AMENDMENT NO. 1
dated February 1, 2007
BRIDGE LOAN AGREEMENT
dated January 26, 2007
By and between
FutureIT Inc., a Delaware corporation
the Lenders listed therein
(collectively, the “Lenders”)
WHEREAS: Section 1 of the Agreement provides that the Company may issue Notes (as defined in the Agreement) in the
aggregate principal amount of up to $375,000; and
WHEREAS: the Company wishes to issue an additional Note in the principal amount of $25,000.
NOW, THEREFORE, the Company and the Lenders holding at least sixty six percent (66%) of the principal amount of the
outstanding Notes agree as follows:
1. Amendment to the Agreement
The Company may issue an additional Note in the principal amount of $25,000 so that the total aggregate principal amount of
the Notes that can be issued pursuant to the Agreement shall be $400,000 and, consequently, the following amendments will be
made to the Agreement:
1.1 The number “375,000” as it appears in all places in Section 1 of the Agreement shall be replaced by “400,000”;
1.2 The amount of Shares (as defined in the Agreement) that the Company can issue under the Agreement as specified in
Section 1 of the Agreement shall be amended from “1, 350,000” to “1,440,000”;
1.3 The percentages “0.465%” and “6.98%” as specified in Section I of the Agreement will be amended to “0.463%” and
1.4 Schedule 7.8 to the Agreement will be replaced by the Schedule 7.8 attached hereto.
This Amendment will become effective once signed by the holders of at least sixty six percent (66%) of the principal amount of
the outstanding Notes.
This Amendment may be executed in any number of counterparts, each of which shall be deemed an original and enforceable
against the parties actually executing such counterpart, and all of which together shall constitute one and the same instrument.