Document:

AMENDMENT NO. 2 TO UNIT PURCHASE
		OPTION
	 

	 
		WHEREAS, Courtside Acquisition Corp. (the
		“Company”) wishes to clarify that certain rights granted under those
		certain Unit Purchase Options issued to EarlyBirdCapital, Inc.
		(“EBC”) and its designees do not conflict with rights subsequently
		granted by the Company to certain of its stockholders (“New
		Investors”) in connection with a proposed acquisition by the Company of
		American Community Newspapers LLC;
	 

	 
		WHEREAS, pursuant to Section 9 of the Unit Purchase
		Option, the Company and EBC may from time to time supplement or amend the Unit
		Purchase Option without the approval of any of the holders in order to cure any
		ambiguity; and
	 

	 
		WHEREAS, the Company and EBC wish to amend
		the Unit Purchase Option as follows: 
	 

	 
		I. Section 5.2.1 is hereby amended by
		replacing it in its entirety with the following:
	 

	 
		5.2.1 Grant of Right.
	 

	 
		In addition to the demand right of
		registration, the Holders of the Purchase Options shall have the right for a
		period of seven years commencing on the Effective Date, to include the
		Registrable Securities as part of any other registration of securities filed by
		the Company (other than in connection with a transaction contemplated by Rule
		145(a) promulgated under the Act or pursuant to Form S-8); provided, however,
		that if, in the written opinion of the Company’s managing underwriter or
		underwriters, if any, for such offering, the inclusion of the Registrable
		Securities, when added to the securities being registered by the Company or the
		selling stockholder(s), will exceed the maximum amount of the Company’s
		securities which can be marketed (i) at a price reasonably related to their
		then current market value, and (ii) without materially and adversely affecting
		the entire offering (the “Maximum Amount”), then the securities to be
		sold by the Company to all stockholders (including the holders of Registrable
		Securities) in such public offering shall be included as follows:
	 

	 
		(A) In the event that the registration is a
		“demand” registration undertaken at the demand of persons other than
		the holders of Registrable Securities pursuant to written contractual
		arrangements with such persons:
	 

	 
		(x) first, the number of securities for the
		account of persons exercising a written contractual arrangement to demand
		registration that can be sold without exceeding the Maximum Amount;
	 

	 
		(y) second, to the extent that the Maximum
		Amount has not been reached under the foregoing clause (x), the number of
		securities that the Company desires to sell that can be sold without exceeding
		the Maximum Amount; and
	 

	 
		 
	 

	 
		 
	 

	 
	 

	 

	 
		(z) third, to the extent that the Maximum
		Amount has not been reached under the foregoing clauses (x) and (y) the number
		of securities (including the Registrable Securities) as to which registration
		has been requested pursuant to written contractual “piggy-back”
		registration rights of other selling stockholders, (pro rata between such
		selling stockholders in accordance with the number of shares of Common Stock
		which each such selling stockholder has actually requested to be included in
		such registration, regardless of the number of shares of Common Stock with
		respect to which such selling stockholders have the right to request such
		inclusion) that can be sold without exceeding the Maximum Amount.
	 

	 
		(B) In the event that the Company proposes
		to register its securities (in circumstances other than by persons exercising a
		written contractual arrangement to demand registration) in an underwritten
		offering subject to a Maximum Amount, then the securities to be sold in such
		public offering shall be included as follows:
	 

	 
		(x) first, the number of securities that the
		Company desires to sell that can be sold without exceeding the Maximum Amount;
		and
	 

	 
		second, to the extent that the Maximum
		Amount has not been reached under the foregoing clause (x) the number of
		securities (including the Registrable Securities) as to which registration has
		been requested pursuant to written contractual “piggy-back”
		registration rights of other selling stockholders, (pro rata between such
		selling stockholders in accordance with the number of shares of Common Stock
		which each such selling stockholder has actually requested to be included in
		such registration, regardless of the number of shares of Common Stock with
		respect to which such selling stockholders have the right to request such
		inclusion) that can be sold without exceeding the Maximum Amount.
	 

	 
		[Signature pages follows]
	 

	 
		 
	 

	 
		 
	 

	 
	 

	 

	 
		IN WITNESS WHEREOF, the Company has caused this Amendment No. 2 to the
		Purchase Option to be signed by its duly authorized officer as of June __,
		2007.
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  COURTSIDE ACQUISITION CORP.
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				  
 
 /s/ Richard
				  Goldstein
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name: Richard Goldstein

				  Title: Chairman and Chief Executive Officer

				

			 

 

	 
		 
	 

	 
		Agreed and accepted:
	 

	 
		 
	 

	 
			
				
				  EARLYBIRDCAPITAL, INC.

				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  By: 
				

			 	
				
				  
 
 /s/ Steve Levine
				

			 	
				
				   
				

			 	 	
				
				

			 
	
				
				   
				

			 	
				
				  Name: Steve Levine

				  Title: Chief Executive OfficerAMENDMENT NO. 1 

	 TO

	 REGISTRATION RIGHTS AGREEMENT

	 This Amendment No.1 to the
		Registration Rights Agreement (this Amendment) is made and entered into as of
		June __, 2007, by and among Courtside Acquisition Corp., a Delaware corporation
		(Parent) and the undersigned parties listed under Investor on the signature
		page the Registration Rights Agreement (the Investors).

	 RECITALS

	 WHEREAS, the Parties entered into a Registration Rights
		Agreement dated as of June 30, 2005 (the Registration Rights
		Agreement);

	 WHEREAS, the Parties wish to clarify
		that certain rights granted to the Investors under the Registration Rights
		Agreement do not conflict with rights subsequently granted by Parent to certain
		of its stockholders (New Investors) in connection with a proposed acquisition
		by the Company of American Community Newspapers LLC;

	 WHEREAS, pursuant to Section 6.7 of
		the Registration Rights Agreement, no amendment of the Registration Rights
		Agreement will be effective unless in writing signed by Parent and the
		Investors; and

	 WHEREAS, the Parties wish to amend
		the Registration Rights Agreement as set forth herein.

	 NOW, THEREFORE, in consideration of the foregoing premises and the
		mutual representations, warranties and agreements set forth herein, and for
		other good and valuable consideration, the receipt and sufficiency of which are
		hereby acknowledged, the Parties, intending to be legally bound, agree as
		follows:

	 1. Section 1 of the Registration
		Rights Agreement is hereby amended as follows:

	 (i) The following definition shall
		be added:

	 New Registration Rights Agreement
		means that certain Registration Rights Agreement dated June __, 2007 by and
		among the Company and the investors identified therein.

	 (ii) The first sentence of the
		definition of Registrable Securities contained in Section 1 shall be amended
		and replaced with the following:

	 Registrable Securities mean all of
		the shares of Common stock owned or held by Investors under this Agreement and
		investors under the New Registration Rights Agreement.

	  

	  

	 

	 

	 2. The third sentence of Section
		2.1.1 of the Registration Rights Agreement is hereby amended and replaced with
		the following:

	 The Company will notify all holders
		of Registrable Securities of the demand (together with all holders of
		Registrable Securities under the New Registration Rights Agreement), and each
		holder of Registrable Securities who wishes to include all or a portion of such
		holders Registrable Securities in the Demand Registration (each such holder
		including shares of Registrable Securities in such registration, a Demanding
		Holder) shall so notify the Company within fifteen (15) days after the receipt
		by the holder of the notice from the Company.

	 3. Section 2.2.2(ii) of the
		Registration Rights Agreement is hereby amended by replacing it in its entirety
		with the following:

	 If the registration is a demand
		registration undertaken at the demand of persons other than the holders of
		Registrable Securities pursuant to written contractual arrangements with such
		persons, (A) first, the shares of Common Stock for the account of the demanding
		persons that can be sold without exceeding the Maximum Number of Shares; (B)
		second, to the extent that the Maximum Number of Shares has not been reached
		under the foregoing clause (A), the shares of Common Stock or other securities
		that the Company desires to sell that can be sold without exceeding the Maximum
		Number of Shares; and (C) third, to the extent that the Maximum Number of
		Shares has not been reached under the foregoing clauses (A) and (B), the shares
		of Common Stock (including the Registrable Securities) or other securities as
		to which registration has been requested pursuant to written contractual
		piggy-back registration rights of other security holders (pro rata between such
		security holders in accordance with the number of shares of Common Stock which
		each such security holder has actually requested to be included in such
		registration, regardless of the number of shares of Common Stock with respect
		to which such security holders have the right to request such inclusion) that
		can be sold without exceeding the Maximum Number of Shares.

	 [Signature page follows]

	  

	  

	 

	 

	 IN WITNESS WHEREOF,
		the parties have caused this Amendment
		No. 1 to the Registration Rights Agreement to be executed and delivered by
		their duly authorized representatives as of the date first written
		above.

	  

	 
			
				   
	
				   
	
				   
	
				  COURTSIDE ACQUISITION
					 CORP.
A Delaware
					 corporation

	
				  
	
				   
	
				      By: 
	
				  

/s/ Richard D.
					 Goldstein

	
				   
	
				   
	
				   
	
				  Richard D. Goldstein,
					 Chairman

	  

	 
			
				   
	
				   
	
				   
	
				  INITIAL
					 STOCKHOLDERS:

	
				  
	
				   
	
				   
	
				  

/s/ Richard D.
					 Goldstein

	
				   
	
				   
	
				   
	
				  Richard D. Goldstein

	  

	  

	 
			
				   
	
				   
	
				   
	
				  /s/ Bruce M.
					 Greenwald

	
				   
	
				   
	
				   
	
				  Bruce M. Greenwald

	  

	  

	 
			
				   
	
				   
	
				   
	
				  HMA 1999 TRUST

	
				  
	
				   
	
				      By: 
	
				  

/s/ Oded
					 Aboodi

	
				   
	
				   
	
				   
	
				  Name: Oded Aboodi
Title: Trustee

	  

	  

	 
			
				   
	
				   
	
				   
	
				  DKA 1999 TRUST

	
				  
	
				   
	
				      By: 
	
				  

/s/ Oded
					 Aboodi

	
				   
	
				   
	
				   
	
				  Name: Oded Aboodi
Title: Trustee

	  

	  

	 
			
				   
	
				   
	
				   
	
				  ASH 1999 TRUST

	
				  
	
				   
	
				      By: 
	
				  

/s/ Oded
					 Aboodi

	
				   
	
				   
	
				   
	
				  Name: Oded Aboodi
Title: Trustee

	  

	  

	 
			
				   
	
				   
	
				   
	
				  JAR PARTNERS L.P.

	
				  
	
				   
	
				      By: 
	
				  

/s/ Richard D.
					 Goldstein

	
				   
	
				   
	
				   
	
				  Name: Richard D.
					 Goldstein
Title:
					 Trustee

	  

	  

	 
			
				   
	
				   
	
				   
	
				  /s/ Gregg H. Mayer

	
				   
	
				   
	
				   
	
				  Gregg H. Mayer

	  

	  

	 

	 

	  

	 
			
				   
	
				   
	
				   
	
				  /s/ Dennis H.
					 Leibowitz

	
				   
	
				   
	
				   
	
				  Dennis H. Leibowitz

	  

	 
			
				  
	
				   
	
				   
	
				  

/s/ Carl D.
					 Harnick

	
				   
	
				   
	
				   
	
				  Carl D. Harnick

	  

	 
			
				  
	
				   
	
				   
	
				  

/s/ Peter R.
					 Haje

	
				   
	
				   
	
				   
	
				  Peter R. Haje

	  

	 
			
				   
	
				   
	
				   
	
				  BMG 2004 TRUST

	
				  
	
				   
	
				      By: 
	
				  

/s/ Richard D.
					 Goldstein

	
				   
	
				   
	
				   
	
				  Name: Richard D.
					 Goldstein
Title:
					 Trustee

	  

	 
			
				  
	
				   
	
				   
	
				  

/s/ Darren M.
					 Sardoff

	
				   
	
				   
	
				   
	
				  Darren M. Sardoff

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