EX-10 2 amendment_no4tonrtcagreement.htm amendment_no4tonrtcagreement.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing
EXECUTION COPY 
 
 
AMENDMENT NO. 4 TO STOCK PURCHASE AGREEMENT
 
    This AMENDMENT NO. 4 TO STOCK PURCHASE AGREEMENT (this 
Amendment”) is made and entered into as of June 8, 2007 by and among eLEC 
Communications Corp., a New York corporation having an address at 75 South Broadway Suite 
302 White Plains, NY 10601 (“Seller”), CYBD Acquisition, Inc., a New York corporation and 
wholly-owned subsidiary of Cyber Digital (as defined below) having an address at 400 Oser 
Avenue, Hauppauge, New York 11788 (“Acquisition Sub”), and Cyber Digital, Inc., a New 
York corporation having an address at 400 Oser Avenue, Hauppauge, New York 11788 (“Cyber 
Digital” and, together with Acquisition Sub, collectively, “Purchaser”), to amend that certain 
Stock Purchase Agreement, dated as of December 14, 2006, as amended to date, by and among 
Seller, Acquisition Sub and Cyber Digital (as amended, the “Agreement”). Capitalized terms 
used but not otherwise defined herein shall have the meanings ascribed to such terms in the 
Agreement.   
 
RECITALS
 
                   WHEREAS, the parties to the Agreement desire to amend the Agreement in accordance 
with the terms of this Amendment; and 
 
                   WHEREAS, Section 10.08 of the Agreement provides that the Agreement may be 
amended by a written instrument signed by the parties to the Agreement. 
 
                   NOW, THEREFORE, in consideration of the representations, warranties, covenants and 
agreements hereinafter contained, and intending to be legally bound hereby, the parties hereby 
agree as follows:   
 
          1.1    Section 3.05(a) of the Agreement; Definition of “Outside Date”. Section 3.05(a) 
of the Agreement shall be deleted and replaced in its entirety with the following: 
 
         “(a)    at the election of either Purchaser or Seller at any time after June 22, 2007 
                   (the “Outside Date”), if the Closing shall not have then occurred by the close of business 
                   on such date, provided that neither Purchaser nor Seller shall be entitled to terminate this 
                   Agreement on or after the Outside Date if the principal reason the transactions 
                   contemplated hereby shall not have been consummated by such time is the willful and 
                   material breach by such party (or in the case of Purchaser, by Cyber Digital or 
                   Acquisition Sub) of any of its or their obligations under this Agreement;” 
 
          1.2         Governing Law. All of the terms, conditions, and other provisions of this 
Amendment shall be interpreted and governed by reference to the laws of the State of New York, 
and any dispute arising therefrom and the remedies available shall be determined in accordance 
with such laws without giving effect to the principles of conflicts of law. 
 
          1.3          Binding; No Assignment. This Amendment and all of the provisions hereof shall 
be binding upon and inure to the benefit of the parties hereto and their respective successors and 
permitted assigns. Neither this Amendment nor any of the rights, interests or obligations 
hereunder shall be assigned by any of the parties hereto without the prior written consent of the 
other party, except by operation of law; provided, however, that (i) Acquisition Sub or Cyber 


Digital may assign all or part of this Amendment or its rights hereunder (a) to a Purchaser 
Affiliate, (b) to Laurus in connection with the New Note and the New Note Documents and (c) 
from and after the Closing, to a Person not a party to this Amendment which acquires all or 
substantially all of the assets of Acquisition Sub or Cyber Digital and who assumes all of the 
obligations of Acquisition Sub or Cyber Digital hereunder, as the case may be, provided in each 
such case that no such assignment shall release Acquisition Sub or Cyber Digital, as the case 
may be, from its duties and obligations hereunder, and (ii) Seller may assign all or part of this 
Amendment or its rights hereunder to an Affiliate of Seller who assumes all of the obligations of 
Seller hereunder, provided that no such assignment shall release Seller from its duties and 
obligations hereunder. 
 
          1.4    Counterparts. This Amendment may be executed simultaneously in two or more 
counterparts, each of which shall be deemed an original, but all of which together shall constitute 
one and the same instrument. 
 
          1.5    Headings. The title of this Amendment and the headings of the Sections and 
Articles of and the Schedules to this Amendment are for reference purposes only and shall not be 
used in construing or interpreting this Amendment. 
 
          1.6    Construction. Except as expressly set forth herein, all of the provisions of the 
Agreement shall remain in full force and effect in accordance with their terms, and this 
Amendment shall reaffirm the Agreement in all respects. In the event of any conflict or 
inconsistency between the provisions of this Amendment and the provisions of the Agreement, 
the provisions of this Amendment shall govern. 
 
 
 
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly 
executed and delivered on the day and year first above written. 
 

                                                                      PURCHASER: 

 
                                                                                  CYBD ACQUISITION, INC. 
 
 
                                                                                  By: /s/ J.C. Chatpar 
                                                                                  Name: J.C. Chatpar 
                                                                                  Title: President 
 
                                                                                  CYBER DIGITAL, INC. 
 
 
                                                                                  By: /s/ J.C. Chatpar 
                                                                                  Name: J.C. Chatpar 
                                                                                  Title: President and CEO 
 
                                                                      SELLER: 
 
                                                                                  eLEC COMMUNICATIONS CORP. 
 
 
                                                                                  By: /s/ Paul H. Riss 
                                                                                  Name: Paul H. Riss 
                                                                                  Title: CEO