Exhibit
10.29

    AMENDMENT TO
AGREEMENTS

    


    This Amendment to the Commercial
Business Loan Agreement and related Security Agreement and Promissory Note, as
of August 29, 2008, is made by and between Thermo Credit, LLC (hereinafter
referred to as the “Secured Party”) and Onstream Media Corporation (“Debtor”),
who hereby agree as follows:

    


    WHEREAS, Secured Party and
Debtor entered into a Commercial Business Loan Agreement, a Security Agreement
and a Promissory Note (hereinafter the “Agreements”) dated as of December 28,
2007 (all capitalized terms not otherwise defined herein shall have the meaning
set forth in the Agreements);

    


    WHEREAS, the Secured Party and
Debtor desire to amend the Agreements to modify certain terms and dates included
in the original Agreements;

    


    NOW, THEREFORE, for and in
consideration of the foregoing, the mutual covenants and agreements herein
contained and other good and valuable consideration, Debtor and Secured Party
hereby mutually enter into this Amendment to the Agreements as
follows:

    


    
      	
               
      

            	
              1.

            	
              The
      Principal Amount as reflected in the Agreements dated December 28, 2007
      are hereby changed from $1,000,000.00 (One million dollars) to
      $1,600,000.00 (One million six hundred thousand
  dollars).

            


    

    


    
      	
               
      

            	
              2.

            	
              Debtor
      hereby certifies that, except as previously waived by Secured
      Party:

            


    

    


    
      	
               
      

            	
              a.

            	
              all
      of the representations and warranties contained in the Agreements are true
      and correct as of the date thereof;

            


    

    
      	
               
      

            	
              b.

            	
              the
      Debtor is not in default under the
Agreements;

            


    

    
      	
               
      

            	
              c.

            	
              no
      event of default has occurred and is
continuing;

            


    

    
      	
               
      

            	
              d.

            	
              Debtor
      has not breached any covenant contained in the Agreements;
    and

            


    

    
      	
               
      

            	
              e.

            	
              the
      Agreements are in full force and effect as of the date
    hereof.

            


    

    


    
      	
               
      

            	
              3.

            	
              Except
      as set forth above, all of the remaining terms, provisions and conditions
      of the Agreements shall remain in full force and
  effect.

            


    

    


    
      	
               
      

            	
              4.

            	
              Simultaneous
      with Debtor’s execution of this Amendment, Debtor will pay to Secured
      Party a $12,000.00 (2% of increased commitment) Commitment Fee on the
      increased amount of the Principal commitment, such amount being paid in
      two equal installments, the first upon execution of this Amendment, and
      the second on the first anniversary of the
  Agreement

            


    


    
      
         


      

      
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    IN WITNESS WHEREOF, the
parties have caused this instrument to be duly executed as of the date first
above written.

    


    
      
        	
                SECURED
      PARTY:

              
	
                THERMO
      CREDIT, LLC

              
	 
      	 
      
	
                By:

              	
                /s/ Jack V. Eumont, Jr.

              
	 
      	 
      
	
                Name:

              	
                Jack V. Eumont, Jr.

              
	 
      	 
      
	
                Title:

              	
                Executive Vice President

              
	 
      	 
      
	
                DEBTOR:

              
	
                ONSTREAM
      MEDIA CORPORATION

              
	 
      	 
      
	
                By:

              	
                /s/ Randy Selman

              
	 
      	 
      
	
                Name:

              	
                Randy Selman

              
	 
      	 
      
	
                Title:

              	
                CEO

              


      

    

    


    
      
         

      

      
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