UNAPIX ENTERTAINMENT, INC.
000 Xxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
October 16, 1996
Strategic Growth International, Inc.
000 Xxxxx Xxxx Xxxx
Xxxxx Xxxx, XX 00000-0000
Gentlemen:
The purpose of this letter is to set forth the understanding between
Strategic Growth International, Inc., ("SGI") and Unapix Entertainment, Inc.,
("the "Company") with respect to the Company's private placement with Highview
Capital.
The Company hereby agrees with SGI to pay or issue to SGI the following
finders fee in recognition of SGI's introducing Highview to Unapix.
(i) Cash equal to seven and a half percent (7 1/2%) of the aggregate
purchase price of Units (as defined in the private placement
memorandum) sold to Highview; and
(ii) Five-year options to purchase shares of the Company's common
stock at an exercise price of 4.50 per share at the rate of 150,000
options per $2,500,000 aggregate purchase price of Units, or portion
thereof whether less than or more than $2,500,00 is raised.
Please indicate your acknowledgement and acceptance of the foregoing in
the space below.
UNAPIX ENTERTAINMENT, INC.
BY: /s/ Xxxxx Xxx
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Xxxxx Xxx
ACKNOWLEDGED AND AGREED TO:
By: /s/ Xxxxxxx Xxxxxxxxx, President
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Strategic Growth International, Inc.
