Notice of Cancellation of Irrevocable Standby Letter of Credit (Blockbuster Inc. and Citigroup)

Summary

Blockbuster Inc. formally requests Citigroup to cancel an irrevocable standby letter of credit (LC #69600018) valued at $4,325,701.91. The notice is addressed to Citigroup and is acknowledged and agreed to by Viacom Inc. as an involved party. The document serves as an official communication to terminate the letter of credit, with contact information provided for any questions. The cancellation is effective upon acknowledgment by all parties.

EX-10.1 2 dex101.htm NOTICE TO CITIGROUP OF CANCELLATION OF LETTER OF CREDIT Notice to Citigroup of cancellation of Letter of Credit

Exhibit 10.1

January 5, 2010

Citigroup

Attention: Ms. Mary Ellen Winkler-Gunn

***@***

With a copy to:

***@***

Re:	Irrevocable Standby Letter of Credit

LC # 69600018

USD $4,325,701.91

Acct.: Blockbuster Inc. (“Blockbuster”)

Dear Ms. Winkler-Gunn:

We hereby request that you cancel the letter of credit referenced above.

Please don’t hesitate to contact the undersigned with any questions regarding this matter.

Sincerely,

/s/ Russell Birk

Russell Birk

Vice President & Treasurer

Blockbuster Inc.

Acknowledged and agreed for purposes

of the cancellation of letter of credit # 69600018:

VIACOM INC.


By:		/s/ Keyes Hill-Edgar
		Name: Keyes Hill-Edgar
		Title: Senior Vice President