Affinity Media International Corp. Warrant Issuance Agreement
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Summary
Affinity Media International Corp. agrees to issue warrants to the recipient, allowing them to purchase company common stock at $0.10 per share if certain trading price conditions are met after a business combination. Additional warrants may be issued if higher trading price thresholds are reached. All warrants will be exercisable for five years from issuance. The agreement is effective after the company's business combination, as defined in its registration statement.
EX-10.9 14 v035892_ex10-9.htm Unassociated Document
AFFINITY MEDIA INTERNATIONAL CORP.
| __________, 2006 | ||
| [name] | ||
| [address] |
RE: Warrants of Affinity Media International Corp. (the “Company”)
To whom it may concern:
This letter will confirm our agreement that, at any time after the consummation of a “business combination”, if the Company’s publicly-traded common stock reaches a volume weighted average trading price of $6.60 per share for each day during any five-day trading period, the Company will issue to you warrants, on mutually agreeable terms, allowing you to purchase up to an aggregate of ____________ shares of the Company’s common stock for $.10 per share. If, at any time after the consummation of a “business combination”, the Company’s publicly-traded units begin trading separately, the Company’s publicly-traded common stock reaches a volume weighted average trading price of $7.20 per share or more for each day during any five-day trading period, the Company will issue to you additional warrants, on mutually agreeable terms, allowing you to purchase up to an aggregate of ____________ shares of the Company’s common stock, for $.10 per share. All warrants granted pursuant to this agreement will be exercisable for a period of 5 years from the date of issuance.
As used herein, the term “business combination” shall have the meaning set for the in the Company’s registration statement on Form S-1, as amended.
| Very truly yours, | ||
| AFFINITY MEDIA INTERNATIONAL CORP. | ||
| | | |
| Date: | By: | |
| Name: Howard Cohl | ||
| Title: President | ||
AGREED TO AND ACCEPTED BY:
Name:
