SECOND AMENDMENT TO DEBENTURE SUBSCRIPTION AGREEMENT California News Tech
SECOND
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 March 2, 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 31st day of January, 2007
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COMPANY
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By:
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Its:
PRESIDENT
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SUBSCRIBER
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By:
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Its:
President
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DNB
Capital Management, Inc.
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