FORM OF
AMENDMENT TO THE NOVEMBER DEBENTURE

Reference is made to that certain 15% Debenture issued as follows:

   
Issuer:
Theater Xtreme Entertainment Group, Inc. (the “Company”)
Issued to:
Summit Trust IRA FBO Warren Danner (the “Payee”)
Principal Sum
______________
Maturity Date (as amended):
March 17, 2008
Original Issue date:
November     , 2006

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

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

Whereas, the Payee agrees to further amend said Debenture,

Now, therefore, for and in consideration of One Dollar ($1.00) and other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and Payee hereby agree that the Debenture be and
hereby is amended as follows:

Paragraph 1, as amended, be deleted in its entirety and replaced by the
following, effective on March 17, 2008:

“1.  Maturity. All principal, accrued interest and other amounts due hereunder
shall be due and payable on April 30, 2008 (the “Maturity Date”) which date can
be further extended for successive monthly increments (30 or 31 days as the case
may be), on a month-to-month, basis at the sole discretion of the Payee. The
Company may prepay the amounts due and payable due under this Debenture at any
time in whole or in part without any prepayment penalty.”

All other provisions of the Debenture remain in full force and effect, other
than any provision that conflicts with the terms of this amendment.

Agreed and Accepted:

 
:
Theater Xtreme Entertainment Group, Inc.
     
/s/  November debenture Investor
 
/s/ James J. Vincenzo
     
by: _____________________________
 
by:   James J. Vincenzo
its: _____________________________
 
CFO
     
Date:
 
Date

 
 

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