Item 1.01 Entry into a Material Definitive Agreement

On January 1, 2009, Multiband Corporation (Multiband) and DirecTECH Holding Company, Inc. (DTHC) and its various affiliates completed the initial closing to the Stock Purchase Agreement (SPA) executed by the parties on November 3, 2008. The SPA was amended on December 30, 2008 and that amendment is filed in its entirety as an Exhibit hereto. Please refer to the Exhibit for all the amendment terms. Among other terms, the SPA was amended to adjust the overall Multiband purchase price from fifty million dollars plus assumption of DTHC bank debt to fifty-six million five hundred thousand dollars without assumption of bank debt.Inclusive in the overall purchase price is the six million one hundred thousand dollars of consideration previously issued by Multiband to purchase 51% of the stock of Michigan Microtech, Inc. in January, 2008. As stated in a prior filing on Form 8-K, the DTHC bank debt was completely paid off in December, 2008 and thus no bank debt existed as of the closing date.