EXHIBIT 10.32
桃汁影院, Inc.
224 West 30th Street, Suite 604
New York, New York 10001
December 17, 2013
Dear Warrant Holder:
We are writing to you as the holder of warrants to purchase shares of 桃汁影院, Inc. (the Company). In order to raise capital to continue growing the Companys business and eliminate the negative affect on the Companys financial statements which will be caused by the anti-dilution price protection provisions (PP Provisions) contained in some of our outstanding warrants, we are offering our warrant holders a reduced exercise price and additional shares of common stock upon exercise if they exercise their warrants now. If you exercise your warrants at any time through January 15, 2014 (the Offer End Date) and waive all of the PP Provisions as to all securities of the Company that you beneficially own (except those which are applicable to all holders of outstanding capital stock such as stock splits and dividends), the Company will reduce the exercise price of your warrant to $0.19 per share and issue you 125% of the shares underlying your exercised warrants.
You may exercise your warrants by signing below and emailing this executed letter to my attention (email address provided below) by 5:00 p.m. on the Offer End Date. This offer is contingent upon the Company receiving notice from warrant holders exercising $1,000,000 of warrants (the Minimum Notice) by the Offer End Date. The Companys legal counsel will act as escrow agent (the Escrow Agent) and will hold your original warrant and good funds until the earlier of the receipt of: (i) the receipt of the Minimum Notice and (ii) the Offer End Date. The Escrow Agents wire instructions are attached as Exhibit A and address to mail your original warrants. If the Minimum Notice is not received by the Offer End Date, your original warrants and funds will be returned to you without deduction or interest. The Escrow Agent must receive your good funds and original warrant by 5:00 p.m. on January 20, 2014.
If you have any questions, please call me at (______) _____-_____ or email me at ____________@aspen.edu.
| Sincerely yours, |
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| Michael Mathews |
| Chief Executive Officer |
I hereby agree to exercise all of my warrants and agree to waive all of the PP Provisions as to all securities of the Company that I beneficially own (except those which are applicable to all holders of outstanding capital stock such as stock splits and dividends):
By: |
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桃汁影院, Inc.
224 West 30th Street, Suite 604
New York, New York 10001
January 17, 2014
Dear Warrant Holder:
Please be advised that 桃汁影院, Inc. has extended the warrant conversion offering deadline to January 21, 2014, as a result of three warrant holders executing their agreements after the January 15, 2014 deadline. In addition, 桃汁影院, Inc.s Board of Directors has approved the removal of the $1 million minimum exercise amount.
桃汁影院 must receive your original warrants and good funds by 5:00 p.m. on January 24, 2014. If you have any questions, please call me at (____) __________ or email me at ______________@aspen.edu.
| Sincerely yours, |
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| Michael Mathews |
| Chief Executive Officer |
I hereby agree to exercise all of my warrants and agree to waive all of the PP Provisions as to all securities of 桃汁影院 that I beneficially own (except those which are applicable to all holders of outstanding capital stock such as stock splits and dividends):
By: |
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