ITNS Itonis Inc (PK)

Execution of First Amendment to Agreement for Purchase and Sale of Ownership Interests with Niu Zhengping and Wu Jiping, individually

On January 15, 2008, ITonis Inc. (the “Company”) executed a binding, definitive share purchase agreement (the “Share Purchase Agreement”) with Niu Zhengping and Wu Jiping, individually (collectively, the “Sellers”) for the acquisition of their company, Beijing Tuo Jiang Culture Development Ltd. (“BTJCD”), a company organized and validly existing under the laws of the People’s Republic of China. The Share Purchase Agreement was reported in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 11, 2008.

On March 5, 2008, the Company executed a first amendment to the Share Purchase Agreement with the Sellers for the acquisition of BTJCD (the “First Amendment”). The following summary of the First Amendment does not purport to be complete and is qualified in its entirety by reference to the First Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K.

Under the Share Purchase Agreement, the Sellers agreed to sell BTJCD in exchange for 1,000,000 shares of Company common shares, and $500,000 cash. The principal asset of BTJCD was $300,000 in cash, made immediately available to the Company for use in China for Company purposes. The First Amendment modifies the Share Purchase Agreement by increasing the cash purchase price to $610,000, in exchange for a modification to the payment schedule, and the inclusion of assets totaling $100,000 in the form of two automobiles, which will be available to the Company upon the closing of the acquisition of BTJCD, which is still expected to occur by June 1, 2008.