AMENDMENT TO WARRANT AGREEMENT
Exhibit
10.68
AMENDMENT
TO WARRANT AGREEMENT
This
Amendment to Warrant Agreement (this “Agreement”)
is
made and entered into as of March __, 2007.
RECITALS
A. The
undersigned, Contango Capital Partners, L.P. (the “Holder”)
is the
holder of a warrant dated April 13, 2006 issued by Trulite, Inc., a Delaware
corporation (the “Company”)
to
purchase 592,500 shares of the Company’s common stock, $0.0001 per share (the
“Warrant”).
B. The
Warrant provides that unless earlier terminated in accordance with its terms
the
Warrant may only be exercised through 5:00 p.m. CST on April 13, 2007 (the
“Exercise
Termination Date”).
C. The
Board
of Directors of the Company has determined that it is desirable and in the
best
interest of the Company to extend the Exercise Termination Date until 5:00
p.m.
CDT on April 13, 2008 and, accordingly, has approved the amendment of the
Warrant to so provide.
NOW,
THEREFORE,
for and
in consideration of the mutual promises and covenants contained herein, the
receipt and sufficiency of which is acknowledged, the parties hereto agree
as
follows:
1. The
Warrant is hereby amended so that each reference therein to “April 13, 2007” is
a reference to “April 13, 2008.”
2. Except
as
amended herein, the Warrant remains unchanged.
IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first
written.
TRULITE, INC. | ||
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By: | ||
Xxxxxxxx Xxxxxxxx, President |