AMENDMENT NO. 1 TO SECURITY AGREEMENTSecurity Agreement • September 17th, 2008 • Proelite, Inc. • Services-amusement & recreation services • California
This AMENDMENT NO. 1, dated as of September 10, 2008 (this “Amendment”), is made by and between ProElite, Inc., a New Jersey corporation (the “Company”), each of the Subsidiaries of the Company listed on the signature pages hereto (the “Subsidiary Grantors” and, together with the Company, collectively, the “Grantors”), and Showtime Networks, Inc. (the “Secured Party”).
ContractSenior Secured Note • September 17th, 2008 • Proelite, Inc. • Services-amusement & recreation services • California
THIS NOTE (AS DEFINED BELOW) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. THIS NOTE MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS NOTE UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR (B) AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS.
