LOCKUP AGREEMENTLockup Agreement • May 16th, 2007 • Source Interlink Companies Inc • Services-direct mail advertising services • New York
THIS LOCKUP AGREEMENT (this “Agreement”) is made and entered into as of May 13, 2007, by and among Source Interlink Companies, Inc., a Delaware corporation (“Source”), and the undersigned stockholder (“Stockholder”) of the company.
THE YUCAIPA COMPANIES, LLC LOS ANGELES, CA 90069 May 13, 2007Commitment Letter • May 16th, 2007 • Source Interlink Companies Inc • Services-direct mail advertising services • New York
We are pleased to provide you with this commitment in connection with your contemplated purchase of PRIMEDIA Enthusiast Media Inc. Reference is made to that certain Stock Purchase Agreement, dated as of the date hereof (the “Purchase Agreement”), by and between Consumer Source Inc., a Delaware corporation (“Seller”), PRIMEDIA Inc., a Delaware corporation and Source Interlink Companies, Inc., a Delaware corporation (“Source”). Capitalized terms used herein and not otherwise defined have the respective meanings ascribed to them in the Purchase Agreement.
The Yucaipa Companies 9130 West Sunset Blvd. Los Angeles, CA 90069 May 14, 2007Letter of Intent • May 16th, 2007 • Source Interlink Companies Inc • Services-direct mail advertising services
This letter of intent is in furtherance of our goal to work together with the Company and the independent directors with respect to the terms of securities to support the Equity Commitment. This letter of intent is not intended to modify, amend or affect in any manner the agreements, obligations and rights of the parties under the Equity Commitment. Capitalized terms used herein and not otherwise defined have the meanings ascribed to them in the Purchase Agreement.
