Nathan Amery Magenta New Media Ltd 130 Shaftesbury Avenue London W1D 5EU 26th April 2006 Dear Nathan,
EXHIBIT 10.14
Xxxxxx Xxxxx
Magenta New Media Ltd
000 Xxxxxxxxxxx Xxxxxx
Xxxxxx
X0X 0XX
26th April 2006
Dear Xxxxxx,
This letter confirms our agreement that TV Extension Ltd (TVE) has assigned its interest, including all rights and obligations, in its Agency Exploitation Agreement with The TV Extension Platform Technology Partnership LLP (TVE LLP) to Magenta New Media Ltd. (MNM) with effect from 10th April 2006
In accordance with Clause 6 of the Agency Exploitation Agreement, TVE has sought the permission of TVE LLP to make this assignment in a letter dated 10th April 2006
TVE LLP gave its permission in its letter dated 20th April 2006, which I attached a copy.
MNM is registered in England no. 05047518, with its registered office at 00 Xxx Xxxx Xxxxxx, Xxxxxx, X0X 0XX.
Please sign and date all three copies of this letter and return one of them to me. I will keep one copy and send the other to TVE at its office. The third copy is yours to keep as record of this agreement.
Yours sincerely,
/s/ Xxxxxx Xxxxx
___________________________________
For and on behalf of
TV Extension
Limited
Signed for Magenta New Media Ltd:
/s/ Xxxxxx Xxxxx
Xxxxxx Xxxxx
Director
For and on behalf of
Magenta New Media Ltd
THE PARTNERSHIP ADMINISTRATOR
Xxxxxx Xxxxx
TV Extension Ltd.
00 Xxx Xxxx Xxxxxx
Xxxxxx
X0X 0XX
20th April 2006
Dear Xxxxxx
Agency Exploitation Agreement (AEA) – assignment
I refer to your letter dated 10th April 2006.
On behalf of The TV Extension Platform Technology Partnership LLP (TVE LLP), I agree that TV Extension Ltd (TVE) can assign to Magenta New Media Ltd (MNM) its rights and obligations under its AEA with TVE LLP with effect from 10th April 2006.
Please let me have a copy of the assignment agreement when it is completed.
Yours sincerely
/s/ Xxxx Xxxxxx
Xxxx X. Xxxxxx
Administrator
Cc Magenta New Media Ltd.
THE TV EXTENSION TECHNOLOGY PARTNERSHIP LLP
Registered in England No. OC303547 Registered
Office: 0 Xxxxxxx Xxx, Xxxxxx XX00 0XX
Xxxx Xxxxxx
The TV Extension Platform Technology
Partnership LLP
0 Xxxxxxx Xxx
Xxxxxx
XX0X 0XX
10th April 2006
Dear Xxxx,
Agency Exploitation Agreement (AEA) – Proposed assignment
On behalf of TV Extension Ltd (TVE), I hereby seek permission to assign to Magenta New Media Ltd (MNM) TVE’s rights and obligations under its AEA with The TV Extension Platform Technology Partnership LLP (TE), with immediate effect.
MNM is registered in England no. 05047518, with its registered office at 00 Xxx Xxxx Xxxxxx, Xxxxxx, X0X 0XX.
I believe that this assignment will be in the interests of all the parties. MNM specialises in wireless entertainment and service solutions for the top market hospitality industry and I believe TVE’s business will sit well with MNM’s existing portfolio.
Unfortunately, TVE’s core business has changed and we are unlikely to be able to give TVE’s business the attention it needs to thrive
I look forward to receiving your assent to this request.
Kind Regards,
Yours sincerely,
/s/ Xxxxxx Xxxxx
Xxxxxx Xxxxx
Director
TV Extension Limited
00 Xxx
Xxxx Xxxxxx
Xxxxxx
X0X 0X
