PLAYERS NETWORK - FORM 10-Q - EX-10.16 - FIRST AMENDMENT TO CONVERTIBLE DEBENTURE - August 19, 2014

Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - PLAYERS NETWORKFinancial_Report.xls
EX-10.21 - SECURITIES PURCHASE AGREEMENT - PLAYERS NETWORKplayers_10q-ex1021.htm
EX-32.1 - CERTIFICATION - PLAYERS NETWORKplayers_10q-ex3201.htm
EX-10.26 - STOCK OPTION AGREEMENT - PLAYERS NETWORKplayers_10q-ex1026.htm
EX-10.24 - COMMON STOCK PURCHASE WARRANT - PLAYERS NETWORKplayers_10q-ex1024.htm
EX-10.17 - CONVERTIBLE PROMISSORY NOTE - PLAYERS NETWORKplayers_10q-ex1017.htm
EX-10.19 - CONVERTIBLE NOTE - PLAYERS NETWORKplayers_10q-ex1019.htm
EX-10.15 - CONVERTIBLE DEBENTURE - PLAYERS NETWORKplayers_10q-ex1015.htm
EX-10.20 - CONVERTIBLE PROMISSORY NOTE - PLAYERS NETWORKplayers_10q-ex1020.htm
EX-10.22 - COMMON STOCK PURCHASE WARRANT - PLAYERS NETWORKplayers_10q-ex1022.htm
EX-10.25 - STOCK OPTION AGREEMENT - PLAYERS NETWORKplayers_10q-ex1025.htm
EX-10.23 - SUBSCRIPTION AGREEMENT - PLAYERS NETWORKplayers_10q-ex1023.htm
EX-31.1 - CERTIFICATION - PLAYERS NETWORKplayers_10q-ex3101.htm
10-Q - QUARTERLY REPORT - PLAYERS NETWORKplayers_10q-063014.htm
EX-10.18 - SECURITIES PURCHASE AGREEMENT - PLAYERS NETWORKplayers_10q-ex1018.htm

Exhibit 10.16

 

FIRST AMENDMENT

TO

CONVERTIBLE DEBENTURE DATED May 8, 2014

 

This Amendment, effective as of May 12, 2014, is to that certain Convertible Debenture (the "Debenture") dated May 8, 2014 of Players Network Inc., a Nevada corporation ("Borrower") in favor of Group 10 Holdings LLC ("Holder").

 

In consideration of the mutual promises herein contained and for other good and valuable consideration, receipt whereof is hereby acknowledged, the parties agree to amend the Debenture as follows with immediate effect:

 

1.In Section 2.2, in sentence nine "Three Cents (0.03)" are deleted and replaced by "Four and a half (0.045)"

 

2.Holder hereby represent and warrants that it has made no previous assignment of the Debenture, in whole or in part, and remains the sole owner of all legal and beneficial right in, to and under the Debenture.

 

3.The parties will promptly deliver a copy of this Amendment to Borrower's stock transfer agent and instruct the transfer agent to honor the terms of this Amendment.

 

4.Except as amended by this Amendment, the Debenture shall remain in effect as written.

 

IN WITNESS WHEREOF the parties have executed this Amendment as of the day and year first above written.

 

 

 

 

Players Network INC.

 

 

By /s/ Mark Bradley

Name: Mark Bradley

Title: CEO

 

 

 

 

GROUP 10 HOLDINGS, INC.

 

 

By /s/ Adam Wasserman

Adam Wasserman, Manager

 

 

 

PLAYERS NETWORK Reports