Frankly Media LLC

 

Frankly Media LLC

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Dated as of August 15, 2016

 

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▇▇▇▇▇▇▇▇ & Associates, PC

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Re:       Amendment of Management Services Agreement

 

Dear ▇▇▇,

 

Reference is made to the Management Services Agreement between ▇▇▇▇▇▇▇▇ & Associates, PC (“Consultant”) and Frankly Media, LLC (fka ▇▇▇▇▇▇▇▇ Web Holdings, LLC d/b/a Worldnow) (“Company”) dated April 1, 2015, as amended August 1, 2015 (the “Agreement”). In exchange for consideration, the receipt and sufficiency of which are hereby acknowledged, when signed below, the Agreement will be amended as follows:

 

Fee Adjustment – For the period commencing on August 16, 2016 and ending on December 31, 2016, the fees payable to Consultant under the Agreement will be reduced from the annual rate of $360,000.00 to the annual rate of $33,120.00. Commencing on January 1, 2017, Consultant’s fees will return to the $360,000.00 annual rate. The foregoing reduction in fees will not be factored into the calculation of any bonus for which Consultant may be eligible.

 

Except as amended herein, the Agreement will continue in full force and effect.

 

If the foregoing is acceptable, please return a signed copy of this Amendment to us at your earliest convenience, and we will return a fully-executed copy to you.

 

	Sincerely,
	Frankly Media LLC
	By:	/s/ ▇▇▇▇ ▇. ▇▇▇▇
	Name:	▇▇▇▇ ▇. ▇▇▇▇
	Title:	General Counsel

 

Accepted and Agreed:
▇▇▇▇▇▇▇▇ & Associates, PC
/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
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