THIRD AMENDMENT TO SUBSCRIPTION AGREEMENT
 
This Third Amendment to Subscription Agreement (this “Amendment”) is made and
entered into as of the 25th day of November, 2007 by and between Trulite, Inc.,
a Delaware corporation (“Trulite”) and Contango Venture Capital Corporation
(“CVCC”).
 
RECITALS
 
A. Trulite and CVCC entered into (i) that certain Subscription Agreement dated
April 5, 2007 and (ii) that certain amendment to Subscription Agreement dated
April 24, 2007 (as amended, the “Subscription Agreement”), and that certain
Second Amendment to Subscription Agreement dated June 29, 2007 and desire to
further amend the Subscription Agreement as set forth herein.
 
B. Capitalized terms used but not otherwise defined in this Amendment shall have
the meanings assigned to such terms in the Subscription Agreement.
 
NOW, THEREFORE, for and consideration of the mutual promises and covenants
contained herein, the receipt and sufficiency of which is hereby acknowledged,
Trulite and CVCC agree as follows:
 
1. Section 1 of the Subscription Agreement is hereby amended to read in its
entirety as follows:
 
“1. Trulite shall issue to CVCC a number of shares of Common Stock determined by
the quotient of (x) the aggregate principal balance of and accrued but unpaid
interest on the Notes as of the close of business on the day immediately
preceding the Effective Date divided by (y) the agreed price per share of Common
Stock of $0.67 (collectively, the “Shares”).
 
2. Exhibit A to the Subscription Agreement is hereby amended in its entirety to
read as Exhibit A attached to this Amendment, and all references to Notes in the
Subscription Agreement shall be deemed to be references to the promissory notes
listed on Exhibit A attached to this Amendment. Additionally, Trulite and CVCC
acknowledge that the aggregate principal balance of the Notes is $765,000.
 
3. By executing this Amendment, Trulite affirms the representations and
warranties set forth in Section 3 of the Subscription Agreement.
 
4. By executing this Amendment, CVCC affirms the representations and warranties
set forth in Section 4 of the LLC Agreement.
 
5. Except as amended hereby, the Subscription Agreement shall remain unchanged.
 
 
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Executed as of the date first set forth above.
 

 
TRULITE, INC.
     
By:
   
Name:
   
Title:
 

 

 
CONTANGO VENTURE CAPITAL CORPORATION
     
By:
   
Name:
   
Title:
 

 
 
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EXHIBIT A
 
Date of Note
 
Payee
 
Aggregate
Principal Amount
 
August 9, 2006
   
Contango Venture Capital Corporation
 
$
125,000
 
November 22, 2006
   
Contango Venture Capital Corporation
 
$
400,000
 
February 6, 2007
   
Contango Venture Capital Corporation
 
$
240,000
 

 
 

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