Amendment to Warrant to Purchase Common Stock between Theater Xtreme Entertainment Group, Inc. and Warrant Holder

Contract Categories: Business Finance › Warrant Agreements
Summary

This amendment agreement is between Theater Xtreme Entertainment Group, Inc. and a warrant holder. It modifies a previously issued warrant to purchase common stock by deleting specific provisions (paragraphs (g)(2) through (g)(14)) effective November 21, 2007. The amendment is intended to help the company raise additional capital. Both parties must sign and date the amendment for it to take effect.

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EX-10.5 6 ex10-5.htm EXHIBIT 10.5 ex10-5.htm
AMENDMENT
TO THE

WARRANT TO PURCHASE COMMON STOCK
OF
THEATER XTREME ENTERTAINMENT GROUP, INC.


Reference is made to that certain Warrant to Purchase Common Stock to Theater Xtreme Entertainment Group, Inc. issued as follows:

 
Issuer:
Theater Xtreme Entertainment Group, Inc. (the “Company”
 
Issued to:
________________
 
Warrant Shares:
________________
 
Exercise Price:
$1.00 per share
 
Issue date:
________________, (collectively, the “Warrant”)

Whereas, the Company is in the process of raising additional capital, and

Whereas, the Company desires that certain of its warrants be amended to facilitate this capital raise, and,

Whereas, the Warrant Holder agrees to amend said Warrant,

The Company and Warrant Holder agree that the Warrant be and hereby is amended as follows:

That effective November 21, 2007, paragraph items (g)(2) through (g)(14) be and hereby are deleted in their entirety.
 
Agreed and Accepted:
   
Theater Xtreme Entertainment Group, Inc.
       
       
       
     
Warrant Holder
  
by:
James J. Vincenzo
     
CFO
Date: _________________
  
Date: ________________