USA
Exhibit 10.37
PUREPLAY
>MEDIA
August 30, 2005
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PRIVATE NORTH AMERICA INC. |
|
USA |
RE: Offsetting of Loan from Private North America to Pure Play Media Inc.
Dear Mr. Xxxxxxxx,
Further to an oral agreement between Private North America and Pure Play Media, Inc as contemplated and agreed to by Xxxxxxx Xxxxxx, Xxxx Xxxxxxxxx and Xxxxx Xxxxxxxx, this letter will serve as written confirmation to the agreement. It has been agreed that amounts due under the loan granted to Pure Play Media, Inc. by Private North America Inc. for the purchase of “Private” inventory, will be used to offset money due to Pure Play Media, Inc. from Fraserside Holdings Ltd. as derived from sales of Pure Play Media DVDs in Europe.
This letter to be acknowledged and the terms thereof agreed to by the undersigned.
Private North America, Inc. per. Pure Play Media Inc. per.
____/s/ Xxxxx Xxxxxxxx___ ______/s/ Xxxxxxx Xxxxxx______
Xxxxx Xxxxxxxx Xxxxxxx Xxxxxx
|
Pure Play Media Inc. |
00000 Xxxxxxxx Xxxxx |
Ph. 000 000 0000 |
00 Xxxxxxxxxx Xx. Xxxx |
Ph. 000 000 0000 |
