Trinad Capital Master Fund, Ltd
2121 Avenue of the Stars, Suite 2550
Los Angeles, CA 90067

October 24, 2007

Charles Bentz
Chief Financial Officer
Driftwood Ventures, Inc
2121 Avenue of the Stars, Suite 2550
Los Angeles, CA 90067

Dear Mr. Bentz:

Trinad Capital Master Fund, Ltd (“Trinad”) hereby agrees to loan Driftwood
Ventures, Inc. (the “Company”) up to a principal amount of $100,000 (the “Loan”)
at any time and from time to time prior to the Company’s consummation of a Next
Financing (as hereinafter defined). Trinad shall make advances to the Company in
such amounts as the Company shall request from time to time. The Loan shall bear
interest at 10% (ten percent) per annum. The entire outstanding principal amount
of the Loan and any accrued interest thereon shall be due and payable by the
Company upon, and not prior to, the consummation of a sale of securities (other
than a sale of shares of the Company’s Common Stock, $0.001 par value per share,
to officers, directors or employees of, or consultants to, the Company in
connection with their provision of services to the Company), to a third party or
parties with proceeds to the Company of not less than $200,000 (a “Next
Financing”).

Please acknowledge the Company’s acceptance of the terms of this letter
agreement by signing where indicated below.
Sincerely,

 
 
 
 
Trinad Capital Master Fund, Ltd.
 
 
 
 
 
 
 
By:
/s/ Jay Wolf

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Name: Jay Wolf
 
Title: Director
 
 

Acknowledged and agreed to:

Driftwood Ventures, Inc.
 
 
 
 
By:
/s/ Charles Bentz

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Name: Charles Bentz
 
 
Title: Chief Financial Officer
 

 
 
 

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