WARRANT TO PURCHASE COMMON STOCKWarrant Agreement • April 25th, 2006 • Interactive Television Networks • Television broadcasting stations • New York
THIS WARRANT CERTIFIES THAT for value received, Pentagon Bernini Fund, Ltd. or its registered assigns (hereinafter called the “Holder”) is entitled to purchase from Interactive Television Networks, Inc. (hereinafter called the “Company”), the above referenced number of fully paid and nonassessable shares (the “Shares”) of common stock (the “Common Stock”), of Company, at the Warrant Price per Share referenced above; the warrant price and the number of shares purchasable upon exercise of this Warrant referenced above being subject to adjustment from time to time as described herein. This Warrant is issued in connection with that certain 16% Secured Convertible Debenture dated as of April 18, 2006 (the “16% Debenture”), by and between the Company and Holder. The exercise of this Warrant shall be subject to the provisions, limitations and restrictions contained herein.
INTERACTIVE TELEVISION NETWORKS, INC. 16% SECURED CONVERTIBLE DEBENTURE DUE April 17, 2009Debenture Agreement • April 25th, 2006 • Interactive Television Networks • Television broadcasting stations
THIS DEBENTURE is issued by INTERACTIVE TELEVISION NETWORKS, INC., a Nevada Corporation (the "Company"). This Debenture is designated as the Company's 16% Secured Convertible Debenture, due on the date set forth above, in the aggregate principal amount of One Million Dollars ($1,000,000.00) (the "Debenture").
