This letter of understanding, dated 15 April 2003 is among and between the following parties:Letter of Understanding • May 20th, 2003 • Asia Premium Television Group • Blank checks
TERMS AND CONDITIONS OF THE NOTEAsia Premium Television Group • May 20th, 2003 • Blank checks
The Note shall be held subject to and with the benefit of the terms and conditions set out below and such terms and conditions shall be binding on GTM HOLDINGS, INC. ("Issuer"). Unless otherwise defined herein, expressions defined in an agreement dated 12 October 2001 (the "Agreement") relating to the issue of the Note shall bear the same meaning in this Certificate:
