AMENDMENT NO 1 TO 8% SERIES C UNSECURED CONVERTIBLE DEBENTURE
AND WARRANTS PURCHASE AGREEMENT
Dated as of October 17, 2005
Reference is made to that certain 8% SERIES C UNSECURED CONVERTIBLE
DEBENTURE AND WARRANTS PURCHASE AGREEMENT, dated as of October 18, 2005 (the
"Agreement"), entered into by and between the undersigned (the "Investor") and
Airtrax, Inc. (Nasdaq OTC Bulletin Board: AITX.OB), a corporation organized and
existing under the laws of the State of New Jersey (the "Company").
All terms not otherwise defined herein shall have the meanings ascribed to
such terms in the Agreement.
By this Amendment No.1 , the undersigned Investor confirms and agrees with
the Company that the definition of Second Closing is hereby amended and restated
to read:
"Second Closing" shall mean the proposed offering, on the same terms and
conditions set forth in the Transaction Documents, of up to the remaining
$5,000,000 of unsecured convertible debentures and common stock purchase
warrants of the Company to certain existing accredited investors of the Company
who have elected to exercise their right of participation granted to such
investors pursuant to the Securities Purchase Agreement dated as of November 23
and 24, 2004 and the Subscription Agreement dated as of February 11, 2005. The
Second Closing shall take place on or prior to October 28, 2005.
The undersigned confirms his/her/its subscription.
Investor Name: ____________________________________
Authorized Signature: ____________________________________
