CAMELOTENTERTAINMENT GROUP, INC. 130VANTIS, SUITE 140 ALISOVIEJO, CA 92656

EX-4.8 9 exhibit_4-8.htm AMENDMENT OF NOTES exhibit_4-8.htm

EXHIBIT 4.8
 
CAMELOT ENTERTAINMENT GROUP, INC.
130 VANTIS, SUITE 140
ALISO VIEJO, CA 92656
 
July 31, 2008
 
AJW Partners, LLC
New Millenium Capital Partners II, LLC
AJW Offshore, Ltd.
AJW Qualified Partners, LLC
AJW Master Fund, Ltd.
1044 Northern Boulevard
Suite 302
Roslyn, New York 11576
 
 
Re:
Camelot Entertainment Group, Inc. (the "Company") -
Amendment of Note:
 
Ladies and Gentlemen:
 
This letter sets forth the agreement of the parties hereto to amend all of the Notes, which are convertible into shares of the Company's common stock, par value $.001 per share, ever issued by the Company to the investors listed in the signature pages hereto (collectively, the "Investors")(the "Notes").
 
By execution hereof, for good and valuable consideration the receipt and sufficiency of which is hereby  acknowledged, the parties hereto agree that:
 
 
1.
The Interest Rate (as defined in the Notes), effective as of January 1, 2008, shall be 10%.
 
 
2.
The Applicable Percentage (as defined in the Notes) shall be 50%.
 
The parties shall do and perform, or cause to be done and performed, all such further acts and things and shall execute and deliver all such other agreements, certificates, and instruments and documents, as the other parties hereto may reasonably request in order to carry out the intent and accomplish the purposes of this letter agreement, including without limitation the issuance of amended Notes.
 
Please signify your agreement with the foregoing by signing a copy of this letter where indicated and returning it to the undersigned.
 
 
  Sincerely,  
     
  CAMELOT ENTERTAINMENT GROUP, INC.  
       
 
By:
/s/ Robert P. Atwell  
    Robert P. Atwell  
    Chief Executive Officer  
       
 
 
 
1

 
ACCEPTED AND AGREED:
 
AJW PARTNERS, LLC.
By: SMS GROUP, LLC
 
         
/s/  Corey S. Ribotsky
   
 
 
Corey S. Ribotsky, Manager
   
 
 
 
 
NEW MILLENIUM CAPITAL PARTNERS II, LLC
By: FIRST STREET MANAGER II, LLC.
 
         
/s/  Corey S. Ribotsky
   
 
 
Corey S. Ribotsky
   
 
 
 
 
AJW OFFSHORE, LTD.
By: FIRST STREET MANAGER II, LLC.
 
         
/s/  Corey S. Ribotsky
   
 
 
Corey S. Ribotsky
   
 
 
 
 
AJW QUALIFIED PARTNERS, LLC
By: AJW MANAGER, LLC
 
         
/s/  Corey S. Ribotsky
   
 
 
Corey S. Ribotsky
   
 
 
 
 
AJW MASTER FUND LTD.
By: FIRST STREET MANAGER II, LLC.
 
         
/s/  Corey S. Ribotsky
   
 
 
Corey S. Ribotsky