Exhibit 10.13
ARMADILLO INVESTMENTS, PLC
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March 5, 2004
▇▇▇▇ ▇▇▇▇▇ Productions Holding, Inc.
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West Hollywood, CA 90069
Jubilee Investments Trust, Plc
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RE: INVESTMENT IN ▇▇▇▇ ▇▇▇▇▇ PRODUCTIONS HOLDING, INC.
Gentlemen:
This letter will confirm our mutual understanding regarding the investment to
be made in ▇▇▇▇ ▇▇▇▇▇ Productions Holding, Inc. ("JKXJ") by Armadillo
Investments, Plc. ("Armadillo").
Armadillo's proposed funding of a preferred stock offering of JKXJ shall be
increased from the currently proposed Four Million Dollars ($4,000,000) to Six
Million Dollars ($6,000,000).
JKXJ will deliver to Jubilee Investment Trust, Plc. ("Jubilee") Eight Hundred
Thousand (800,000) additional shares of JKXJ Common Stock in connection with
the financing of JKXJ by Armadillo. These additional Shares will be issued
without the payment of any additional consideration by Jubilee.
Please confirm that our understanding is correct by signing below.
Very Truly Yours,
DUNGARVON ASSOCIATES, INC.
On behalf of ARMADILLO INVESTMENTS, PLC
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Title: Director
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Accepted and Agreed
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By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
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Title: CEO
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DUNGARVON ASSOCIATES, INC.
On behalf of JUBILEE INVESTMENT TRUST, PLC
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Title: Director
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