Document:

Exhibit 10.1

    

      POST-MERGER
        OPERATING AGREEMENT

      

      THIS
        POST-MERGER OPERATING AGREEMENT is made by and between Marian Munz (“Munz”) as
        President and CEO of California News Tech (“CNT”) and as President and CEO of
        Media Sentiment, Inc. and Steven Ludwig (“Ludwig”) as President and CEO of Debut
        Broadcasting Corporation, Inc. (“DBI”) in conjunction with that certain
        Agreement and Plan of Merger as of this 17th day of May, 2007 (the
        "Agreement").

      

      WITNESSETH:

      

      WHEREAS,
        DBI and CNT through its wholly owned subsidiary have entered into the Agreement
        which will effectuate a change in control of CNT (the “Merger”) making Ludwig
        CNT’s new president and CEO and Munz president and CEO of CNT’s wholly-owned
        subsidiary Media Sentiment Inc. (“MSI”); and 

      

      WHEREAS,
        CNT has already authorized a spinoff of MSI as a separate entity pending
        registration of its MSI stock with the Securities and Exchange Commission
        for
        distribution to its shareholders holding CNT common stock prior to the Merger;
        and

      

      WHEREAS,
        in accordance with certain terms conditions of the Agreement, the parties
        want
        to assure that the spinoff occurs promptly and that operations of the two
        businesses are conducted efficiently.

      

      NOW,
        THEREFORE, in consideration of the premises and mutual covenants,
        representations, warranties and agreements hereinafter contained, and for
        other
        good and valuable consideration, the receipt and sufficiency of which is
        hereby
        acknowledged, the parties hereto, intending to be legally bound thereby,
        agree
        as follows:

      

      1. Spin
        off of MSI stock

      

      
        	a.  	
                Escrow
                  of MSI Stock.
                  There shall be established an escrow account in which all the MSI
                  common
                  stock owned CNT (the “MSI Shares”) will be held in trust for distribution
                  to the shareholders of record holding CNT common stock as of April
                  20,
                  2007 (the “Shareholders”). This escrow account shall be irrevocable and
                  shall require the escrow holder to distribute the MSI Shares to
                  the
                  Shareholders upon the effectiveness of a Registration Statement
                  (“Registration Statement”) to be filed with the Securities and Exchange
                  Commission (“SEC”), or two years from November 1, 2006.
                  

              

      

      

      
        	b.  	
                Registration
                  of MSI Stock.
                  Within 15 days following the Closing of the merger, CNT shall file
                  with
                  the SEC the Registration Statement on a form SB-2, registering
                  for
                  distribution to the Shareholders the MSI Shares. The parties agree
                  to use
                  their best efforts and to cooperate in promptly completing and
                  processing
                  this filing through the registration
                  process.

              

      

      

      
        	c.  	
                In
                  the event that CNT is unable to register the MSI Shares for any
                  reason as
                  required by sections 1a and 1b above, CNT agrees to sell the MSI
                  shares to
                  Marian Munz for $1.00, and specifically will instruct the escrow
                  agent to
                  make such transfer within two weeks of this
                  event.

              

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      2.
         Operation
        of Separate Businesses.
        Pending
        the effectiveness of the Registration Statement and completion of the spinoff
        of
        MSI, the parties agree to operate the businesses of DBI and MSI separately,
        specifically agreeing that neither will:

      

      
        	a.  	
                interfere
                  in any manner with the operations of the
                  other;

              

      

      
        	b.  	
                have
                  any rights to use, acquire or otherwise operate any of the assets
                  or
                  intellectual property of the other;

              

      

      
        	c.  	
                neither
                  will create any liabilities for which the other will be
                  obligated.

              

      

      

      In
        addition, the parties agree to cooperate in creating and submitting all required
        reports to the SEC and any other government agencies and to work together
        in all
        other respects to run the respective business operations of the two companies
        with maximum efficiency.

      

      3. Captions
        and Headings.
        The
        Article and paragraph headings throughout this Agreement are for convenience
        and
        reference only, and shall in no way be deemed to define, bruit, or add to
        the
        meaning of any provision of this Agreement.

      

      4. No
        Oral Change.
        This
        Agreement and any provision hereof, may not be waived, changed, modified,
        or
        discharged orally, but it can be changed by an agreement in writing signed
        by
        the patty against whom enforcement of any waiver, change, modification, or
        discharge is sought.

      

      5. Time
        of the Essence.
        Time is
        of the essence of this Agreement and of each and every provision
        hereof.

      

      6. Entire
        Agreement.
        This
        Agreement contains the entire Agreement and understanding between the parties
        hereto, and supersedes all prior agreements and understandings.

      

      7. Choice
        of Law.
        This
        Agreement shall be governed by and construed in accordance with the laws
        of the
        State of Nevada.

      

      8. Counterparts.
        This
        Agreement may be executed simultaneously in one or more counterparts, each
        of
        which shall be deemed an original, but all of which together shall constitute
        one and the same instrument.

      

      9. Binding
        Effect.
        This
        Agreement shall inure to and be binding upon the heirs, executors, personal
        representatives, successors and assigns of each of the parties to this
        Agreement.

      

      10. Mutual
        Cooperation.
        The
        parties hereto shall cooperate with each other to achieve the purpose of
        this
        Agreement, and shall execute such other and further documents and take such
        other and further actions as may be necessary or convenient to effect the
        transaction described herein.

      

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      IN
        WITNESS WHEREOF, the parties hereto have duly executed this Agreement, as
        of the
        day and year first above written.

      

      

      California
        News Tech

      

       

      /s/
        Marian Munz

      By:
        Marian Munz

      Its:
        President and CEO

      

      Debut
        Broadcasting Corporation, Inc.

      

      

      

      /s/
        Steven Ludwig

      By:
        Steven Ludwig

      Its:
        President and CEO

      

      Media
        Sentiment, Inc.

      

       

      /s/ Marian
        Munz  

      By:
        Marian Munz

      Its:
        President and CEOEX-4.1

Exhibit 4.1

AMENDMENT No. 1

to the

AMENDED AND RESTATED RIGHTS AGREEMENT

This Amendment No. 1 (this “Amendment”) to the Amended and Restated Rights Agreement dated as
of September 21, 2004, between The Williams Companies, Inc., a Delaware corporation (the
“Company”), and Computershare Trust Company, N.A., a federally chartered trust company (formerly
known as Equiserve Trust Company, N.A., “Computershare”) (the “Rights Agreement”), is entered into
by and among the Company, Computershare, and UMB Bank, n.a., a national banking association
(“UMB”), this 18th day of May, 2007.

WHEREAS, on September 21, 2004, the Company and Computershare entered into the Rights
Agreement, pursuant to which Computershare has heretofore acted as the transfer agent and Rights
Agent of the Company;

WHEREAS, Section 21 of the Rights Agreement provides that if the transfer agency relationship
between the Company and the Rights Agent terminates, the Rights Agent will be deemed to resign
automatically on the effective date of such termination and the Company shall appoint a successor;
and

WHEREAS, effective February 1, 2007, the Company desires to retain UMB as its transfer agent
and therefore its Rights Agent pursuant to the Rights Agreement:

NOW, THEREFORE, in consideration of the premises and mutual agreements set forth herein and
intending to be legally bound hereby, the parties hereto agree as follows:

1. Termination and Appointment. In accordance with Section 21 of the Rights
Agreement, effective February 1, 2007, Computershare will cease to be the Rights Agent of the
Company. The Company appoints UMB as the successor Rights Agent of the Company as of February 1,
2007, and UMB agrees to assume such role and its attending responsibilities in accordance with the
terms of the Rights Agreement as of such date.

2. Representations and Warranties. UMB represents and warrants to the Company that it
(i) is a national banking association organized and doing business under the laws of the United
States in good standing; (ii) is authorized to exercise stock transfer or corporate trust power and
is subject to supervision or examination by federal or state authority; and (iii) has a combined
capital and surplus of over $100,000,000.

3. Amendment of Rights Agreement.

(a) The Rights Agreement is hereby amended to replace all references to Equiserve Trust
Company, N.A. in the Rights Agreement and any exhibits or appendices thereto with references to
UMB. For purposes of the notice provision set forth in Section 25 of the Rights Agreement, the
address for UMB is UMB Bank, n.a., Corporate Trust Division, 2401 Grand Blvd., Suite 200, Kansas
City, MO 64108.

(b) Section 21 of the Rights Agreement is hereby amended to replace the following paragraph:

“Any successor Rights Agent, where appointed by the Company or by such a court,
shall be a corporation organized and doing business under the laws of the United
States or of the State of New York (or of any other state of the United States so
long as such corporation is authorized to do business as a banking institution in
the State of New York), in good standing, which is authorized under such laws to
exercise stock transfer or corporate trust powers and is subject to supervision or
examination by federal or state authority and which, at the time of its appointment
as Rights Agent, has, or is an affiliate of a corporation which has, a combined
capital and surplus of at least $100,000,000.”

with this amended paragraph:

“Any successor Rights Agent, where appointed by the Company or by such a court,
shall be a corporation or a national association organized and doing
business under the laws of the United States or of the State of New York (or of any
other state of the United States so long as such corporation or national
association is authorized to do business as a banking institution in the State
of New York), in good standing, which is authorized under such laws to exercise
stock transfer or corporate trust powers and is subject to supervision or
examination by federal or state authority and which, at the time of its appointment
as Rights Agent, has, or is an affiliate of a corporation or national
association which has, a combined capital and surplus of at least $100,000,000.”

4. References. The term “Agreement” as used in the Rights Agreement is deemed to
refer to the Rights Agreement as amended hereby.

5. No Other Amendments. It is expressly understood and agreed that, except as
specifically provided herein, the terms, conditions, and provisions contained in the Rights
Agreement will remain in full force and effect without further change or modification.

6. Capitalized Terms. Capitalized terms used herein but not defined have the meaning
set forth in the Agreement.

7. Governing Law. This Amendment is governed by the laws of the State of Delaware.

8. Effective Time. This Amendment is effective as of 12:01 am on February 1, 2007.

[REMAINDER OF PAGE INTENTIONALLY BLANK]

1

IN WITNESS WHEREOF, the parties hereto have
caused this Amendment to be executed in their names and on their behalf by and through their duly
authorized officers, as of the date first set forth above.

	 
	 

	The Williams Companies, Inc.

	 

	/s/ James J. Bender

	 

	By: James J. Bender

Title: Sr. VP and General Counsel

	 

	UMB Bank, n.a.

/s/ Nancy L. Hoffman

	 

	By: Nancy L. Hoffman

Title: Senior Vice President

	 

	Computershare Trust Company, N.A.

/s/ Dennis V. Moccia

	 

	By: Dennis V. Moccia

Title: Managing Director

	 

2

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