Exhibit 99.3
AMENDMENT TO LOAN EXTENSION AGREEMENT
THIS AMENDMENT TO LOAN EXTENSION AGREEMENT ("Amendment") by and between
Xxxxxxxxxx Equity Partners, Ltd. ("Xxxxxxxxxx"), YA Global Investments, L.P.
(f/k/a Cornell Capital Partners, L.P.) ("YA Global") and Connected Media
Technologies, Inc. ("Company") is entered into and is effective as of the August
__, 2007 to amend that Loan Extension Agreement (the "Agreement") dated June 28,
2007 between the parties hereto.
Montgomery, Cornell, and Company agree to amend the Agreement as follows:
1. Extension of Maturity Date. The first sentence of Section 2 shall be deleted
and replaced with the following: "Notwithstanding anything to the contrary
contained in the Debentures, the Maturity Date of each Debenture is hereby
changed to November 30, 2007."
2. Except as set forth herein, all terms and conditions of the Agreement shall
remain in effect and unchanged.
[Remainder of Page Intentionally Left Blank]
IN WITNESS WHEREOF, the parties hereto have executed this Amendment to
Loan Extension Agreement as of the date first above written.
CONNECTED MEDIA TECHNOLOGY, INC. XXXXXXXXXX EQUITY PARTNERS, LTD.
By:/s/ Xxxxxx Xxxxxxxx By: /s/ Xxxx Xxxxxx
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Name: Xxxxxx Xxxxxxxx Name:
Title: President Title:
YA GLOBAL INVESTMENTS, L.P.
(f/k/a CORNELL CAPITAL PARTNERS, L.P.)
By: Yorkville Advisors, LLC
Its: Investment Manger
By: /s/ Xxxx Xxxxxx
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Name:
Title:
