Second Amendment to Debenture Subscription Agreement between California News Tech and DNB Capital Management, Inc.

Summary

This amendment updates the Debenture Subscription Agreement between California News Tech and DNB Capital Management, Inc. The main change is to the closing date, which is now set for March 2, 2007, or another agreed date, provided all closing conditions are met. All other terms of the original agreement remain unchanged. Both parties have agreed to this amendment as of January 31, 2007.

EX-10.1 2 ex_101.htm EXHIBIT 10.1 Exhibit 10.1

SECOND AMENDMENT TO DEBENTURE SUBSCRIPTION AGREEMENT

California News Tech

California News Tech, a Nevada corporation (hereinafter the “Company”) and DNB Capital Management, Inc., (hereinafter the “Subscriber”) in consideration for the mutual promises and covenants contained herein, agree to amend that certain Debenture Subscription Agreement dated October 30, 2006, as follows:

I. Paragraph 1.2 is amended and restated to provide as follows:

1.2 Closing. The closing of the transactions contemplated herein (the “Closing”) shall occur on March 2, 2007, or at such other time and place as the parties may agree (the “Closing Date”), provided that all of the Closing conditions set forth in sections 1.3 and 1.4 shall have occurred.

The Debenture Subscription Agreement is not otherwise modified and the original terms and conditions thereof, with the sole exception of the Amendment contained herein, shall remain in full force and effect.

Accepted and Agreed this 31st day of January, 2007

COMPANY /s/ Marian Munz By: MARIAN MUNZ Its: PRESIDENT		SUBSCRIBER /s/ David N. Baker By: David N. Baker Its: President
CALIFORNIA NEWS TECH		DNB Capital Management, Inc.