AFFINITY MEDIA INTERNATIONAL CORP.
AFFINITY
MEDIA INTERNATIONAL CORP.
|
__________,
2006
|
||
| [name] | ||
| [address] |
RE: Warrants
of Affinity Media International Corp. (the “Company”)
To
whom
it may concern:
This
letter will confirm our agreement that, at
any
time after the consummation of a “business combination”, if the Company’s
publicly-traded common stock reaches a volume weighted average trading price
of
$6.60 per share for each day during any five-day trading period, the Company
will issue to you warrants, on mutually agreeable terms, allowing you to
purchase up to an aggregate of ____________ shares of the Company’s common stock
for $.10 per share. If, at any time after the consummation of a “business
combination”, the Company’s publicly-traded units begin trading
separately,
the
Company’s publicly-traded common
stock reaches a volume
weighted average trading price
of
$7.20 per share or more for
each
day during any five-day trading period,
the
Company will issue to you additional warrants, on mutually agreeable terms,
allowing you to purchase up to an aggregate of ____________ shares of the
Company’s
common
stock, for $.10
per
share.
All
warrants granted pursuant to this agreement will be exercisable for a period
of
5 years from the date of issuance.
As
used
herein, the term “business combination” shall have the meaning set for the in
the Company’s registration statement on Form S-1, as amended.
| Very truly yours, | ||
| AFFINITY MEDIA INTERNATIONAL CORP. | ||
| |
|
|
| Date: | By: | |
|
Name: Xxxxxx Xxxx |
||
| Title: President | ||
AGREED
TO
AND ACCEPTED BY:
Name:
