Document:

EXHIBIT
      10.6

    

    AMENDMENT
      NO. 1 TO

    DEBUT
      BROADCASTING CORPORATION, INC.

    2007
      STOCK INCENTIVE PLAN

    

    WHEREAS,
      the Board of Directors of Debut Broadcasting Corporation, Inc., a Nevada
      corporation (the “Company”), has previously adopted the Debut Broadcasting
      Corporation, Inc., 2007 Stock Incentive Plan (the “Plan”), pursuant to which the
      Company may award incentive stock options, non-qualified stock options,
      restricted stock and stock bonus awards; and

     

     

    WHEREAS,
      the Board of Directors has determined that it is in the best interest of the
      Company to amend the Plan, on or before the date hereof, ratified and approved
      such an amendment to the Plan.

     

     

    NOW,
      THEREFORE,
      the Plan is hereby amended, effective as of January 1, 2008, by deleting Section
      1.10 in its entirety and substituting the following therefor:

     

    1.10 Fair
      Market Value.
      On any
      given date, Fair Market Value shall be the applicable description
      below:

     

    
      	 	
              (a)

            	
              If
                the Stock is listed on a national securities exchange (e.g.,
                the New York Stock Exchange or the NASDAQ Global Market), Fair Market
                Value shall be determined by reference to the closing price of the
                Stock
                on such exchange with respect to the date for which Fair Market Value
                is
                being determined.

            

    

     

    
      	 	
              (b)

            	
              If
                the Stock is not then listed on a national securities exchange, but
                is
                quoted on an automated quotation system such as the OTC Bulletin
                Board or
                the Pink Sheets, Fair Market Value shall be determined by reference
                to the
                closing price of the Stock as quoted by such automated quotation
                system on
                the last trading day immediately preceding such
                date.

            

    

    

     

    
      	 	
              (c)

            	
              If
                the Stock is not listed on a national securities exchange or quoted
                on an
                automated quotation system, Fair Market Value shall be the value
                determined in good faith by the Committee in accordance with section
                409A
                of the Code.

            

    

     

    

     

    Remainder
      of page intentionally left blank.

     

    
      
        
        

      

      
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    IN
      WITNESS WHEREOF,
      this Amendment is hereby signed this 29th day of February, 2008.

     

    

     

    DEBUT
      BROADCASTING CORPORATION, INC.

    

    

    By:
      /s/
      Robert J. Marquitz

    

    Name:
      Robert
      J. Marquitz

    

    Title:
      Chairman/President

    

    

    
      
         

      

      
        2EXHIBIT
      10.7

    

    DEBUT
      BROADCASTING CORPORATION, INC.

    NONQUALIFIED
      STOCK OPTION AGREEMENT

    

    THIS
      AGREEMENT (this
      “Agreement”) is made and entered into on this ____ day of _________________,
      2008 by and between Debut
      Broadcasting Company, Inc. (the
      “Company”) and
      [Name] (the “Participant”)
      in connection with the grant of an option under the Debut Broadcasting
      Corporation, Inc. 2007 Stock Incentive Plan (the “Plan”) on [Date
      of Grant].
      

    

    The
      Company has established the Plan by action of its board of directors.
      Capitalized terms used but not otherwise defined herein have the meanings set
      forth in the Plan. The Participant is an employee of the Company or an Affiliate
      or is an independent contractor providing consulting or other services to the
      Company or an Affiliate. In consideration of the foregoing, the parties have
      entered into this Agreement to govern the terms of the Option granted by the
      Company pursuant to the authority specified under the Plan:

    

    1.  Grant
      of Option.
      Subject
      to the terms and conditions set forth herein, the Company grants to the
      Participant an Option to purchase from the Company an aggregate of [Number
      of Shares]
      shares
      of Stock at a price of $[Price]
      per
      share (the “Exercise Price”), subject to adjustment as provided in Article VIII
      of the Plan. 

     

    2.  Right
      to Exercise.
      This
      Option will expire on [Expiration
      Date]
      unless
      it expires sooner pursuant to Paragraph 7 and is exercisable with respect to
      the
      number of shares of Stock determined as follows:

     

    
      	
              On
                and After

            	
              Number
                of Shares Exercisable

            
	
              [Vesting
                Date]

            	
              [Number
                of Shares]
                Shares

            
	
              [Vesting
                Date]

            	
              Additional
                [Number
                of Shares]
                Shares

            
	
              [Vesting
                Date]

            	
              Additional
                [Number
                of Shares]
                Shares

            
	
              [Vesting
                Date]

            	
              Additional
                [Number
                of Shares]
                Shares

            
	
              [Vesting
                Date]

            	
              Additional
                [Number
                of Shares]
                Shares

            

    

    

     

    3.  Method
      of Exercise.
      The
      exercise of this Option or any portion thereof is subject to the Participant’s
      prior or concurrent payment of the Exercise Price to the Company, and the
      Participant having made payment of or arrangements for satisfaction of any
      related tax withholdings in a manner and on terms that are satisfactory and
      acceptable to the Company. The Participant may exercise this Option, in whole
      or
      in part, from time to time, with respect to the number of whole shares of Stock
      that can be purchased at such time in accordance with Paragraph 2, by actual
      delivery of written notice to the Company at the address provided in Paragraph
      10, which notice shall:

     

    (a)  specify
      the number of whole shares of Stock to be purchased and the Exercise
      Price;

     

    (b)  contain
      evidence satisfactory to the Committee that the person exercising this Option
      is
      the Participant or has the right to exercise this Option; and

     

    (c)  be
      accompanied by payment of the Exercise Price in accordance with the
      Plan.

     

    As
      a
      condition precedent to the exercise of this Option in whole or in part, the
      Participant shall comply with all regulations and the requirements of any
      regulatory authority having control of, or supervision over, the issuance of
      the
      shares of Stock and in connection therewith shall execute any documents which
      the Committee shall in its sole discretion deem necessary or
      advisable.

    

    
      
         

      

      
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    4.  Transfer
      and Exercise of Option.
      Except
      for transfers pursuant to a will or the laws of descent and distribution, this
      Option is not transferable and the Participant may not make any disposition
      of
      this Option or any interest herein during his or her lifetime. As used herein,
      “disposition” means any sale, transfer, encumbrance, gift, donation, assignment,
      pledge, hypothecation, or other disposition, whether similar or dissimilar
      to
      those previously enumerated, whether voluntary or involuntary, and whether
      during the Participant’s lifetime or upon or after the Participant’s death,
      including, but not limited to, any disposition by operation of law, by court
      order, by judicial process, or by foreclosure, levy, or attachment, except
      a
      transfer by will or by the laws of descent or distribution. Any attempted
      disposition in violation of this Paragraph is void.

     

    5.  Status
      of Participant.
      The
      Participant shall not be deemed a stockholder of the Company with respect to
      any
      of the shares of Stock subject to this Option, except to the extent that such
      shares shall have been purchased and transferred to him or her. The Company
      is
      not required to issue shares of Stock purchased upon exercise of this Option
      until all applicable requirements of law have been complied with and such shares
      shall have been duly listed on any securities exchange on which the Stock may
      then be listed.

     

    6.  No
      Effect on Capital Structure.
      This
      Option shall not affect the right of the Company or any Affiliate to reclassify,
      recapitalize or otherwise change its capital or debt structure or to merge,
      consolidate, convey any or all of its assets, dissolve, liquidate, windup,
      or
      otherwise reorganize.

     

    7.  Expiration
      of Option.
      In
      general, the right to purchase Stock under this Option shall expire on the
      date
      specified in Paragraph 2. However, this Option shall expire sooner in the
      circumstances described in this Paragraph. 

     

    (a)  Death
      or Disability.
      If the
      Participant, as an employee, non-employee member of the Board, consultant or
      independent advisor, ceases to provide services to the Company or one of its
      Affiliates by reason of death or disability (as defined in section 22(e)(3)
      of
      the Code), the Participant or his or her estate shall have the right (i) for
      twelve (12) months after the date of such termination of the provision of
      services by reason of death or ninety (90) days after the date of such
      termination of employment or the provision of services by reason of disability
      or (ii) until the expiration of the stated term of the Option, whichever period
      is shorter, to exercise this Option with respect to all shares available for
      purchase hereunder. 

     

    (b)  Other
      Termination.
      If the
      Participant, as an employee, non-employee member of the Board, consultant or
      independent advisor, ceases to provide services to the Company or one of its
      Affiliates for reasons other than death or disability this Option shall
      terminate upon such termination of the provision of services, except that,
      this
      Option may be exercised by the Participant, to the extent otherwise exercisable
      on the date of termination of employment, for a period of ninety (90) days
      from
      the date of termination of employment or the provision of services, or until
      the
      expiration of the stated term of the Option, whichever period is
      shorter.

     

    8.  Committee
      Authority.
      Any
      question concerning the interpretation of this Agreement, any adjustments
      required or permitted to be made under the Plan, and any controversy which
      may
      arise under the Plan or this Agreement shall be determined by the Committee
      in
      its sole discretion. Such decision by the Committee shall be final and
      binding.

     

    9.  Plan
      Controls.
      The
      terms of this Agreement are governed by the terms of the Plan, as it exists
      on
      the date of this Agreement and as the Plan is amended from time to time. A
      copy
      of the Plan, and all amendments thereto, are attached hereto as Exhibit A and
      made a part hereof as if fully set forth herein. Any amendment to the Plan
      shall
      be deemed to be an amendment to this Agreement to the extent that the amendment
      is applicable hereto; provided,
      however,
      that no
      amendment shall adversely affect the rights of the Participant under this
      Agreement without the Participant’s written consent. In the event of any
      conflict between the provisions of the Agreement and the provisions of the
      Plan,
      the terms of the Plan shall control, except as expressly stated otherwise.
      The
      terms “Article” or “Section” generally refer to provisions within the Plan;
provided,
      however,
      the
      terms “Paragraph” shall refer to a provision of this Agreement.

     

    
      
         

      

      
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    10.  Notice.
      Whenever any notice is required or permitted hereunder, such notice must be
      in
      writing and personally delivered, sent by mail or facsimile. Any notice required
      or permitted to be delivered hereunder shall be deemed to be delivered on the
      date which it is received, personally delivered, or, whether actually received
      or not, on the third business day after it is deposited in the United States
      mail, certified or registered, postage prepaid, addressed to the person who is
      to receive it at the address which such person has theretofore specified by
      written notice delivered in accordance herewith. The Company or Participant
      may
      change, by written notice to the other, the address previously specified for
      receiving notices. Notices delivered to the Company shall be addressed as
      follows:

     

    Debut
      Broadcasting Corporation, Inc.

    Attention:
      Controller

    1209
      16th
      Avenue
      South

    Phone:
      (615) 301-0001  

    Fax:
      (615) 301-0002 

     

    Notices
      to the Participant shall be hand delivered to the Participant on the premises
      of
      the Company or its Affiliates or mailed to the last address shown on the records
      of the Company.

    

    11.  Information
      Confidential.
      As
      partial consideration for granting of this Option, the Participant agrees that
      he or she will keep confidential all information and knowledge that the
      Participant has relating to the manner and amount of his or her participation
      in
      the Plan; provided,
      however,
      that
      such information may be disclosed as required by law and may be given in
      confidence to the Participant’s spouse, tax and financial advisors, or to a
      financial institution to the extent that such information is necessary to secure
      a loan. 

     

    12.  Governing
      Law.
      Except
      as is otherwise provided in the Plan, where applicable, the provisions of this
      Agreement shall be governed by the internal laws of the State of
      Nevada.

     

    13.  Headings.
      The
      headings herein have been inserted for convenience only and shall not be deemed
      to limit or otherwise affect any of the provisions of this
      Agreement.

     

    14.  Counterparts;
      Effectiveness.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed an original and all of which shall constitute one and the same Agreement.
      The exchange of copies of this Agreement and executed signature pages hereto
      by
      facsimile transmission shall constitute effective execution and delivery of
      this
      Agreement and may be used in lieu of the original Agreement for all purposes.
      

     

    15.  Amendment.
      The
      Company, acting through the Committee or through the Board, may amend this
      Agreement at any time for any purpose determined by the Company in its sole
      discretion that is consistent with the Plan, including but not limited to an
      amendment to accelerate the vesting schedule set forth in Paragraph 2 due to
      normal retirement or other special circumstances, or to permit transfers of
      Options to certain individuals specified by the Participant. All amendments
      must
      be in writing. Except as otherwise provided in the Plan, the Company may not
      amend this Agreement, however, without the Participant’s express agreement to
      any amendment that could adversely effect the material rights of the
      Participant.

     

    16.  Entire
      Agreement.
      This
      Agreement, together with the Plan, contain the complete agreement between the
      parties concerning the subject matter hereof and shall supersede all other
      agreements or arrangements between the parties with regard to the subject matter
      hereof.

     

    17.  Interpretation.
      The
      language in all parts of this Agreement shall be construed, in all cases,
      according to its plain meaning, except where the context of this Agreement
      expressly indicates otherwise, and the parties acknowledge that each party
      has
      carefully reviewed this Agreement and that the normal rule of construction
      to
      the effect that any ambiguities are to be resolved against the drafting party
      shall not be employed in the interpretation of this Agreement.

     

    
      
         

      

      
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    18.  Severability.
      If one
      or more of the provisions of this Agreement is invalidated for any reason by
      a
      court of competent jurisdiction, any provision so invalidated shall be deemed
      to
      be separable from the other provisions hereof, and the remaining provisions
      hereof shall continue to be valid and fully enforceable.

     

     

    19. Waiver
      of Jury Trial.
      PARTICIPANT HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHTS HE OR SHE MAY HAVE
      TO
      DEMAND THAT ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR IN ANY
      WAY
      RELATED TO THE PLAN OR THIS AGREEMENT OR THE RELATIONSHIPS OF THE PARTIES HERETO
      BE TRIED BY JURY. THIS WAIVER EXTENDS TO ANY AND ALL RIGHTS TO DEMAND A TRIAL
      BY
      JURY ARISING FROM ANY SOURCE INCLUDING, BUT NOT LIMITED TO, THE CONSTITUTION
      OF
      THE UNITED STATES OR ANY STATE THEREIN, COMMON LAW OR ANY APPLICABLE STATUTE
      OR
      REGULATIONS. BY AGREEING TO RECEIVE AN AWARD, THE PARTICIPANT ACKNOWLEDGES
      THAT
      HE OR SHE IS KNOWINGLY AND VOLUNTARILY WAIVING HIS OR HER RIGHT TO DEMAND TRIAL
      BY JURY.

     

    
      
        
        

      

      
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    EXECUTION
      PAGE

     

    IN
      WITNESS WHEREOF, the
      Company has caused this Agreement to be executed and the Participant has set
      his
      hand hereto on the day and year first above written.

    

    DEBUT
      BROADCASTING 

    CORPORATION,
      INC.

     

    By: 
      _________________________________

     

    Its: 
      _________________________________

     

    

    _____________________________________

    [Name]

    

    

    
      
         

      

      
        5

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