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EXHIBIT 10.2
FIRST AMENDMENT TO WARRANT
THIS FIRST AMENDMENT TO WARRANT ("Amendment") is deemed to
have been made and entered into on and as of December __, 1998, by and between
ADRENALIN INTERACTIVE, INC., a Delaware corporation formerly known as Wanderlust
Interactive, Inc. (the "Company"), and ___________________________ (the
"Holder").
RECITALS
A. The Company is the issuer and the Holder is the current
record and beneficial owner of a Warrant (No. _____) to purchase up to an
aggregate of ______ shares of the Company's Common Stock at an exercise price of
$____ per share exercisable at any time until 5:00 p.m., Pacific Standard Time,
on December 31, 2004 (the "Warrant").
B. The Company and the Holder have agreed to amend certain of
the provisions of the Warrant on the terms and conditions hereinafter set forth.
TERMS AND CONDITIONS
NOW, THEREFORE, the parties hereto agree as follows:
1. Reduction of Exercise Price. For valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Company hereby
agrees that the Exercise Price (as defined in the Warrant) shall be reduced to
$0.05 per share of Common Stock covered thereby from and after the date of this
Amendment.
2. Amendment of Expiration Date. In consideration of the
reduction in the Exercise Price set forth in Section 1 hereof, the Holder hereby
agrees that the Expiration Date (as defined in the Warrant) shall be amended
such that the Warrant, as herein amended, may not be exercised after 5:00 p.m.,
Pacific Standard Time, on December 31, 2000.
3. No Other Amendments. Except as amended hereby, the terms
and provisions of the Warrant shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed and delivered
this Amendment as of the date first above written.
"Company" "Holder"
ADRENALIN INTERACTIVE, INC.
By: _____________________________ ______________________________________
Xxx Xxxxx, III, President and
Chief Executive Officer
