Document:

25
      February 2006

     

    Waat
      Media Corporation 

    14242
      Ventura Blvd 

    Suite
      300

    Sherman
      Oaks 

    CA
      91423

    United
      States of America

     

    FAO
      Adi
      McAbian 

     

    Dear
      Sirs

     

    LETTER
      OF AMENDMENT OF CONTRACT BETWEEN WAAT MEDIA CORPORATION (“CONTENT PROVIDER”) AND
      VODAFONE UK CONTENT SERVICES (“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.

     

    We
      therefore write to confirm that the amendments set out below shall be made
      to
      the Contract with effect from the date of this Letter, in respect of the
      relationship between the Content Provider and VCS in the UK only.

     

    The
      following Special Conditions shall be added to the Content
      Schedule:

     

    
      	1.	
              The
                Content Provider Revenue shall be [INFORMATION OMITTED AND FILED
                SEPARATELY WITH THE COMMISSION UNDER RULE 24B-2]% of Net Revenue,
                less all
                the Deductions in respect of distribution of the
                Content.

            

    

     

    
      	2.	
              The
                Content Provider shall be the sole supplier of Adult Content in the
                Directory for the term of the Linking Agreement provided that VCS
                shall be
                entitled to place adult erotica content supplied by FHM, Maxim, 2dayuk
                and
                Filmnight within the Directory

            

    

     

    For
      the
      purposes of the Contract, Adult Content means any adult erotica content which
      is
      only accessible by Age Verified Customers, other than any adult erotica content
      supplied by FHM, Maxim, 2dayuk or Filmnight (“Adult
      Content”); and
      Age
      Verified Customers means a Customer
      which Vodafone Limited has verified as being 18 years of age or older, by means
      of its age verification process (“Age
      Verified Customer”).

     

    Vodafone
      Group Services Limited

    Vodafone
      House, The Connection, Newbury, Berkshire RG14 2FN, England

    Telephone:
      +44 (0)1635 33251, Facsimile: +44 (0)1635 580857, DX 30829 Newbury
      1

    Registered
      Office: Vodafone House, The Connection,
      Newbury, Berkshire RG14 2FN, England. Registered in England No.
      4064826

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	3.	
              In
                the event that the Content Provider breaches the Guidelines VCS shall
                be
                entitled to claim and receive from the Content Provider a liquidated
                damages payment equal to [INFORMATION OMITTED AND FILED SEPARATELY
                WITH
                THE COMMISSION UNDER RULE 24B-2] in respect of each instance in which
                a
                breach occurs (i.e. per incident and not per video/image) up to a
                maximum
                of [INFORMATION OMITTED AND FILED SEPARATELY WITH THE COMMISSION
                UNDER
                RULE 24B-2] in any month. The Content Provider shall pay the liquidated
                damages within fourteen days from demand by VCS of any or all of
                the
                liquidated damages under this Paragraph 3 or at its option VCS may
                set off
                the amount of the liquidated damages against
                any Content Provider Revenue due from VCS to the Content Provider.
                The
                amount of liquidated damages set out in this Paragraph 3 represents
                a
                genuine pre-estimate of the loss that it is anticipated VCS would
                suffer
                as a result of the breach.

            

    

     

    In
      the
      event that the liquidated damages amount to [INFORMATION OMITTED AND FILED
      SEPARATELY WITH THE COMMISSION UNDER RULE 24B-2] in [INFORMATION OMITTED
      AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE 24B-2] consecutive months,
      VCS may terminate the Contract on 30 days notice.

     

    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.

     

    We
      confirm that save as specified in this Letter the terms of the Original
      Agreement and any contracts entered into under the Original Agreement (other
      than the Contract between the Content Provider and VCS) remain
      unchanged.

     

    Please
      confirm your agreement to this Letter by signing and returning the enclosed
      copy.

     

    
      	 	 	 	 

    

    for
      and
      on behalf of

    Vodafone
      Group Services Limited

     

    We
      hereby
      agree to the contents of this Letter.

     

    
      	
              

            	 	 	 

    

    for
      and
      on behalf of

    Waat
      Media Corporation

     

    Dated:
      25
      February 2006

     

    We
      hereby
      agree to the contents of this Letter

     

    
      	
              /s/
                Al Russell

            	 	 	 

    

    for
      and
      on behalf of

    Vodafone
      UK Content Services Limited

    

      *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___
      August 2007

     

    Adi
      McAbian

    Waat
      Media Corporation

    14242
      Ventura Boulevard, 3rd Floor 

    Sherman
      Oaks, CA 91423 

    United
      States of America

     

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

     

    Dear
      Adi,

     

    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, as amended by the letters of amendment
      dated 25 February 2007 and 27 February 2007 shall together be referred to as
      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 (as
      amended by letters of amendment on 25 February 2007 and 27 February 2007, the
      “Linking
      Agreement”).
      VCS
      and the Content Provider have now agreed to amend the Contract and Linking
      Agreement in respect of the UK only as set out below:

     

    
      	1	
              Effective
                1 August 2007:

            

    

     

    
      	
            	1.1	
              With
                respect to the Contract, Content Provider shall receive [INFORMATION
                OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE 24B-2]%
                of the
                Net Revenue, less all Deductions in respect of distribution of the
                Content.

            

    

     

    
      	
            	1.2	
              With
                respect to the Linking Agreement, Content Provider shall receive
                [INFORMATION OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER
                RULE
                24B-2]% of Net Partnership Revenue.

            

    

     

    
      	2	
              Content
                Provider shall remain responsible for ensuring that the Code of Practice
                (as defined in the Linking Agreement) and Guidelines (as defined
                in the
                Linking Agreement) are adhered to and also the relevant content standards
                are maintained in their current format and shall ensure that the
                content
                of any third parties meets the same
                standards.

            

    

     

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

            

    

     

    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

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    For
      the
      avoidance of doubt and unless otherwise provided in this letter of amendment,
      the capitalised terms in this letter of amendment shall have the same meaning
      as
      provided in the Contract and Linking Agreement, as applicable.

     

    Please
      confirm your agreement to this letter of amendment by signing and returning
      the
      enclosed copy.

     

    Yours
      sincerely

    
      
        	
                 

                /s/
                  Bill Randall

                
                  

                

                Bill
                  Randall

              
	
                Head
                  of Commercial Partnerships 

                E-mail:
                  bill.randall@vodafone.com

              

      

      

      

    

    We
      hereby
      agree to the contents of this letter of amendment.

     

     

    
      	
              

              
                

              
for and on behalf of
	
              Waat
                Media Corporation

            

    

     

    Dated:

     

     

     

    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

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