EDUCATION MEDIA, INC. 1700 Pennsylvania Avenue, NW, Suite 900 Washington, DC 20006
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EDUCATION MEDIA, INC.
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November , 2007
Ranger
Aviation II, LLC
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Ladies and Gentlemen:
This letter will confirm our agreement that commencing on , 2007, Ranger Aviation II, LLC shall make available to Education Media, Inc. certain office space situated at ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ and general administrative services as may be required by Education Media, Inc. In exchange therefor, Education Media, Inc. shall pay Ranger Aviation II, LLC the sum of $10,000.00 per month. Education Media, Inc. will pay Ranger Aviation II, LLC the monthly fee of $10,000.00 on the last day of each month from and including the month in which the initial public offering is completed to and including the earlier of the month in which (i) Education Media, Inc.'s initial business combination is consummated and (ii) Education Media, Inc. is liquidated.
| EDUCATION MEDIA, INC. | |||
By: |
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| Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Title: Chief Executive Officer |
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Agreed and Accepted:
RANGER AVIATION II, LLC
By: |
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| Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Title: Sole Member |
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