Document:

Unassociated Document

    Exhibit
      10.1

     

    Lender
      Name and Address

    

    Date     August
      15,
      2007

     

    Theater
      Xtreme Entertainment Group, Inc.

     

    250
      Corporate Boulevard, Suites E&F

     

    Newark,
      DE  19702

     

    Attention:  Scott
      R. Oglum, President

     

    Re:           Purchase
      of $100,000 Promissory Note and Warrants

     

    Dear
      Mr.
      Oglum:

     

    In
      connection with the sale by Theater Xtreme Entertainment Group, Inc. (the
“Company”) to the undersigned today of a Promissory Note in the face amount of
      $100,000 and a Warrant to purchase up to 50,000 shares of the common
      stock, par value $0.001 per share of the Company, the undersigned hereby
      represents and warrants to the Company as follows:

     

    (a)           Advice.  The
      undersigned has either consulted with the undersigned’s own investment adviser,
      attorney and/or accountant about the proposed investment and its suitability
      for
      the undersigned or chosen not to do so, despite the recommendation of that
      course of action by the Company.  The undersigned understands the
      risks of, and other considerations relating to, a purchase of such Promissory
      Note and the Warrant (collectively, the “Securities”).  The
      undersigned acknowledges that the undersigned has been given access to, and
      prior to the execution of this letter the undersigned was provided with an
      opportunity to ask questions of and receive answers from, the Company concerning
      the terms and conditions of the offering of the Securities, and to obtain any
      other information which the undersigned and the undersigned’s professional
      advisors requested with respect to the Company and the undersigned’s proposed
      investment in the Company in order to evaluate the investment and verify the
      accuracy of all information furnished to the undersigned regarding the
      Company.  All such questions, if asked, were answered satisfactorily
      and all information or documents provided were found to be
      satisfactory.

     

    (b)           Investment
      Representation and Warranty.  The undersigned is acquiring the
      Securities for his, her or its own account as principal not with a view to
      or
      for sale in connection with any distribution of all or any part of such
      Securities.  The undersigned hereby agrees that the undersigned will
      not, directly or indirectly, assign, transfer, offer, sell, pledge, hypothecate
      or otherwise dispose of all or any part of such Securities (or solicit any
      offers to buy, purchase or otherwise acquire or take a pledge of all or any
      part
      of the Securities) except in accordance with the registration provisions of
      the
      Securities Act or an exemption from such registration provisions, and any
      applicable state or other securities laws.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (c)           Representation
      of Investment Experience and Ability to Bear Risk.  The
      undersigned (i) is knowledgeable and experienced with respect to the financial,
      tax and business aspects of the ownership of investments such as the Securities
      and of the business contemplated by the Company and is capable of evaluating
      the
      risks and merits of purchasing Securities and, in making a decision to proceed
      with this investment, has not relied upon any representations, warranties or
      agreements of the Company other than as set forth in the documentation executed
      by the Company in connection with the purchase of the Securities, and (ii)
      can
      bear the economic risk of an investment in the Company and can afford to suffer
      the complete loss thereof.

     

    (d)           Accredited
      Investor.  The undersigned is an accredited investor within the
      meaning of Rule 501(a) of Regulation D promulgated under the Securities Act.
      See
      item (m) below.

     

    (e)           Suitability.  The
      undersigned has evaluated the risks involved in investing in the Securities
      and
      has determined that the Securities are a suitable investment for the
      undersigned.  Specifically, the aggregate amount of the investments
      the undersigned has in, and the undersigned’s commitments to, all similar
      investments that are illiquid is reasonable in relation to the undersigned’s net
      worth, both before and after the purchase of the Securities.

     

    (f)           Transfers
      and Transferability.  The undersigned understands and acknowledges
      that the Securities have not been registered under the Securities Act or any
      state securities laws and are being offered and sold in reliance upon exemptions
      provided in the Securities Act and state securities laws for transactions not
      involving any public offering and, therefore, cannot be resold or transferred
      unless they are subsequently registered under the Securities Act and such
      applicable state securities laws or unless an exemption from such registration
      is available.  The undersigned also understands that the Company does
      not have any obligation or intention to register the Securities for sale under
      the Securities Act or any state securities laws or of supplying the information
      which may be necessary to enable the undersigned to sell the Securities and
      that
      the undersigned has no right to require the registration of the Securities
      under
      the Securities Act, any state securities laws or other applicable securities
      regulations.

     

    The
      undersigned represents and warrants further that the undersigned has no
      contract, understanding, agreement or arrangement with any person to sell,
      transfer or pledge to such person or anyone else any of the Securities (in
      whole
      or in part) and that the undersigned has no present plans to enter into any
      such
      contract, undertaking, agreement or arrangement.

     

    The
      undersigned understands that there is no public market for the Securities and
      that any disposition of the Securities may result in unfavorable tax
      consequences to the undersigned.

     

    The
      undersigned is aware and acknowledges that, because of the substantial
      restrictions on the transferability of the Securities, it may not be possible
      for the undersigned to liquidate the undersigned’s investment in the Company
      readily, even in the case of an emergency.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    (g)           Address.  If
      the undersigned is an individual, the undersigned maintains a domicile at the
      address shown on the signature page of this letter and the undersigned is not
      merely a transient or temporarily resident there.  If the undersigned
      is an entity, the undersigned maintains its principal place of business at
      the
      address shown on the signature page of this letter.

     

    (h)           Power,
      Authority; Valid Agreement.  The undersigned has (i) all requisite
      power and authority to execute, deliver and perform the obligations of the
      undersigned under this letter and the obligation to purchase the Securities
      and
      to subscribe for and purchase or otherwise acquire the Securities, (ii) the
      undersigned’s execution of this letter has been authorized by all necessary
      corporate or other action on the undersigned’s behalf and (iii) this letter is
      valid, binding and enforceable against the undersigned in accordance with its
      terms.

     

    (l)           No
      Conflict; No Violation.  The execution and delivery of this letter
      by the undersigned and the performance of the undersigned’s duties and
      obligations hereunder (i) do not and will not result in a breach of any of
      the
      terms, conditions or provisions of, or constitute a default under (A) any
      charter, by-laws, trust agreement, partnership agreement or other governing
      instrument applicable to the undersigned or (B)(1) any indenture, mortgage,
      deed
      of trust, credit agreement, note or other evidence of indebtedness or any lease
      or other agreement or understanding or (2) any license, permit, franchise or
      certificate, in either case to which the undersigned is a party or by which
      the
      undersigned or any of them is bound or to which the undersigned’s or any of
      their properties is subject, (ii) do not require any authorization or approval
      under or pursuant to any of the foregoing and (iii) do not violate any statute,
      regulation, law, order, writ, injunction or decree to which the undersigned
      is
      subject.

     

    (m)           Accredited
      Investor.  The undersigned is an accredited investor within the
      meaning of Rule 501(a) of Regulation D promulgated under the Securities Act,
      by
      reason of clause (8) thereof.

     

    Sincerely,

     

    /s/
      Fred
      Goetz

    

    Fred
      Goetz, President

    

    /s/
      Andres Ashton

    

    Andrew
      Ashton, Treasurer

    

    Third-Order
      Nanotechnologies, Inc.

     

     

     

    3ex10-2.htm

    Exhibit
      10.2

     

    PROMISSORY
      NOTE

    

    
      
        	
                $100,000

              	 	
                Date:
                  August 15, 2007

              
	 	 	
                Newark,
                  Delaware

              

      

    FOR
      VALUE RECEIVED, THEATER XTREME
      ENTERTAINMENT GROUP, INC., a Florida corporation, publicly traded under the
      symbol “TXEG.OB” (“Maker”) hereby promises to pay to the order of Third-Order
      Nanotechnologies, Inc., a Nevada corporation, publicly traded under the
      symbol “TDON.PK” located at  2601 Annand Drive, Suite 16, Wilmington,
      DE  19808 ("Payee"), the principal sum of One Hundred Thousand
      Dollars ($100,000), lawful money of the United States of America, together
      with
      interest accrued thereon, at the rate and on the terms set forth
      below:

    

    1.           Payment
      of Interest and Principal.

    

    (a)           Payment
      of Principal.  The remaining unpaid principal balance of this Note
      shall be due and payable on the one year anniversary date of the date of this
      Note which is August 15, 2008 (the “Maturity Date”).

    

    (b)           Interest.  Interest
      shall accrue on the unpaid outstanding principal balance hereof at an annual
      rate of fourteen percent (14%).  Interest shall be calculated on the
      basis of a 360-day year, counting the actual number of days
      elapsed.  Accrued interest shall be due and payable monthly on the
      first day of each month commencing September 1, 2007 and on the Maturity
      Date.  Accrued interest, if not paid when due, shall be added to the
      principal.

    

    (c)           Prepayment.  Maker
      shall have the right to prepay at any time and from time to time, without
      penalty or premium, all or any portion of the outstanding principal of this
      Note.  All prepayments under this Note shall be applied first to
      accrued and unpaid interest and second to unpaid principal due
      hereunder.

    

    (d)           Place
      of Payment.  All amounts due from Maker to Payee hereunder shall
      be paid directly to Payee at the above address or at such other address of
      which
      Payee shall give written notice to Maker.

    

    2.           Waiver.  Maker
      hereby waives the requirements of demand, presentment, protest, notice of
      protest and dishonor and all other demands or notices of any kind in connection
      with the delivery, acceptance, performance, default, dishonor or enforcement
      of
      this Note.

    

    3.           Rights
      Cumulative.  The remedies of Payee as provided in this Note shall
      be cumulative and concurrent, may be pursued singly, successively or together
      at
      the sole discretion of Payee, may be exercised as often as occasion for their
      exercise shall occur, and in no event shall the failure to exercise any such
      right or remedy be construed as a waiver or release of it.

    

    4.           Governing
      Law.  This Note and all questions relating to its validity,
      interpretation or performance and enforcement shall be governed by and construed
      in accordance with the internal laws of the State of Delaware without reference
      to conflict of laws principles.

    

    5.           Binding
      Nature of Note.  This Note shall be binding upon Maker and its
      successors and assigns and shall inure to the benefit of Payee and his
      successors and assigns.

    

    6.           Modification.  This
      Note may not be modified or amended other than by an agreement in writing signed
      by Maker and Payee.

    

    IN
      WITNESS WHEREOF, Maker, intending to
      be legally bound, has caused its duly authorized representative to execute
      and
      deliver this Note on the date first written above.

    

    
      
        	
                Attest

              	
                THEATER
                  XTREME ENTERTAINMENT GROUP, INC.

              
	 	 
	 	 
	
                By:
                  /s/ James J. Vincenzo

              	
                By:
                  /s/ Scott R. Oglum

              
	
                Name:
                  James J. Vincenzo

              	
                Name:
                  Scott R. Oglum

              
	
                Title:
                  CFO

              	
                Title:
                  CEO

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