Distribution Agreement - BAM! Entertainment Ltd. and Acclaim Entertainment Ltd.
[Confidential Portions Omitted]
Acclaim Entertainment Ltd.
Moreau House
112-120 Brompton Road
London SW3 1JJ
September 30, 2003
BAM Entertainment Limited
Upper Borough Court
Borough Wells
Bath
BA1 1RG
RE ACCLAIM ENTERTAINMENT INC. -W- BAM ENTERTAINMENT LIMITED
Gentlemen:
We would like to clarify a number of provisions of the letter of intent entered
into between our companies dated July 17, 2003.
Specifically:
1. Wallace and Gromit PS2 - This product will be developed as 3 SKU's
with associated minimum guaranteed royalties on each SKU payable as
follows:
a. PAL English $ [*]
b. PAL German $ [*]
c. PAL French, Italian, German, Spanish $ [*]
Excess royalties are only payable once the total minimum
guarantee is exceeded.
2. Wallace and Gromit XBox - This product will be developed as 2 SKU's
with associated minimum guaranteed royalties on each SKU payable as
follows:
a. PAL English $ [*]
b. PAL French, Italian, German, Spanish $ [*]
Excess royalties are only payable once the total minimum
guarantee is exceeded.
________________
*Confidential portion omitted and filed separately with the Commission.
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3. Wallace and Gromit Gamecube - This product will be developed as 2
SKU's with associated minimum guaranteed royalties on each SKU
payable as follows:
a. PAL English $ [*]
b. PAL French, Italian, German, Spanish $ [*]
Excess royalties are only payable once the $[*] total
minimum guarantee is exceeded.
4. Samarai Jack - This product will be developed as an English language
Version only.
Sincerely
Acclaim Entertainment Limited
By /s/ Simon Hosken
----------------
Agreed and Accepted
BAM Entertainment Limited
By /s/ Stephen Ambler
----------------------
________________
*Confidential portion omitted and filed separately with the Commission.