Exhibit 10.29
December 18, 2006
Xxxxxx Partners, LP
c/o Barron Capital Advisors, LLC
Managing Partner
Attn: Xxxxxx Xxxxxx Xxxxxx
000 0xx Xxx, 00xx xxxxx
Xxx Xxxx, XX 00000
Re: Common Stock Warrants "A", "B", "C" and "D"
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Xx. Xxxxxx:
Reference is made to the Common Stock Purchase Warrant "A" (the "Series
A Warrants"), the Common Stock Purchase Warrant "B" (the "Series B Warrants"),
Common Stock Purchase Warrant "C" (the "Series C Warrants"), and the Common
Stock Purchase Warrant "D" (the "Series D Warrant"), all dated June 17, 2005 and
issued by Adsouth Partners, Inc., a Nevada corporation (the "Company") to Xxxxxx
Partners, L.P., (the "Warrant Holder". This letter will confirm the following:
1. The exercise price of the Series A Warrant to purchase 1,437,246 shares of
the Company's $.0001 par value common stock (the "Common Stock") will be reduced
to $0.03 per share.
2. The exercise price of the Series B Warrant to purchase 1,887,246 shares of
Common Stock will be reduced to $0.03 per share.
3. The exercise price of the Series C Warrant to purchase 2,642,144 shares of
Common Stock will be reduced from to $0.03 per share.
4. The exercise price of the Series D Warrant to purchase 2,642,144 shares of
Common Stock will be reduced to $0.03 per share.
5. The expiration date of the Series A Warrants, the Series B Warrants, the
Series C Warrants and the Series D Warrants is changed from
June 17, 2010 to June 17, 2009.
Please confirm your agreement with the foregoing.
Very truly yours,
/s/ Xxxxx X. Xxxxxx
-------------------
Xxxxx X. Xxxxxx
Acting Chief Executive Officer
XXXXXX PARTNERS, LP
By: Xxxxxx Capital Advisors, LLC
By:/s/ Xxxxxx X. Xxxxxx
---------------------------
Xxxxxx X. Xxxxxx, President
December 18, 2006
Xx. Xxxxxxx Xxxxxxxx
00 Xxxxxx Xxxxxxx Xxxx
Xxxxxx, XX 00000
Re: Common Stock Warrants "A", "B", "C" and "D"
-------------------------------------------
Dear Xxxxxxx:
Reference is made to the Common Stock Purchase Warrant "A" (the "Series
A Warrants"), the Common Stock Purchase Warrant "B" (the "Series B Warrants"),
Common Stock Purchase Warrant "C" (the "Series C Warrants"), and the Common
Stock Purchase Warrant "D" (the "Series D Warrant"), all dated June 17, 2005 and
issued by Adsouth Partners, Inc., a Nevada corporation (the "Company") to you.
This letter will confirm the following:
1. The exercise price of the Series A Warrant to purchase 38,092 shares of the
Company's $.0001 par value common stock (the "Common Stock") will be reduced to
$0.03 per share.
2. The exercise price of the Series B Warrant to purchase 38,092 shares of
Common Stock will be reduced to $0.03 per share.
3. The exercise price of the Series C Warrant to purchase 53,329 shares of
Common Stock will be reduced to $0.03 per share.
4. The exercise price of the Series D Warrant to purchase 53,329 shares of
Common Stock will be reduced to $0.03 per share.
5. The expiration date of the Series A Warrants, the Series B Warrants, the
Series C Warrants and the Series D Warrants is changed from June 17, 2010 to
June 17, 2009.
Please confirm your agreement with the foregoing.
Very truly yours,
/s/ Xxxxx X. Xxxxxx
-------------------
Xxxxx X. Xxxxxx
Acting Chief Executive Officer
/s/ Xxxxxxx Xxxxxxxx
--------------------
Xxxxxxx Xxxxxxxx
December 18, 2006
Xxxxxx Venture Capital
0000 Xxxxxxx Xxx
Xxxx Xxxxx, XX 00000
Attention: Xx. Xxxxx X. Xxxxx
Re: Common Stock Warrants "A", "B", "C" and "D"
-------------------------------------------
Dear Al:
Reference is made to the Common Stock Purchase Warrant "A" (the "Series
A Warrants"), the Common Stock Purchase Warrant "B" (the "Series B Warrants"),
Common Stock Purchase Warrant "C" (the "Series C Warrants"), and the Common
Stock Purchase Warrant "D" (the "Series D Warrant"), all dated June 17, 2005 and
issued by Adsouth Partners, Inc., a Nevada corporation (the "Company") to you in
the June 2005 private placement. This letter will confirm the following:
1. The exercise price of the Series A Warrant to purchase 574,662 shares of the
Company's $.0001 par value common stock (the "Common Stock") will be reduced to
$0.03 per share.
2. The exercise price of the Series B Warrant to purchase 574,662 shares of
Common Stock will be reduced to $0.03 per share.
3. The exercise price of the Series C Warrant to purchase 804,527 shares of
Common Stock will be reduced to $0.03 per share.
4. The exercise price of the Series D Warrant to purchase 804,527 shares of
Common Stock will be reduced to $0.03 per share.
5. The expiration date of the Series A Warrants, the Series B Warrants, the
Series C Warrants and the Series D Warrants is changed from June 17, 2010 to
June 17, 2009.
Please confirm your agreement with the foregoing.
Very truly yours,
/s/ Xxxxx X. Xxxxxx
-------------------
Xxxxx X. Xxxxxx
Acting Chief Executive Officer
XXXXXX VENTURE CAPITAL
By:/s/ Xxxxx X. Xxxxx
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Xxxxx X. Xxxxx, principal
