SECOND AMENDMENT TO THE DEBENTURE

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

 
Issuer:
Theater Xtreme Entertainment Group, Inc. (the “Company”)
 
Issued to:
___________________________ (the “Payee”)
 
Principal Sum
$______________
 
Maturity Date:
November 30, 2007
 
Original Issue date:
November __, 2006
 
First Amendment Date:
November 21, 2007 (the “Debenture”)

Whereas, the Company is 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 November 22, 2007:

“1.  Maturity. All principal, accrued interest and other amounts due hereunder
shall be due and payable on March 17, 2008 (the “Maturity Date”). 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.
                       
by: ___________
 
by: James J. Vincenzo
its:____________
 
CFO
     
Dated: ___________
 
Dated: ___________

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