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AMENDMENT NUMBER 1
TO
WARRANT
THIS IS
AMENDMENT NUMBER 1 (“this Amendment”) that is being
executed and delivered by and between GCA Strategic Investment Fund
Limited, a Bermuda corporation (“GCA”) and
Speedemissions, Inc., a Florida corporation (the
“Company”), and dated effective as of October 14, 2005
in order to amend that certain Warrant to purchase 2,500,000 shares
of the Company’s Common Stock dated January 21, 2004 (the
“Warrant”) and by which GCA and the Company, in
consideration of the mutual promises contained in the Warrant and
in this Amendment and other good and valuable consideration (the
sufficiency, mutuality and adequacy of which are hereby
acknowledged), hereby agree as follows:
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Amendment to
Exercise Price . The
Exercise Price, as such term is defined in the Warrant shall be
$0.12.
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No Other
Effect on the Warrant .
Except as amended by this Amendment, the Warrant remains in full
force and effect.
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Effective
Date . This Amendment is
effective October 14, 2005.
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(a)
Captions; Certain
Definitions . Titles and captions of or in this
Amendment are inserted o
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