Village Green Bookstore Inc Watch

from 10QSB 1 page Exhibit 11 the Village Green Bookstore, Inc. Computation of Earnings Per Common Share Three Months Ended May 4, 1997 Primary Earnings Per Share1 - Net Loss After Taxes $ (324,278) Weighted Average Common Shares Outstanding 3,741,273 Primary Earnings Per Share $ (0.09) 1 Warrants and Options, Which Are Potentially Dilutive, Were Not Considered in the Calculations Because These Items Were Anti-Dilutive Due to the Net Losses Incurred During the Reporting Period. 16

from 10QSB 1 page Material contract

from 8-K 1 page The Village Green Bookstore, Inc. 1357 Monroe Avenue Rochester, Ny 14618 July 20, 1995 Mr. Mark Kalimian 350 East 79th Street Apt. 2c New York, Ny 10021 Re: Modification of Warrant Dear Mr. Kalimian: Reference Is Made to Warrant No. W-1 (The "Warrant") of the Village Green Bookstore, Inc. (The "Company") Dated September 12, 1994 Pursuant to Which You Are Entitled to Acquire Up to 100,000 Shares of Common Stock of the Company at an Initial Exercise Price of Four ($4.00) Dollars Per Share of Common Stock (The "Purchase Price"). This Letter Shall Confirm the Following: 1. the Warrant Is Hereby Amended to Provide That the Purchase Price Therein Is Two Dollars and Twenty Five Cents ($2.25). 2. Except as Provided by Paragraph 1, the Warrant Remains in Full Force and Effect. Please Confirm the Foregoing by Signing in the Space Below and Returning This Letter to the Company. the Village Green Bookstore, Inc. By: \Raymond Sparks\ Raymond Sparks, President Accepted and Agreed: \Mark Kalimian\ Mark Kalimian