Exhibit 10.29
October 28, 1998
Xxxx Xxxxxx
General Counsel
SEGA of America
000 Xxxxxxxxx Xxxxx, 0xx Xxxxx
Xxxxxxx Xxxx, XX 00000
Re: Licensing Agent Agreement - Resignation of Xxxxxxx Xxxxxx
Dear Xxxx:
We have received verbal notice from Xxxxxxx Xxxxxx yesterday that she will be
leaving Sega of America, effective November 14, 1998.
Pursuant to Clause 13 of the Licensing Agent Agreement dated July 25, 1997
executed by our two companies: "If Xxxxxxx Xxxxxx ("Xxxxxx") shall leave the
employ of Sega during the Term, American may terminate this Agreement by
giving written notice to Sega within thirty (30) days after American receives
notice from Sega that Xxxxxx will be leaving the employ of Sega."
We hereby are giving notice to Sega, that due to Xxxxxxx Xxxxxx' departure from
Sega, that we elect to terminate, effective immediately, the above mentioned
Licensing Agent Agreement in its entirety.
If you have any questions, please feel free to call me at 000-000-0000,
ext-8888.
Regards,
/s/ Xxxxxxx X. Xxxx
Xxxxxxx X. Xxxx
Chief Executive Officer
American Champion Media, Inc.
a subsidiary of
American Champion Entertainment, Inc.
cc: Xxxxxxx Xxxxxx
