AFFINITY MEDIA INTERNATIONAL CORP.
AFFINITY
MEDIA INTERNATIONAL CORP.
August
12, 2005,
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amended
as of January 13,
2006
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Silverback
Books, Inc.
00000
Xxxxxxxx Xxxx.
Ste.
1500
Los
Angeles, CA 90025
Gentlemen:
This
letter will confirm our agreement that, commencing on the effective date
“Effective Date") of the registration statement for the initial public offering
("IPO") of the securities of Affinity Media International Corp. ("AMIC") and
continuing until the earlier of the consummation by AIC of a "Business
Combination" or AMIC's liquidation (as described in AMIC's IPO prospectus;
such
date the "Termination Date"), Silverback Books, Inc. shall make available to
AMIC certain office and receptionist/secretarial services as may be required
by
AMIC from time to time, situated at 00000 Xxxxxxxx Xxxx., Xxx. 0000, Xxx
Xxxxxxx, XX 00000. In exchange therefore, AMIC shall pay Silverback Books,
Inc.
the sum of $7,500 per month on the Effective Date and continuing monthly
thereafter until the Termination Date, as follows:
(i)
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$3,000
monthly from the proceeds of the IPO not held in trust (as described
in
XXXX's IPO prospectus); and
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(ii) | $4,500 monthly from interest earned on the proceeds of the IPO held in trust (as described in AMIC's IPO prospectus). |
In
case
of any dispute or uncertainty, the description and terms of this agreement
set
forth in AMIC’s IPO prospectus shall be controlling.
Very truly yours, | ||
AFFINITY MEDIA INTERNATIONAL CORP. | ||
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By: | /s/ Xxxxxx Xxxx | |
Name: Xxxxxx Xxxx |
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Title: President |
AGREED
TO
AND ACCEPTED BY:
SILVERBACK
BOOKS, INC.
By:
/s/ Xxxxx Xxxxx
Name:
Xxxxx Xxxxx
Authorized
Signatory