SECOND AMENDMENT TO THE DEBENTURE
SECOND
AMENDMENT TO THE DEBENTURE
Reference
is made to that certain 15% Debenture issued as follows:
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Issuer:
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Theater
Xtreme Entertainment Group, Inc. (the “Company”)
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Issued
to:
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___________________________
(the “Payee”)
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Principal
Sum
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$______________
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Maturity
Date:
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November
30, 2007
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Original
Issue date:
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November
__, 2006
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First
Amendment Date:
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November
21, 2007 (the “Debenture”)
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Whereas,
the Company is in the process of raising additional capital, and
Whereas,
the Company desires that certain of its existing debentures be amended to
facilitate this capital raise, and,
Whereas,
the Payee agrees to further amend said ▇▇▇▇▇▇▇▇▇,
Now,
therefore, for and in consideration of One Dollar ($1.00) and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and Payee hereby agree that the Debenture be and
hereby is amended as follows:
Paragraph
1, as amended, be deleted in
its entirety and replaced by the following, effective on November 22,
2007:
“1. Maturity.
All
principal, accrued interest and other amounts due hereunder shall be due and
payable on March 17, 2008 (the “Maturity Date”). The Company may prepay the
amounts due and payable due under this Debenture at any time in whole or in
part
without any prepayment penalty.”
All
other
provisions of the Debenture remain in full force and effect, other than any
provision that conflicts with the terms of this amendment.
Agreed
and Accepted:
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by:
___________
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by:
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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its:____________
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CFO
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Dated:
___________
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Dated:
___________
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