[vodafone.jpg]

 
27 February 2007

Waat Media Corporation (k/n/a Twistbox Entertainment, Inc.)
14242 Ventura
Suite 300
Sherman Oaks
CA 91356
United States of America

FAO: Justin Richardson
 
Dear Sirs,

FURTHER LETTER OF AMENDMENT OF CONTRACT BETWEEN WAAT MEDIA CORPORATION ("CONTENT
PROVIDER") AND VODAFONE UK CONTENT SERVICES LIMITED ("VCS")

The Content Provider and Vodafone Group Services Limited entered into a Master
Global Content Reseller Agreement dated 17 December 2004 ("Original
Agreement")and a content schedule dated 17 January 2005 ("Content Schedule").To
implement the Original Agreement and the Content Schedule in the UK, VCS signed
a Contract Acceptance Notice on 11 April 2005 (the Original Agreement, Content
Schedule and Contract Acceptance Notice together the "Contract").

On 25 February 2006 VCS entered into an agreement with the Content Provider
which provides that the Content Provider shall supply certain services to VCS
("Linking Agreement").The provision of such services by the Content Provider
necessitates certain amendments to the Contract. Also on 25 February 2006, VCS,
Vodafone Group Services and the Content Provider agreed by a letter ("the First
Amendment Letter") to make amendments to the Contract with effect from that
date, in respect of the relationship between the Content Provider and VCS in the
UK only. VCS and the Content Provider have now agreed to amend the Contract in
respect of the UK only as set out below:

1
Notwithstanding the date of this Letter, with effect from 1 January 2007, the
Content Provider will pay VCS a minimum revenue guarantee of [INFORMATION
OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE 24B-2] per month.
Once the Gross Revenue (i.e., the aggregate amount derived from both the
Original Agreement and the Linking Agreement) for a month exceeds [INFORMATION
OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE 24B-2], then the
Content Provider Revenue shall be [INFORMATION OMITTED AND FILED SEPARATELY WITH
THE COMMISSION UNDER RULE 24B-2] of the Gross Revenue in excess of such amount.
VCS and the Content Provider agree to discuss in good faith, between 1 April and
30 April 2007, whether these commercial terms are equitable and to adjust them
accordingly.

2
In return for the payment of the minimum revenue guarantee in 1 above, VCS will
additionally make available one dynamic module on the Vodafone Live! homepage to
the Content Provider between the hours of 10 p.m. each night and 6 a.m. the
following day for the Content Provider to promote the Content.

 
Vodafone UK Content Services Limited
Vodafone Content Services
Vodafone House, The Connection, Newbury, Berkshire RG14 2FN, England
Telephone: +44 (0)1635 33251, Facsimile: +44 (0)1635 686734
 
Registered Office: Vodafone House, The Connection, Newbury, Berkshire RG14 2FN,
England, Registered in England No. 4064826

 

--------------------------------------------------------------------------------

 
 

3
Save as varied by this Letter, the Contract shall continue in full force and
effect and in the event of any conflict between its terms and this letter the
terms of this letter shall prevail.

For the avoidance of doubt and unless otherwise provided in this Letter, the
capitalised terms in this Letter shall have the same meaning as provided in the
Contract.

Please confirm your agreement to this Letter by signing and returning the
enclosed copy.
 
Yours sincerely
 
 
/s/ Al Russell

--------------------------------------------------------------------------------

Al Russell
Head of UK Content & Messaging Services
E-mail: al.russell@vodafone.com

We hereby agree to the contents of this Letter.

 
[e10x22x1.jpg]

--------------------------------------------------------------------------------

EVP/ General Counsel
for and on behalf of
Waat Media Corporation (k/n/a Twistbox Entertainment, Inc.)
Dated: 28 February 2007
 
Vodafone UK Content Services Limited
Vodafone House, The Connection, Newbury, Berkshire RG14 2FN,
England
Telephone: +44 (0)1635 33251, Facsimile: +44 (0)1635 686181
 
Registered Office: Vodafone House, The Connection, Newbury, Berkshire RG14 2FN,
England, Registered in England No. 4064826
 
*WE HAVE REQUESTED CONFIDENTIAL TREATMENT OF CERTAIN PROVISIONS CONTAINED IN
THIS EXHIBIT. THE COPY FILED AS AN EXHIBIT OMITS THE INFORMATION SUBJECT TO THE
CONFIDENTIALITY REQUEST.*
 
2

--------------------------------------------------------------------------------