Document:

Unassociated Document

    EXHIBIT
10.8

     

    AMENDMENT
TO

    7% SENIOR
SECURED CONVERTIBLE DEBENTURE

    SERIES
06-01C DUE MARCH 10, 2008

    

    Holder:   Double
U Master Fund LP

    

    This
Amendment (“Amendment”) to 7% Senior Secured Convertible Debenture Series 06-01C
due March 10, 2008 (the “Debenture”), is entered into between Rim Semiconductor
Company, a Utah corporation (the “Company”) and the Holder named
above.  Terms not otherwise defined or amended herein shall have the
meanings ascribed to them in the Debenture.

     

    The
Parties agree to amend certain terms of the Debenture, as follows, effective as
of March 17, 2008.

    

    
      	
            	
              1.  
        

            	
              Maturity
      Date.  Holder and the Company agree that the “Maturity
      Date” of the Debenture shall be September 17,
  2008.

            

    

    

    
      	
            	
              2.  
        

            	
              June 30, 2008 Interest
      Payment.  Notwithstanding anything otherwise set forth in
      the Debenture, the Company agrees to pay Holder all interest accrued on
      the Debenture as of June 30, 2008 in cash on the date set forth in the
      next sentence, and waives the Company’s right to make such interest
      payment in the Company’s common stock.  In consideration of
      Company’s waiver of its right to make such interest payment in common
      stock, Holder agrees to defer the Interest Payment Date with respect to
      the June 30, 2008 accrued interest until the Maturity
      Date.  Company agrees to pay interest on such deferred interest
      amount, in cash at a rate of 7% per annum, on the Maturity
      Date.

            

    

    

    
      	
            	
              3.  
        

            	
              Twenty Percent Premium
      on Principal Amount; Consideration.  As of the date of
      this Amendment, the remaining principal amount of Holder’s Debenture is
      $150,000.  In consideration of Holder’s execution of this
      Amendment and extension of the Maturity Date to September 17, 2008, the
      Company agrees that the remaining principal amount of the Debenture shall
      be deemed to be $180,000; provided, however, that $30,000 of the principal
      amount and any interest that shall accrue thereon after the date hereof
      (including interest on the deferred interest amount described in paragraph
      2 above) shall not be convertible at any time into shares of the Company’s
      common stock and must be paid in cash, by the Company, on the Maturity
      Date.

            

    

    

    
      	
            	
              4.  
        

            	
              No
      Default. Holder hereby agrees that as of the date hereof, no
      “Event of Default” has occurred under the
  Debenture.

            

    

    

    
      	
            	
              5.  
        

            	
              Execution
      Date.  This Amendment and the terms contained herein
      shall be considered null and void if a copy of this Amendment executed by
      Holder is not received by the Company by mail, fax or email by 5pm,
      Pacific time, on March 17, 2008.  Contact information is set
      forth on the signature page hereto.

            

    

     

    This Amendment, the Debenture, and all
other written agreements between the Company and Holder set forth in full all of
the representations and agreements of the parties with respect to the subject
matter hereof and supersede all prior discussions, representations, agreements
and understandings between the parties with respect to the subject
hereof.  Except as expressly amended herein and as such amendment may
require additional amendment to specific terms and conditions, with such
amendment being deemed made hereby, all of the terms and provisions of the
Debenture, and all other documents and agreements between the Company and Holder
shall continue in full force and effect and the same are hereby ratified and
confirmed.  In connection with this Amendment and the transactions
contemplated hereby, each of the parties agrees to execute and deliver any
additional documents and instruments and perform any additional acts that may be
necessary or appropriate to effectuate and perform its respective obligations
under this Agreement and the transactions contemplated
hereby.
 

    [Signature
Page Follows]

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    IN
WITNESS WHEREOF, the parties hereto have executed this Amendment as of March 17,
2008.

    

    

     

    
      	 	

              HOLDER:

              DOUBLE
      U MASTER FUND LP

               

              By:
      /s/ illegible

              Name: ________________________

              Title:  
      Navigator Management Ltd.

              Authorised
      Signatory

              
 

              RIM
      SEMICONDUCTOR COMPANY

              

              By:
      /s/ Brad Ketch

              Brad
      Ketch

              President
      and Chief Executive Officer

               

              Rim
      Semiconductor Company

              305
      NE 102nd
      Ave, Suite 350

              Portland,
      OR 97220

              Fax:  503.257.6622

              Email:
      BKetch@rimsemi.com

            

    

     

     

     

    2Unassociated Document

    EXHIBIT
9

     

    AMENDMENT
TO

    7% SENIOR
SECURED CONVERTIBLE DEBENTURE

    SERIES
06-01C DUE MARCH 10, 2008

    

    Holder:   Professional
Offshore Opportunity Fund, Ltd..

    

    This
Amendment (“Amendment”) to 7% Senior Secured Convertible Debenture Series 06-01C
due March 10, 2008 (the “Debenture”), is entered into between Rim Semiconductor
Company, a Utah corporation (the “Company”) and the Holder named
above.  Terms not otherwise defined or amended herein shall have the
meanings ascribed to them in the Debenture.

     

    The
Parties agree to amend certain terms of the Debenture, as follows, effective as
of March 18, 2008.

    

    
      	
            	
              1.  
        

            	
              Maturity Date;
      Waiver.  Holder and the Company agree that the “Maturity
      Date” of the Debenture shall be April 10, 2008.  Holder agrees
      to waive any Event of Default that may have occurred or be deemed to have
      occurred prior to the date hereof that is related to or arises from the
      failure to pay amounts due under the
Debenture.

            

    

    

    
      	
            	
              2.  
        

            	
              Consideration.  In
      consideration of Holder’s execution of this Amendment and extension of the
      Maturity Date to April 10, 2008, the Company agrees to pay Holder $15,000
      within seven (7) days after Holder’s execution of this
      Amendment.

            

    

    

    
      	
            	
              3.  
        

            	
              Execution
      Date.  This Amendment and the terms contained herein
      shall be considered null and void if a copy of this Amendment executed by
      Holder is not received by the Company by mail, fax or email by 5pm,
      Pacific time, on March 19, 2008.  Contact information is set
      forth on the signature page hereto.

            

    

    

    This Amendment, the Debenture, and all
other written agreements between the Company and Holder set forth in full all of
the representations and agreements of the parties with respect to the subject
matter hereof and supersede all prior discussions, representations, agreements
and understandings between the parties with respect to the subject
hereof.  Except as expressly amended herein and as such amendment may
require additional amendment to specific terms and conditions, with such
amendment being deemed made hereby, all of the terms and provisions of the
Debenture, and all other documents and agreements between the Company and Holder
shall continue in full force and effect and the same are hereby ratified and
confirmed.  In connection with this Amendment and the transactions
contemplated hereby, each of the parties agrees to execute and deliver any
additional documents and instruments and perform any additional acts that may be
necessary or appropriate to effectuate and perform its respective obligations
under this Agreement and the transactions contemplated hereby.

     

    [Signature
Page Follows]

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    IN
WITNESS WHEREOF, the parties hereto have executed this Amendment as of March 18,
2008.

    

     

     

    
      	 	

              HOLDER:

              PROFESSIONAL
      OFFSHOREOPPORTUNITY FUND, LTD.

               

              By:
      /s/ Marc K. Swickle

              Name: Marc
      K. Swickle

              Title:
      Manager

              

              RIM
      SEMICONDUCTOR COMPANY

               

              By:
      /s/ Brad Ketch

              Brad
      Ketch

              President
      and Chief Executive Officer

               

              Rim
      Semiconductor Company

              305
      NE 102nd
      Ave, Suite 350

              Portland,
      OR 97220

              Fax:  503.257.6622

              Email:
      BKetch@rimsemi.com

            

    

    
       

       

       

       

      2rim_10-ksbex1010.htm

    Exhibit 10.10

     

     

    
 

    
      AMENDMENT
TO

      7% SENIOR
SECURED CONVERTIBLE DEBENTURE

      SERIES
06-01C DUE MARCH 10, 2008

      

      Holder:   Generation
Capital Associates

      

      This Amendment (“Amendment”) to 7%
Senior Secured Convertible Debenture Series 06-01C due March 10, 2008 (the
“Debenture”), is entered into between Rim Semiconductor Company, a Utah
corporation (the “Company”) and the Holder named above.  Terms not
otherwise defined or amended herein shall have the meanings ascribed to them in
the Debenture.

      

      The Parties agree to amend certain
terms of the Debenture, as follows, effective as of March 18, 2008.

      

      
        	
                 
      

              	
                1.

              	
                Maturity Date;
      Waiver.  Holder and the Company agree that the “Maturity
      Date” of the Debenture shall be April 10, 2008.  Holder agrees
      to waive any Event of Default that may have occurred or be deemed to have
      occurred prior to the date hereof that is related to or arises from the
      failure to pay amounts due under the
Debenture.

              

      

      

      
        	
                 
      

              	
                2.

              	
                Consideration.  In
      consideration of Holder’s execution of this Amendment and extension of the
      Maturity Date to April 10, 2008, the Company agrees to pay Holder
      $8,181.82 within seven (7) days after Holder’s execution of this
      Amendment.

              

      

      

      
        	
                 
      

              	
                3.

              	
                Execution
      Date.  This Amendment and the terms contained herein
      shall be considered null and void if a copy of this Amendment executed by
      Holder is not received by the Company by mail, fax or email by 5pm,
      Pacific time, on March 19, 2008.  Contact information is set
      forth on the signature page hereto.

              

      

      

      This Amendment, the Debenture, and all
other written agreements between the Company and Holder set forth in full all of
the representations and agreements of the parties with respect to the subject
matter hereof and supersede all prior discussions, representations, agreements
and understandings between the parties with respect to the subject
hereof.  Except as expressly amended herein and as such amendment may
require additional amendment to specific terms and conditions, with such
amendment being deemed made hereby, all of the terms and provisions of the
Debenture, and all other documents and agreements between the Company and Holder
shall continue in full force and effect and the same are hereby ratified and
confirmed.  In
connection with this Amendment and the transactions contemplated hereby,
each of the parties agrees to execute and deliver any additional
documents and instruments and perform any additional acts that may be necessary
or appropriate to effectuate and perform its respective obligations under this
Agreement and the transactions contemplated hereby.

      

      [Signature
Page Follows]

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      IN WITNESS WHEREOF, the parties hereto
have executed this Amendment as of March 18, 2008.

      

      

      
        	 
      	
                HOLDER:

              
	 
      	
                GENERATION
      CAPITAL ASSOCIATES.

              
	 
      	 
      
	 
      	
                By:/s/  David
      A. Rappaport

              
	 
      	
                Name:    David
      A. Rappaport

              
	 
      	
                Title:   
      EVP &GC

              
	 
      	 
      
	 
      	 
      
	 
      	
                RIM
      SEMICONDUCTOR COMPANY

              
	 
      	 
      
	
                `

              	
                By:  /s/
      Brad Ketch

              
	 
      	
                Brad
      Ketch

              
	 
      	
                President
      and Chief Executive Officer

              
	 
      	 
      
	 
      	
                Rim
      Semiconductor Company

              
	 
      	
                305
      NE 102nd
      Ave, Suite 350

              
	 
      	
                Portland,
      OR 97220

              
	 
      	
                Fax:  503.257.6622

              
	 
      	
                Email:
      BKetch@rimsemi.com

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