Exhibit 10.13
ARMADILLO INVESTMENTS, PLC
00 XXXXXXXXXX XXXXXX
XXXXXX
XX0X 0XX
March 5, 2004
Xxxx Xxxxx Productions Holding, Inc.
0000 Xxxxxx Xxxx.
West Hollywood, CA 90069
Jubilee Investments Trust, Plc
00 Xxxxxxxxx Xxxxxx
Xxxxxx X0X 0XX
RE: INVESTMENT IN XXXX XXXXX PRODUCTIONS HOLDING, INC.
Gentlemen:
This letter will confirm our mutual understanding regarding the investment to
be made in Xxxx Xxxxx Productions Holding, Inc. ("JKXJ") by Armadillo
Investments, Plc. ("Armadillo").
Armadillo's proposed funding of a preferred stock offering of JKXJ shall be
increased from the currently proposed Four Million Dollars ($4,000,000) to Six
Million Dollars ($6,000,000).
JKXJ will deliver to Jubilee Investment Trust, Plc. ("Jubilee") Eight Hundred
Thousand (800,000) additional shares of JKXJ Common Stock in connection with
the financing of JKXJ by Armadillo. These additional Shares will be issued
without the payment of any additional consideration by Jubilee.
Please confirm that our understanding is correct by signing below.
Very Truly Yours,
DUNGARVON ASSOCIATES, INC.
On behalf of ARMADILLO INVESTMENTS, PLC
By: /s/ Xxxxxx X. Xxxxxx
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Name: Xxxxxx X. Xxxxxx
--------------------------
Title: Director
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Accepted and Agreed
XXXX XXXXX PRODUCTIONS HOLDING, INC.
By: /s/ Xxxxxx X. Xxxxxxxxx
----------------------------------
Name: Xxxxxx X. Xxxxxxxxx
--------------------------------
Title: CEO
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DUNGARVON ASSOCIATES, INC.
On behalf of JUBILEE INVESTMENT TRUST, PLC
By: /s/ Xxxxxx X. Xxxxxx
----------------------------------
Name: Xxxxxx X. Xxxxxx
--------------------------------
Title: Director
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