Letterhead of American Media, Inc.]
Exhibit 10.2
[Letterhead of American Media, Inc.]
January 1, 2004
Via Federal Express
Xxxx Xxxxxxx, Esq.
Oak Productions, Inc.
c/o Main Street Advisors
0000 Xxxx Xxxxxx
Suite 300
Santa Monica, CA 90405
Re: Agreement to Make Contributions
Dear Xxxx:
Based upon our recent conversations, this letter will confirm that for consideration received AMI agrees to make the following contributions annually over the next five years beginning in calendar year 2004.
1. | An annual contribution of $100,000 to the Xxxxxx Classic |
2. | An annual contribution of $250,000 to the Governor’s Counsel on Physical Fitness (this contribution may be made in part by Xxxxx Xxxxxx). |
The aforementioned contributions shall be made prior to December 31 of each calendar year.
Very truly yours, |
/s/ Xxxxxxx X. Xxxxxx |
Xxxxxxx X. Xxxxxx |