Exhibit 4.1
WARRANT AMENDMENT
REFERENCE is hereby made to the Warrants referred to in Schedule A hereto
to purchase an aggregate of 287,500 shares of the Common Stock of 110 Media
Group, Inc., a Delaware corporation (the "Company") in the names set forth on
such Schedule A (the "Holder") originally issued on December 2, 2003.
WHEREAS, the Company has determined that it is in its best interest to
modify the Original Warrants to extend the term of the warrants set forth in the
Original Warrants.
NOW THEREFORE, in consideration of the agreements set forth in this
agreement and those related to the original issuance of the Original Warrants:
1. CERTAIN DEFINITIONS.
(a) Except as otherwise provided in this agreement, all words and terms
defined in the Original Warrants, have the same meanings in this agreement as
such defined words and terms are given in the Original Warrants.
(b) "Warrant" means the Original Warrants, as supplemented and amended
this agreement and as from time to time further supplemented and amended.
(c) "Amendment" means this agreement dated August 2, 2004.
2. EXTENSION OF TERM AND ADJUSTMENT OF EXERCISE PRICE.
The Original Warrants are amended as follows:
The Expiration Date of the Original Warrants is extended from November 30,
2005 to May 30, 2006.
3. EFFECT OF ORIGINAL WARRANT.
Except as supplemented and amended by this Amendment and such conforming
changes as necessary to reflect the modification herein, all of the provisions
of the Warrant shall remain in full force and effect from and after the
effective date of this Agreement.
This Amendment has been duly authorized and approved by all required
corporate action by the Company and does not violate the certificate of
incorporation or by-laws of the Company.
[SIGNATURE PAGE FOLLOWS]
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110 MEDIA GROUP, INC.
By: /s/ Xxxxxxx Xxxxxx
---------------------------
Xxxxxxx Xxxxxx
President
Dated: July 29, 2004
ATTEST:
/s/ Xxx Xxxxxxx
---------------------
Xxx Xxxxxxx
Secretary
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SCHEDULE A
DATE
HOLDER NUMBER PRICE GRANTED
------ ------ ----- -------
Capital Growth Equity Fund I, LLC 50,000 1.75 December 2, 2003
Xxxxxxxx Xxxxxx 50,000 1.75 December 2, 2003
Xxxxxxxx Xxxxxx 100,000 1.75 December 2, 2003
Xxxxxx Xxxxxx 12,500 1.75 December 2, 0000
Xxxxxx X. Xxxxxx 25,000 1.75 December 2, 0000
Xxxxxx Advisory Group Pension &
Profit Sharing Plan 50,000 1.75 December 2, 2003
TOTAL 287,500
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