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Affinity Media International Corp. Executes Amendment to Merger Agreement with Hotels At Home, Inc.

Tuesday 15. January 2008 - Affinity Media International Corp. ("Affinity Media"), a special purpose acquisition company, today announced that it has executed an amendment to its July 24, 2007 Merger Agreement with Hotels At Home, Inc. ("Hotels At Home"), an industry leading publisher of in-room retail catalogues and hotel-branded e-commerce Web sites for luxury hotels and resorts worldwide.

Pursuant to the Amendment, the shares of Affinity common stock payable to the Hotels At Home Stockholders at the closing of the Merger have been reduced from 3,509,203 shares of Affinity common stock to 2,456,571 shares of Affinity common stock. In addition, the parties have agreed to an earn-out provision whereby if Hotels At Home satisfies certain established net income levels for each of the fiscal years ended December 31, 2008, 2009 and 2010, the Hotels At Home Stockholders will earn up to 1,500,000 shares of Affinity common stock. In the event that the Hotels At Home Stockholders do not earn, in the aggregate, 1,000,000 Earn-out Shares, then Affinity shall cause the founding stockholders of Affinity to transfer to the Hotels At Home Stockholders an aggregate of 500,000 shares of Parent Common Stock, on a pro-rata basis. In addition, the annual performance bonus payable to each of the Hotels Stockholders pursuant to their respective Employment Agreements has been reduced from 100% of their Base Salary (as that term is defined in the Employment Agreements) to 50% of the Base Salary for each year of the term of such Employment Agreement. Further, the Hotels At Home Stockholders have agreed to increase the twelve month lockup of shares of common stock issuable to them in the Merger to a period of eighteen months. The terms of the Amendment are more fully described on a Current Report on Form 8-K filed with the Securities and Exchange on January 14, 2008.

http://www.affinitmedia.com
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