB
Capital Management, Inc.
|
