PENTHOUSE MEDIA GROUP INC. SECOND AMENDMENT AND LIMITED WAIVER TO SECURITIES PURCHASE AGREEMENTS FOR ACQUISITION AND RELATED TRANSACTIONSSecond Amendment and Limited Waiver to Securities Purchase Agreements for Acquisition and Related Transactions • January 21st, 2010 • FriendFinder Networks Inc. • Services-computer programming, data processing, etc. • New York
This SECOND AMENDMENT AND LIMITED WAIVER FOR ACQUISITION AND RELATED TRANSACTIONS (this "Waiver"), effective as of December 6, 2007 (the "Effective Date"), is entered into by and among Penthouse Media Group Inc., a Nevada corporation (the "Issuer") and the holders whose names appear on the signature pages hereto (the "Holders") of the Issuer's outstanding (a) 14.0% Senior Secured Notes due 2010 (as amended and restated as of the date hereof as 15.0% Senior Secured Notes due 2010, the "2005 Notes"), and (b) 15.0% Senior Secured Notes due 2010 (as amended and restated as of the date hereof, the "2006 Notes").
