Notice of Exercise of Option to Extend Contract Term between People to People International, Ambassadors International, Inc., and Ambassador Programs, Inc.

Contract Categories: Business Finance › Modification Agreements
Summary

This letter, dated December 9, 2009, is a formal notice from Ambassadors International, Inc. and Ambassador Programs, Inc. to People to People International. It exercises an option, under a prior amendment to their general contracts, to extend the term of all related agreements through June 30, 2020. The letter is signed by Jeffrey D. Thomas, CEO, and serves to officially notify the other party of the contract extension as permitted by their agreement.

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EX-10.25 12 ex10_25.htm ex10_25.htm
 

Exhibit 10.25
 
 
Celebrating Five Decades of International Exchange
 
 
December 9, 2009
 
By Facsimile, Certified Mail and Federal Express
 
People to People International
World Headquarters
911 Main Street, Suite 2110
Kansas City, MO 64105
 
Attn: Ms. Mary Eisenhower
 
Re:  Exercise of Option
 
Ladies and Gentlemen:
 
Pursuant to Section 2 of the Amendment to General Contracts, dated January 22, 2000, by and among People to People International, Ambassadors International, Inc. and Ambassador Programs, Inc. (the “Amendment”), we hereby exercise the option to extend the term of all of the Contracts (as defined in the Amendment) through June 30, 2020.
 
Please feel free to call me with any questions.
 
 
Regards,
 
 
 
 
 
/s/ Jeffrey D. Thomas
 
Jeffrey D. Thomas
Chief Executive Officer