EDUCATION MEDIA, INC. 1700 Pennsylvania Avenue, NW, Suite 900 Washington, DC 20006
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EDUCATION MEDIA, INC.
0000 Xxxxxxxxxxxx Xxxxxx, XX, Xxxxx 000
Xxxxxxxxxx, XX 00000
November , 2007
Ranger
Aviation II, LLC
0000 Xxxxxxxxxxxx Xxxxxx, XX, Xxxxx 000
Xxxxxxxxxx, XX 00000
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 0000 Xxxxxxxxxxxx Xxxxxx, XX, Xxxxx 000, Xxxxxxxxxx, XX 00000 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: Xxxxx X. Xxxxxx Title: Chief Executive Officer |
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Agreed and Accepted:
RANGER AVIATION II, LLC
By: |
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| Name: Xxxxx X. Xxxxxx Title: Sole Member |
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