Santa Monica Media Corporation 9229 Sunset Boulevard, Suite 505 Los Angeles, California 90069 (310) 573-9711 Office (310) 573-9761 Facsimile
Exhibit 10.4
Santa Xxxxxx Media Corporation
0000 Xxxxxx Xxxxxxxxx, Xxxxx 000
Xxx Xxxxxxx, Xxxxxxxxxx 00000
(000) 000-0000 Office
(000) 000-0000 Facsimile
0000 Xxxxxx Xxxxxxxxx, Xxxxx 000
Xxx Xxxxxxx, Xxxxxxxxxx 00000
(000) 000-0000 Office
(000) 000-0000 Facsimile
April 20, 2006 |
Santa Xxxxxx Capital Corp.
0000 Xxxxxx Xxxxxxxxx, Xxxxx 000
Xxx Xxxxxxx, Xxxxxxxxxx 00000
0000 Xxxxxx Xxxxxxxxx, Xxxxx 000
Xxx Xxxxxxx, Xxxxxxxxxx 00000
Gentlemen:
This will confirm our revised agreement pursuant to which you will provide general and
administrative services to us, including office space, utilities and secretarial support.
Commencing July 5, 2005, we will pay you a monthly fee of $7,500.00 subject to the following: For
the six-month period from July 5, 2005 to January 5, 2006, we will accrue and not pay to you an
aggregate fee of $45,000.00. For the period from January 5, 2006 until the sixth-month anniversary
of the completion of our initial public offering, no monthly fee will accrue. On the sixth-month
anniversary of our initial public offering, we will pay to you the entire accrued amount of
$45,000.00 for the period prior to January 5, 2006. During each month following the sixth-month
anniversary of the completion of the offering, we will pay to you a fee of $7,500.00. Our
obligation to pay such fees will terminate as soon as we have paid to you aggregate fees of
$180,000.00 or, if earlier, upon the completion of our initial business combination.
Please confirm your agreement with the foregoing by signing and returning a copy of this
letter.
Sincerely, | ||||||
Santa Xxxxxx Media Corporation | ||||||
/s/ Xxxxx Xxxxxxxx | ||||||
By: Xxxxx Xxxxxxxx, President | ||||||
Agreed to: |
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Santa Xxxxxx Capital Corp. |
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/s/ Xxxxx Xxxxxxxx |
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By: Xxxxx Xxxxxxxx, President |