Document:

2008
      EMPLOYEE STOCK PURCHASE PLAN

    OF

    YTB
      INTERNATIONAL, INC.

     

    The
      2008
      Employee Stock Purchase Plan of YTB International, Inc., provides Eligible
      Employees of YTB International, Inc. (the “Company”),
      and
      its Subsidiaries an opportunity to purchase shares of Class A Common Stock
      of
      the Company on the terms and conditions set forth below. The Plan is intended
      to
      qualify as an employee stock purchase plan under Section 423 of the Internal
      Revenue Code of 1986, as amended. The Plan must be approved by shareholders
      of
      the Company within twelve (12) months after the date on which the Plan is
      adopted. 

     

    SECTION
      1. Definitions.

     

    (a) “Board”
shall
      mean the Board of Directors of the Company.

     

    (b) “Code”
shall
      mean the Internal Revenue Code of 1986, as amended.

     

    (c) “Committee”
shall
      mean the Compensation Committee of the Board, or such other committee as may
      be
      designated by the Board.

     

    (d) “Company
      Stock”
shall
      mean the Company’s Class A Common Stock, par value $0.001 per
      share.

     

    (e) “Compensation”
shall
      mean a Participant’s base wages, overtime pay, commissions, cash bonuses,
      premium pay and shift differential, before giving effect to any compensation
      reductions made in connection with plans described in Sections 401(k), 125
      or
      132(f)(4) of the Code.

     

    (f) “Effective
      Date”
shall
      mean January 1, 2008.

     

    (g) “Eligible
      Employee”
means
      each employee of the Company or any domestic Subsidiary, and each employee
      of a
      foreign Subsidiary to which the Plan is extended by the Committee, except:
      (i)
      an employee whose customary employment is fewer than 20 hours or less per week;
      (ii) an employee whose customary employment is for fewer than five months in
      any
      calendar year, or (iii) any employee who begins employment after the Effective
      Date and who has not completed 6 months of service with the Company or any
      domestic Subsidiary.

     

    (h) “Fair
      Market Value”
shall
      mean on a given date, if the Company Stock is publicly traded, then the Fair
      Market Value per share shall be determined as follows: (x) if the principal
      trading market for the Company Stock is a national securities exchange or the
      Nasdaq National Market, the last reported sale price thereof on the latest
      preceding date upon which a sale was reported prior to the relevant date, or
      (y)
      if the Company Stock is not principally traded on such exchange or market,
      the
      mean between the last reported “bid” and “asked” prices of Company Stock on the
      latest preceding date for which such information was reported prior to the
      relevant date, as reported on Nasdaq or, if not so reported, as reported by
      the
      National Daily Quotation Bureau, Inc. or as reported in a customary financial
      reporting service, as applicable and as the Board determines. If the Company
      Stock is not publicly traded or, if publicly traded, is not subject to reported
      transactions or “bid” or “asked” quotations as set forth above, the Fair Market
      Value per share shall be as determined by the Board. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (i) “Grant
      Date”
shall
      mean each January 1 and July 1 (or the following business day if such date
      in
      not a business day). The first Grant Date for the Plan shall be the Effective
      Date.

     

    (j) “Option”
shall
      mean an option to purchase shares of Company Stock under the Plan, pursuant
      to
      the terms and conditions hereof. 

     

    (k) “Participant”
shall
      mean an Eligible Employee who is participating in the Plan pursuant to Section
      3.

     

    (l) “Purchase
      Date”
shall
      mean, except as provided in Section 14, each June 30 (or the following business
      day if such date is not a business day) and December 31 (or the last business
      day of the calendar year if such date is not a business day).

     

    (m) “Purchase
      Price”
shall
      mean the lesser of 85% of the Fair Market Value of Company Stock on such Grant
      Date and 85% of the Fair Market Value of a share of Company Stock on such
      Purchase Date unless the Committee determines before a Grant Date that a higher
      or lower price that complies with Code Section 423 shall apply. 

     

    (n) “Plan”
shall
      mean the 2008 Employee Stock Purchase Plan of YTB International, Inc., as
      amended from time to time. 

     

    (o) “Plan
      Account”
shall
      mean an account maintained by the Company or its designated recordkeeper for
      each Participant to which the Participant’s payroll deductions are credited,
      against which funds used to purchase shares of Company Stock are charged and
      to
      which shares of Company Stock purchased are credited.

     

    (p) “Subsidiary”
shall
      mean any corporation, other than the Company, in an unbroken chain of
      corporations beginning with the Company if, at the time of the granting of
      the
      Option, each of the corporations other than the last corporation in the unbroken
      chain owns stock possessing 50% or more of the total combined voting power
      of
      all classes of stock in one of the other corporations in such
      chain.

     

    SECTION
      2. Company
      Stock Subject to Plan. 

     

    The
      aggregate number of shares of Company Stock which may be sold under the Plan
      is
      two million (2,000,000). The Company may make open-market purchases to provide
      shares of Company Stock for purchase under the Plan or sell Treasury shares
      or
      issue authorized but unissued shares of Company Stock.

     

    SECTION
      3. Participation
      in the Plan. 

     

    (a) Election
      to Participate.
      An
      Eligible Employee may participate in the Plan by completing and filing with
      the
      Company or its designated recordkeeper an election form which authorizes payroll
      deductions from the employee’s Compensation, accompanied by an executed Copy of
      the Risk Disclosure Acknowledgment document attached hereto as Appendix
      A.
      Such
      deductions shall commence on the first Grant Date thereafter and shall continue
      until the Employee terminates participation in the Plan, becomes ineligible
      to
      participate in the Plan, or the Plan is terminated. An Eligible Employee may
      participate in the Plan only through payroll deductions. Other contributions
      will not be accepted.

     

    (b) Termination
      of Participation.
      

     

    (i) A
      Participant may, at any time and for any reason, voluntarily terminate
      participation in the Plan by written notification of withdrawal delivered to
      the
      appropriate payroll office. Such Participant’s payroll deductions under the Plan
      shall cease as soon as practicable following delivery of such notice.

    
      
        
        

      

      
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    (ii) A
      Participant’s participation in the Plan shall be terminated upon termination of
      such Participant’s employment with the Company and its Subsidiaries for any
      reason or when the Participant becomes ineligible to participate in the Plan.
      

     

    (iii) If
      a
      former Participant remains employed by the Company or any of its Subsidiaries
      after termination of participation in the Plan, any payroll deductions credited
      to such Participant’s Plan Account shall be used to purchase shares of Company
      Stock on the next Purchase Date. If a former Participant is no longer employed
      by the Company or any of its Subsidiaries after termination of participation
      in
      the Plan, any payroll deductions credited to such Participant’s Plan Account
      shall be paid to such Participant in cash as soon as practicable following
      termination of employment. An Eligible Employee whose participation in the
      Plan
      is terminated may rejoin the Plan by filing a new election form in accordance
      with subsection (a).

     

    (c) Limitations
      for Certain Eligible Employees.
      Notwithstanding the foregoing, an Eligible Employee shall not be granted an
      Option on any Grant Date if such employee, immediately after the Option is
      granted, owns stock possessing 5% or more of the total combined voting power
      or
      value of all classes of stock of the Company or any Subsidiary. For purposes
      of
      this paragraph, the rules of Section 424(d) of the Code shall apply in
      determining the stock ownership of an individual, and stock which an employee
      may purchase under outstanding options shall be treated as stock owned by the
      employee.

     

    SECTION
      4. Payroll
      Deductions. 

     

    (a) General.
      Payroll
      deductions shall be made from the Compensation paid to each Participant for
      each
      payroll period in such whole percentage from 1% to 10% as the Participant shall
      authorize in such Participant’s election form. The Participant’s payroll
      deduction limitation shall remain in effect for consecutive purchase periods
      unless the Participant chooses to revoke or revise the election or becomes
      ineligible to participate in the Plan. 

     

    (b) Changes
      in Payroll Deductions.
      Subject
      to the minimum and maximum deductions set forth above, a Participant may change
      the amount of such Participant’s payroll deductions as of the next Grant Date by
      filing a new election form with the Company or its designated recordkeeper
      no
      later than ten (10) business days in advance of the next Grant Date. The change
      shall be effective until revoked in writing and filed with the Company or its
      designated recordkeeper no later then ten (10) business days in advance of
      the
      next Grant Date.

     

    SECTION
      5. Purchase
      of Shares of Company Stock.

     

    (a) Option
      Grant.
      On each
      Grant Date, each Participant shall be deemed to have been granted an
      Option.

     

    (b) Limits
      on Purchase.
      No
      Eligible Employee may be granted an Option which permits such Eligible Employee
      to purchase Company Stock under the Plan, and any other stock purchase plan
      of
      the Company or any Subsidiary that is qualified under Section 423 of the Code,
      to accrue at a rate which exceeds $25,000 of Fair Market Value of such stock
      (determined at the time such Option is granted) for each calendar year in which
      the Option is outstanding at any time. Subject to other limitations as set
      forth
      in the Plan, the number of shares that may be purchased for a Participant on
      a
      Purchase Date shall not exceed 25,000 shares. 

    
      
        
        

      

      
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    (c) Purchase.
      On each
      Purchase Date, each Participant shall be deemed, without any further action,
      to
      have purchased the lesser of (i) the number of whole shares of Company Stock
      determined by dividing the Purchase Price into the balance in the Participant’s
      Plan Account on the Purchase Date or (ii) the Participant’s proportionate part
      of the maximum number of shares of Company Stock at the Purchase Price. Any
      amount remaining in the Participant’s Plan Account shall be carried forward to
      the next Purchase Date for the Participant’s benefit, without interest, and
      applied on the Participant’s behalf to purchase Company Stock on the next
      Purchase Date, if the Participant is then an Eligible Employee. 

     

    (d) Participant
      Statements.
      As soon
      as practicable after each Purchase Date, a statement shall be delivered to
      each
      Participant which shall include (i) the number of shares of Company Stock
      purchased on the Purchase Date on behalf of such Participant under the Plan,
      (ii) the purchase price per share, (iii) the total amount of cash transferred
      to
      the Participant’s Plan Account pursuant to payroll deductions and (iv) the
      amount of cash in the Participant’s Plan Account that will be carried
      forward.

     

    SECTION
      6. Share
      Ownership; Issuance of Certificates.

     

    (a) The
      shares of Company Stock purchased by a Participant shall be deemed issued or
      sold at the close of business on the Purchase Date. Prior to that time, the
      Participant shall have no rights or privileges as a shareholder related to
      such
      shares of Company Stock. 

     

    (b) The
      Committee, in its sole discretion, may determine that shares of Stock shall
      be
      delivered by (i) issuing and delivering certificates for the number of shares
      of
      Stock purchased to a firm which is a member of the National Association of
      Securities Dealers, as selected by the Committee from time to time, which shares
      shall be maintained by such firm in a separate brokerage account for each
      Participant, or (ii) issuing and delivering certificates for the number of
      shares of Stock purchased by Participants to a bank or trust company or
      affiliate thereof, as selected by the Committee from time to time, which shares
      may be held by such bank or trust company or affiliate in street name, but
      with
      a separate account maintained by such entity for each Participant reflecting
      such Participant's share interests in the Stock. Each account may be in the
      name
      of the Participant or, if he or she so designates on the Participant's Purchase
      Agreement, in the Participant's name jointly with the Participant's spouse,
      with
      right of survivorship, or in such other form as the Committee may permit.

     

    (c) No
      Company Stock shall be issued or transferred in connection with any purchase
      hereunder unless and until all legal requirements applicable to the issuance
      or
      transfer of such Company Stock have been complied with to the satisfaction
      of
      the Board. The Board shall have the right to condition any purchase made to
      a
      Participant hereunder on such Participant’s undertaking in writing to comply
      with such restrictions on his or her subsequent disposition of such shares
      of
      Company Stock as the Board shall deem necessary or advisable, and certificates
      representing such shares may be legended to reflect any such restrictions.
      Certificates representing shares of Company Stock issued or transferred under
      the Plan will be subject to such stop-transfer orders and other restrictions
      as
      may be required by applicable laws, regulations and interpretations, including
      any requirement that a legend be placed thereon.

     

    (d) If
      so
      requested by the Company or any representative of the underwriters (the
“Managing
      Underwriter”)
      in
      connection with any underwritten offering of securities of the Company under
      the
      Securities Act of 1933, as amended (the “Securities
      Act”),
      a
      Participant (including any successor or assigns) shall not sell or otherwise
      transfer any shares or other securities of the Company during the 30-day period
      preceding and the 180-day period following the effective date of a registration
      statement of the Company filed under the Securities Act for such underwriting
      (or such shorter period as may be requested by the Managing Underwriter and
      agreed to by the Company) (the “Market
      Standoff Period”).
      The
      Company may impose stop-transfer instructions with respect to securities subject
      to the foregoing restrictions until the end of such Market Standoff
      Period.

    
      
        
        

      

      
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    SECTION
      7. Distribution
      of Shares and Resale.

     

    (a) A
      Participant may request a distribution of shares of Company Stock purchased
      for
      the Participant under the Plan or order the sale of such shares after the 12
      month period following the Purchase Date of such shares of Company Stock by
      making a request in such form and at such time as the Committee shall
      prescribe.

     

    (b) If
      a
      Participant terminates his or her employment with the Employer or otherwise
      ceases to be an Eligible Employee, the Participant shall receive a distribution
      of his or her shares of Company Stock held in any shareholder account
      established pursuant to the Plan. Alternatively, the Participant may elect
      to
      have the shares of Company Stock sold, in accordance with such procedures as
      the
      Committee shall prescribe.

     

    (c) If
      a
      Participant is to receive a distribution of shares of Company Stock, or if
      shares are to be sold, the distribution or sale shall be made in whole shares
      of
      Stock, with fractional shares paid in cash. Any brokerage commissions resulting
      from a sale of Company Stock shall be deducted from amounts payable to the
      Participant.

     

    SECTION
      8. Rights
      Not Transferable. 

     

    Rights
      under the Plan are not transferable by a Participant other than by will or
      the
      laws of descent and distribution, and are exercisable during the Participant’s
      lifetime only by the Participant or by the Participant’s guardian or legal
      representative. No rights or payroll deductions of a Participant shall be
      subject to execution, attachment, levy, garnishment or similar
      process.

     

    SECTION
      9. Sale
      of Purchased Stock. 

     

    An
      Eligible Employee must promptly advise the Company of any disposition of any
      shares of Company Stock purchased by the Eligible Employee under the Plan if
      such disposition shall have occurred within two years after the Grant Date
      immediately preceding the Purchase Date on which the Eligible Employee purchased
      such shares.

     

    SECTION
      10. Application
      of Funds. 

     

    All
      funds
      of Participants received or held by the Company under the Plan before purchase
      of the shares of Company Stock shall be held by the Company without liability
      for interest or other increment. 

     

    SECTION
      11. Adjustments
      in Case of Changes Affecting Shares. 

     

    In
      the
      event of a subdivision or consolidation of outstanding shares of Company Stock,
      or the payment of a stock dividend, the number of shares approved for the Plan
      shall be increased or decreased proportionately, and such other adjustment
      shall
      be made as may be deemed equitable by the Plan Administrator. In the event
      of
      any other change affecting the Company Stock, such adjustment shall be made
      as
      shall be deemed equitable by the Plan Administrator to give proper effect to
      such event.

     

    SECTION
      12. Administration
      of the Plan. 

     

    The
      Plan
      shall be administered by the Committee. The Committee shall have authority
      to
      make rules and regulations for the administration of the Plan and its
      interpretations, and decisions with regard to the Plan and such rules and
      regulations shall be final and conclusive. It is intended that the Plan shall
      at
      all times meet the requirements of Code Section 423, if applicable, and the
      Committee shall, to the extent possible, interpret the provision of the Plan
      so
      as to carry out such intent.

    
      
        
        

      

      
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    SECTION
      13. Amendments
      to the Plan. 

     

    The
      Compensation Committee of the Board may amend the Plan at any time provided
      that
      no amendment shall be made without the approval of shareholders of the Company
      that would cause the Plan to fail to meet the applicable requirements of Code
      Section 423.

     

    SECTION
      14. Termination
      of Plan. 

     

    The
      Plan
      shall terminate upon the earlier of (i) ten years from the Effective Date,
      (ii)
      the termination of the Plan by the Board or (iii) the date no more shares remain
      to be purchased under the Plan. If the Board terminates the Plan, the date
      of
      termination shall be deemed a Purchase Date. If on such Purchase Date
      Participants in the aggregate have Options to purchase more shares of Company
      Stock than are available for purchase under the Plan, each Participant shall
      be
      eligible to purchase a reduced number of shares of Company Stock on a pro rata
      basis, and any excess payroll deductions shall be returned to Participants,
      as
      determined by the Committee. 

     

    SECTION
      15. Costs.
      

     

    All
      costs
      and expenses incurred in administering the Plan shall be paid by the Company.
      Any costs or expenses of selling shares of Company Stock acquired pursuant
      to
      the Plan shall be borne by the holder thereof. 

     

    SECTION
      16. Applicable
      Law. 

     

    The
      validity, construction, interpretation and effect of the Plan and Grant
      Instruments issued under the Plan shall be governed and construed by and
      determined in accordance with the laws of the State of Delaware, without giving
      effect to the conflict of laws provisions thereof. The Plan is not to be subject
      to the Employee Retirement Income Security Act of 1974, as amended, but is
      intended to comply with Code Section 423, if applicable. Any provisions required
      to be set forth in the Plan by such Code section are hereby included as fully
      as
      if set forth in the Plan in full. The Plan, the purchase of Company Stock,
      and
      the obligations of the Company to issue or transfer shares of Company Stock
      under the Plan shall be subject to all applicable laws and to approvals by
      any
      governmental or regulatory agency as may be required. With respect to persons
      subject to Section 16 of the Exchange Act, it is the intent of the Company
      that
      the Plan and all transactions under the Plan comply with all applicable
      provisions of Rule 16b-3 or its successors under the Exchange Act.

     

    SECTION
      17. Effect
      on Employment. 

     

    The
      provisions of the Plan and the participation of a Participant shall impose
      no
      obligation on the Company or any Subsidiary to continue the employment of a
      Participant and shall not lessen or affect the Company’s or Subsidiary's right
      to terminate the employment of such Participant. 

     

    SECTION
      18. Withholding.
      

     

    The
      Company reserves the right to withhold from stock or cash distributed to a
      Participant any amounts which it is required by law to
      withhold.

    
      
        
        

      

      
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    SECTION
      19. Sale
      of Company. 

     

    Subject
      to any required action by the shareholders, if the Company shall be the
      surviving corporation in any merger or consolidation, any offering hereunder
      shall continue to pertain to and apply to the shares of stock of the Company.
      However, in the event of a dissolution or liquidation of the Company, or a
      merger or consolidation in which the Company is not the surviving corporation,
      the Plan and any offering hereunder shall terminate upon the effective date
      of
      such dissolution, liquidation, merger or consolidation, unless the Board of
      Directors determines otherwise, and the balance of any amounts withheld from
      a
      Participant's Compensation which have not by such time been applied to the
      purchase of Stock shall be returned to the Participant.

    
      
        
        

      

      
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    APPENDIX
      A TO 2008 EMPLOYEE STOCK PURCHASE PLAN OF

    YTB
      INTERNATIONAL, INC.- 

    RISK
      DISCLOSURE ACKNOWLEDGEMENT

     

    An
      investment in Class A Common Stock of YTB International, Inc. (the “Company”)
      via
      participation in the 2008 Employee Stock Purchase Plan of YTB International,
      Inc. (the “Plan”)
      involves a high degree of risk. The undersigned hereby acknowledges that he
      or
      she has carefully considered the risks described below in determining whether
      the Class A Common Stock of the Company (the “Securities”)
      is a
      suitable investment. 

     

    Prior
      to
      investing in the Securities, you should consider your investment objectives,
      financial resources, risk tolerance and experience. As described below, trading
      in Pink Sheets or Over-the-Counter Bulletin Board (“OTC-BB”)
      securities differs significantly from trading in NASDAQ and other nationally
      listed securities, and you may experience greater market risk. You should be
      familiar with these risks before obtaining or trading the Securities. You should
      also take the time to carefully read available prospectuses and any other
      filings, including quarterly and annual financial reports, of the Company before
      participating in the Plan.

    

    
      	 	
              §

            	
              YTB
                Class A Common Stock is currently traded on the OTC-BB. OTC-BB
                securities, as well as Pink Sheets securities, represent low priced
                shares
                of new or small companies that do not qualify for trading on NASDAQ
                or on
                a national stock exchange. 

            

    

     

    
      	 	
              §

            	
              Trading
                in these Securities can be very risky, and may not be appropriate
                or
                suitable for you. 

            

    

     

    
      	 	
              §

            	
              When
                trading in these Securities, you may lose all or part of your invested
                capital. Any adverse report of the Company’s deteriorating financial
                condition, or news which would affect the Company’s financial condition,
                may lead to a dramatic decline in the price of the Securities.
                

            

    

     

    
      	 	
              §

            	
              Accurate
                quotation information, immediate executions, execution reporting,
                and the
                delivery of legal trade confirmations might not be readily available
                with
                respect to the Securities. 

            

    

     

    
      	 	
              §

            	
              Heavy
                market volatility may prevent or delay order processing.
                

            

    

     

    
      	 	
              §

            	
              These
                types of Securities are frequent targets of fraud or market manipulation,
                not only because of their generally low price, but also because the
                reporting requirements for these Securities are less stringent than
                for
                listed or NASDAQ traded securities, and no exchange requirements
                are
                imposed. 

            

    

     

    
      	 	
              §

            	
              Due
                to lower trading volumes in these Securities, there may be a lower
                likelihood of orders receiving execution, and current prices may
                differ
                significantly from the price quoted at the time of placing an order
                to
                execute a trade. 

            

    

    
      
        
        

      

      
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    The
      undersigned hereby certifies that he has read the above statement and
      understands the risks associated with acquiring (an potentially trading) the
      Company’s Securities via participation in the Plan.

     

    
      	 	
              By:

            	
                

            	 
	 	 	 	 
	 	
              Name:

            	
                

            	 
	 	 	 	 
	 	
              Date:

            	
                

            	 

    

     

    
      
        
        

      

      
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          9
          -Unassociated Document

    AMENDMENT
      NO. 1 TO SECURITIES PURCHASE AGREEMENT

    

    This
      Amendment No. 1 to Securities Purchase Agreement (this “Amendment”), dated
      effective as of May 22, 2008, is entered into by and among Spicy
      Pickle Franchising, Inc., a Colorado corporation (the
      “Company”), and the purchasers identified on the signature pages hereto
      (collectively, the “Purchasers”).

    

    WHEREAS,
      the Company and the Purchasers are parties to that certain Securities Purchase
      Agreement, dated as of December 14, 2007 (the “Agreement”), pursuant to which
      the Company sold and issued to the Purchasers an aggregate of 705 shares of
      the
      Company’s Series A Variable Rate Convertible Preferred Stock, par value $0.001
      per share, and warrants (the “Warrants”) to acquire up to an aggregate of
      5,287,500 shares of the Company’s common stock, par value $0.001 per share;
      and

    

    WHEREAS,
      the parties hereto wish to amend the Agreement and the Warrants as provided
      herein.

    

    NOW,
      THEREFORE, in consideration of the foregoing and other good and valuable
      consideration, the receipt and sufficiency of which is acknowledged hereby,
      the
      parties hereto agree as follows:

    

    1. The
      definition of “Exempt Issuance” in the Agreement shall be deleted in its
      entirety and replaced with the following:

    

    “‘Exempt
      Issuance’
means
      the issuance of (a) shares of Common Stock or options to employees, officers
      or
      directors of the Company pursuant to any stock or option plan duly adopted
      for
      such purpose by the Board of Directors or a committee of the Board of Directors
      established for such purpose, (b) securities upon the exercise or exchange
      of or
      conversion of any Securities issued hereunder and/or other securities
      exercisable or exchangeable for or convertible into shares of Common Stock
      issued and outstanding on the date of this Agreement, provided that such
      securities have not been amended since the date of this Agreement to increase
      the number of such securities or to decrease the exercise, exchange or
      conversion price of such securities, (c) securities issued pursuant to
      acquisitions or strategic transactions approved by a majority of the
      disinterested directors of the Company, provided that any such issuance shall
      only be to a Person which is, itself or through its subsidiaries, an operating
      company in a business synergistic with the business of the Company and in which
      the Company receives benefits in addition to the investment of funds, but shall
      not include a transaction in which the Company is issuing securities primarily
      for the purpose of raising capital or to an entity whose primary business is
      investing in securities, (d) up to 300,000 shares of Common Stock (subject
      to
      adjustment for reverse and forward stock splits, stock dividends, stock
      combinations and other similar transactions of the Common Stock that occur
      after
      the date of this Agreement) issuable to Richardson & Patel LLP in lieu of
      cash payments for services rendered to the Company, (e) up to 200,000 shares
      of
      Common Stock (subject to adjustment for reverse and forward stock splits, stock
      dividends, stock combinations and other similar transactions of the Common
      Stock
      that occur after the date of this Agreement) issuable to MarketByte LLC pursuant
      to the Consulting Agreement dated November 30, 2007 between MarketByte LLC
      and
      the Company as in effect on the date hereof, (f) up to 60,000 shares of Common
      Stock (subject to adjustment for reverse and forward stock splits, stock
      dividends, stock combinations and other similar transactions of the Common
      Stock
      that occur after the date of this Agreement) per calendar year issuable to
      Jones
& Cannon, PC, as consideration for services rendered to the Company, (g) up
      to 250,000 warrants to acquire Common Stock at an exercise price of $1.60 per
      share and up to 50,000 shares of Common Stock (in each case, subject to
      adjustment for reverse and forward stock splits, stock dividends, stock
      combinations and other similar transactions of the Common Stock that occur
      after
      the date of this Agreement) issuable to After Market Support, LLC as
      consideration for services rendered to the Company, and (h) up to 100,000 shares
      of Common Stock (subject to adjustment for reverse and forward stock splits,
      stock dividends, stock combinations and other similar transactions of the Common
      Stock that occur after the date of this Agreement) issuable to HIM Creative,
      LLC
      as consideration for services rendered to the Company.”

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    2. Where
      the
      term “Exempt Issuance” appears in the Warrants, it shall have the meaning
      ascribed to that term in Paragraph 1 above.

    

    3. Each
      Purchaser hereby confirms that such Purchaser has not transferred to any other
      person any of the Warrants acquired by such Purchaser pursuant to the
      Agreement.

    

    4. This
      Amendment shall not be effective unless and until all Purchasers shall have
      agreed to the terms and conditions hereof. Except as explicitly amended as
      set
      forth in this Amendment, all of the terms and provisions of the Agreement and
      the Warrants shall continue in full force and effect.

    

    5. The
      Company has elected to provide all Purchasers with the same terms of amendment
      for the convenience of the Company and not because it was required or requested
      to do so by the Purchasers. The obligations of each Purchaser under this
      Amendment and any Transaction Document are several and not joint with the
      obligations of any other Purchaser, and no Purchaser shall be responsible in
      any
      way for the performance or non-performance of the obligations of any other
      Purchaser under this Amendment or any Transaction Document. Nothing contained
      herein or in any Transaction Document, and no action taken by any Purchaser
      pursuant thereto, shall be deemed to constitute the Purchasers as a partnership,
      an association, a joint venture or any other kind of entity, or create a
      presumption that the Purchasers are in any way acting in concert or as a group
      with respect to such obligations or the transactions contemplated by this
      Amendment or the Transaction Documents. Each Purchaser shall be entitled to
      independently protect and enforce its rights, including without limitation,
      the
      rights arising out of this Amendment or out of the other Transaction Documents,
      and it shall not be necessary for any other Purchaser to be joined as an
      additional party in any proceeding for such purpose. Each Purchaser has been
      represented by its own separate legal counsel in its review and negotiation
      of
      this Amendment and the Transaction Documents.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    6. Within
      1
      Trading Day of the effective date hereof, the Company shall file a Current
      Report on Form 8-K disclosing the terms of this Amendment.

    

    7. No
      consideration has been offered or paid to any person to amend or consent to
      a
      waiver, modification, forbearance or otherwise of any provision of any of the
      Transaction Documents.

    

    8. This
      Amendment may be executed in two or more counterparts, all of which when taken
      together shall be considered one and the same agreement and shall become
      effective when counterparts have been signed by each party and delivered to
      the
      other parties, it being understood that all parties need not sign the same
      counterpart. In the event that any signature is delivered by facsimile
      transmission or by e-mail delivery of a “.pdf” format data file, such signature
      shall create a valid and binding obligation of the party executing (or on whose
      behalf such signature is executed) with the same force and effect as if such
      facsimile or “.pdf” signature page were an original thereof.

    

    [SIGNATURE
      PAGES FOLLOW]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to
      Securities Purchase Agreement to be duly executed by their respective authorized
      signatories as of the date first indicated above.

     

    
      	SPICY
              PICKLE FRANCHISING, INC.	 
	 	 	 
	
              By:

            	/s/
              Marc Geman 	 
	 	Name:
              Marc Geman
              Title:
                Chief Executive Officer

            	 

    

    

    

    

    [REMAINDER
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    SIGNATURE
      PAGES FOR PURCHASERS FOLLOW]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    [PURCHASER
      SIGNATURE PAGES TO

    AMENDMENT
      NO. 1 TO SECURITIES PURCHASE AGREEMENT]

    

    IN
      WITNESS WHEREOF, the undersigned have caused this Amendment No. 1 to Securities
      Purchase Agreement to be duly executed by their respective authorized
      signatories as of the date first indicated above.

     

    
      
        	Name
                of
                Purchaser:	
                Enable
                  Capital Management LLC (for EGP, EDP &
                  Pierce)

              

      

    

     

    
      
        
          	Signature
                  of Authorized Signatory of Purchaser: 	
                  /s/
                    Adam Epstein

                

        

      

       

    

    
      
        	Name
                of Authorized Signatory:	
                Adam
                  Epstein

              

      

    

     

    
      
        
          
            
              	Title
                      of Authorized Signatory:	
                      
                        Co-Founder
                          & Principal

                      

                    

            

          

          

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

        

      

    

    [PURCHASER
      SIGNATURE PAGES TO

    AMENDMENT
      NO. 1 TO SECURITIES PURCHASE AGREEMENT]

    

    IN
      WITNESS WHEREOF, the undersigned have caused this Amendment No. 1 to Securities
      Purchase Agreement to be duly executed by their respective authorized
      signatories as of the date first indicated above.

     

     

    
      	Nameof
              Purchaser:	
              Presley
                Reed, Patricia Stacey
                Reed

            

    

     

    
      
        	Signature
                of Authorized Signatory of Purchaser:	
                /s/
                  Presley Reed /s/ Patricia Stacey
                  Reed

              

      

    

    
      
         

        
          
            	Name
                    of
                    Authorized Signatory: 	 
                    

          

           

          
            
              	Title
                      of
                      Authorized Signatory:	 
                      

            

             

             

          

        

      

    

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    [PURCHASER
      SIGNATURE PAGES TO

    AMENDMENT
      NO. 1 TO SECURITIES PURCHASE AGREEMENT]

    

    IN
      WITNESS WHEREOF, the undersigned have caused this Amendment No. 1 to Securities
      Purchase Agreement to be duly executed by their respective authorized
      signatories as of the date first indicated above.

    
       

       

      
        	Nameof
                Purchaser:	
                Steven
&
Judith
                  Combs

              

      

       

      
        
          	Signature
                  of Authorized Signatory of Purchaser: 	
                  /s/
                    Steven Combs /s/ Judith
                    Combs

                

        

      

      
        
           

          
            
              	Name
                      of Authorized Signatory:	 
                      

            

             

            
              
                	Title
                        of Authorized Signatory:	  
                        

              

            

             

             

          

        

      

    

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    [PURCHASER
      SIGNATURE PAGES TO

    AMENDMENT
      NO. 1 TO SECURITIES PURCHASE AGREEMENT]

    

    IN
      WITNESS WHEREOF, the undersigned have caused this Amendment No. 1 to Securities
      Purchase Agreement to be duly executed by their respective authorized
      signatories as of the date first indicated above.

     

    
      
        	Nameof
                Purchaser:	
                MarketByte
                  Defined Benefit Plan &
                  Trust

              

      

       

      
        
          	Signature
                  of Authorized Signatory of Purchaser: 	
                  /s/
                    Lawrence D. Isen

                

        

      

      
        
           

          
            
              	Name
                      of Authorized Signatory:	
                      Lawrence
                        D. Isen

                    

            

             

            
              
                	Title
                        of Authorized Signatory: 	
                        Trustee

                      

              

               

                

            

          

        

      

    

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    [PURCHASER
      SIGNATURE PAGES TO

    AMENDMENT
      NO. 1 TO SECURITIES PURCHASE AGREEMENT]

    

    IN
      WITNESS WHEREOF, the undersigned have caused this Amendment No. 1 to Securities
      Purchase Agreement to be duly executed by their respective authorized
      signatories as of the date first indicated above.

     

    
      
        	Nameof
                Purchaser:	
                Marilyn
                  D. Herter Trust

              

      

       

      
        
          	Signature
                  of Authorized Signatory of Purchaser: 	
                  /s/
                    Marilyn D. Veigel 

                

        

      

      
        
           

          
            
              	Name
                      of Authorized Signatory:	
                      Marilyn
                        D. Veigel

                    

            

             

            
              
                	Title
                        of Authorized Signatory:	
                        Trustee

                      

              

            

          

        

      

    

          

    

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    [PURCHASER
      SIGNATURE PAGES TO

    AMENDMENT
      NO. 1 TO SECURITIES PURCHASE AGREEMENT]

    

    IN
      WITNESS WHEREOF, the undersigned have caused this Amendment No. 1 to Securities
      Purchase Agreement to be duly executed by their respective authorized
      signatories as of the date first indicated above.

     

    
      
        	Nameof
                Purchaser:	
                Desert
                  Lake Advisors Inc. Defined Benefit
                  Plan

              

      

       

      
        
          	Signature
                  of Authorized Signatory of Purchaser: 	
                  /s/
                    Thomas P. Dobron

                

        

      

      
        
           

          
            
              	Name
                      of Authorized Signatory:	
                      Thomas
                        P. Dobron

                    

            

             

            
              
                	Title
                        of Authorized Signatory:	
                        Trustee

                      

              

            

          

        

      

    

         

    

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    [PURCHASER
      SIGNATURE PAGES TO

    AMENDMENT
      NO. 1 TO SECURITIES PURCHASE AGREEMENT]

    

    IN
      WITNESS WHEREOF, the undersigned have caused this Amendment No. 1 to Securities
      Purchase Agreement to be duly executed by their respective authorized
      signatories as of the date first indicated above.

     

    
      
        	Nameof
                Purchaser:	
                David
                  A. Piper

              

      

       

      
        
          	Signature
                  of Authorized Signatory of Purchaser: 	
                  /s/
                    David A. Piper

                

        

      

      
        
           

          
            
              	Name
                      of Authorized Signatory:	 
                      

            

             

            
              
                	Title
                        of Authorized Signatory: 	 
                        

              

            

          

        

      

    

        

    

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    [PURCHASER
      SIGNATURE PAGES TO

    AMENDMENT
      NO. 1 TO SECURITIES PURCHASE AGREEMENT]

    

    IN
      WITNESS WHEREOF, the undersigned have caused this Amendment No. 1 to Securities
      Purchase Agreement to be duly executed by their respective authorized
      signatories as of the date first indicated above.

     

    
      
        	Nameof
                Purchaser:	
                Deborah
                  Cooke-Smith

              

      

       

      
        
          	Signature
                  of Authorized Signatory of Purchaser: 	
                  /s/
                    Deborah
                    Cooke-Smith

                

        

      

      
        
           

          
            
              	Name
                      of
                      Authorized Signatory:	 
                      

            

             

            
              
                	Title
                        of
                        Authorized Signatory: 	 
                        

              

            

          

        

      

    

     

     

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    [PURCHASER
      SIGNATURE PAGES TO

    AMENDMENT
      NO. 1 TO SECURITIES PURCHASE AGREEMENT]

    

    IN
      WITNESS WHEREOF, the undersigned have caused this Amendment No. 1 to Securities
      Purchase Agreement to be duly executed by their respective authorized
      signatories as of the date first indicated above.

     

    
      
        	Nameof
                Purchaser:	
                Raymond
                  J. BonAnno & Joan E. BonAnno,
                  JTWROS

              

      

       

      
        
          	Signature
                  of Authorized Signatory of Purchaser: 	
                  /s/
                    Raymond J. BonAnno /s/ Joan E.
                    BonAnno

                

        

      

      
        
           

          
            
              	Name
                      of Authorized Signatory:	 
                      

            

             

            
              
                	Title
                        of Authorized Signatory: 	 
                        

              

            

          

        

      

    

     

     

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    [PURCHASER
      SIGNATURE PAGES TO

    AMENDMENT
      NO. 1 TO SECURITIES PURCHASE AGREEMENT]

    

    IN
      WITNESS WHEREOF, the undersigned have caused this Amendment No. 1 to Securities
      Purchase Agreement to be duly executed by their respective authorized
      signatories as of the date first indicated above.

     

     

      
        	Nameof
                Purchaser:	
                Keith
                  and Angela Oxenreider,
                  J.T.I.C.

              

      

       

      
        
          	Signature
                  of Authorized Signatory of Purchaser: 	
                  /s/
                    Keith Oxenreider /s/ Angela
                    Oxenreider

                

        

      

      
        
           

          
            
              	Name
                      of Authorized Signatory:	 
                      

            

             

            
              
                	Title
                        of Authorized Signatory: 	 
                        

              

            

          

        

      

    

    
 

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    [PURCHASER
      SIGNATURE PAGES TO

    AMENDMENT
      NO. 1 TO SECURITIES PURCHASE AGREEMENT]

    

    IN
      WITNESS WHEREOF, the undersigned have caused this Amendment No. 1 to Securities
      Purchase Agreement to be duly executed by their respective authorized
      signatories as of the date first indicated above.

     

    
      
        	Nameof
                Purchaser:	
                R.
                  James BonAnno Jr.

              

      

       

      
        
          	Signature
                  of Authorized Signatory of Purchaser: 	
                  /s/
                    R. James BonAnno
                    Jr.

                

        

      

      
        
           

          
            
              	Name
                      of Authorized Signatory:	 
                      

            

             

            
              
                	Title
                        of Authorized Signatory: 	 
                        

              

            

          

        

      

    

         

    

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    [PURCHASER
      SIGNATURE PAGES TO

    AMENDMENT
      NO. 1 TO SECURITIES PURCHASE AGREEMENT]

    

    IN
      WITNESS WHEREOF, the undersigned have caused this Amendment No. 1 to Securities
      Purchase Agreement to be duly executed by their respective authorized
      signatories as of the date first indicated above.

     

    
      
        	Nameof
                Purchaser:	
                Mark
                  Abdou

              

      

       

      
        
          	Signature
                  of Authorized Signatory of Purchaser: 	
                  /s/
                    Mark Abdou

                

        

      

      
        
           

          
            
              	Name
                      of Authorized Signatory:	 
                      

            

             

            
              
                	Title
                        of Authorized Signatory: 	 
                        

              

            

          

        

      

    

        

    

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    [PURCHASER
      SIGNATURE PAGES TO

    AMENDMENT
      NO. 1 TO SECURITIES PURCHASE AGREEMENT]

    

    IN
      WITNESS WHEREOF, the undersigned have caused this Amendment No. 1 to Securities
      Purchase Agreement to be duly executed by their respective authorized
      signatories as of the date first indicated above.

     

    
      
        	Nameof
                Purchaser:	
                Bristol
                  Investment Fund,
                  Ltd.

              

      

       

      
        
          	Signature
                  of Authorized Signatory of Purchaser: 	
                  /s/
                    Paul Kessler

                

        

      

      
        
           

          
            
              	Name
                      of Authorized Signatory:	 
Paul
                      Kessler

            

             

            
              
                	Title
                        of Authorized Signatory: 	 
Director

              

            

          

        

      

    

     

    

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