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Document Preview Letter Agreement |
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Title: |
Letter Agreement |
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Entities: |
Bain & Co.; ICON Health & Fitness, Inc.; Ihf Capital Inc |
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Date: |
1996 |
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Size: |
Preview shows 1KB of 5KB total |
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Price: |
$30 |
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ID: |
#147106 |
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September 6, 1996
ICON Health & Fitness, Inc.
c/o Bain Capital, Inc.
Two Copley Place, 7th Floor
Boston, MA
Gentlemen:
The undersigned, Weider Publications, Inc. ("Publications"), hereby agrees
with you as follows:
During the period from the date hereof through September 6, 1998, if ICON
Health & Fitness, Inc. ("ICON") or any of its subsidiaries, provided that ICON
owns or controls 80% of the voting power of such subsidiary (such subsidiaries
referred to herein as the "Subsidiaries"), submits an insertion order to
Publications for advertising space in any U}S. or European magazines published
by Publications, Publications will offer a 40% discount (the "Discount") off the
specific magazine's 1X rate on its then current rate card to ICON for each year
in which: (i) in the case of magazines published by Publications in the United
States, ICON and its Subsidiaries shall have purchased (which shall mean the
advertising page ran in the specified magazine during the year), in the
aggregate, an annual minimum of $500,000 (U.S.) of advertising space in such
magazines or (ii) in the case of magazines published by Publications in Europe,
ICON and its Subsidiaries shall have purchased (as defined above), in the
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