First Amendment to Stockholders Agreement by and among Options Media Group Holdings, Inc., Scott Frohman, Anthony Sasso, and Paul Taylor

Summary

This amendment, dated August 27, 2010, adds Paul Taylor as a party to the existing Stockholders Agreement originally signed by Options Media Group Holdings, Inc., Scott Frohman, and Anthony Sasso. From this date forward, all references to "Stockholder" in the agreement will include Taylor. All other terms of the original agreement remain unchanged and in effect.

EX-10.17 10 opmg_ex1017.htm AMENDMENT TO STOCKHOLDERS AGREEMENT opmg_ex1017.htm

EXHIBIT 10.17

FIRST AMENDMENT TO STOCKHOLDERS AGREEMENT

This FIRST AMENDMENT TO STOCKHOLDERS AGREEMENT is made this 27th day of August, 2010 (this “Amendment”), by and among Options Media Group Holdings, Inc., a Nevada corporation (“Options”), Scott Frohman (“Frohman”), Anthony Sasso (“Sasso”) and Paul Taylor (“Taylor”).

WHEREAS, Options, Frohman and Sasso entered into that certain Stockholders Agreement dated April 16, 2010 (the “Agreement”); and

WHEREAS, the Company, Frohman and Sasso desire to amend the Agreement in accordance with this Amendment.

NOW THEREFORE, in consideration of the premises and of the covenants and agreements set forth herein, the undersigned agree that the Agreement shall be amended as follows:

1. Taylor shall be added as a party to the Agreement.

2. Every reference to the term “Stockholder” in the Agreement shall include Taylor.

3. Except as specifically amended hereby, the Agreement remains in full force and effect in accordance with its terms.

IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above.

	Options Media Group Holdings, Inc.

	By:	/s/ Scott Frohman
		Scott Frohman
		Chief Executive Officer


		/s/ Scott Frohman
		Scott Frohman


		/s/ Anthony Sasso
		Anthony Sasso


		/s/ Paul Taylor
		Paul Taylor