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EXHIBIT 99.2
NUMERITY CORPORATION
256 W EL CAMINO REAL, SUNNYVALE, CA 94087
To IN Media Corporation
4920 El Camino Real, Ste 100,
Los Altos, CA 94022
December 31, 2010
REF PAYMENT TERMS FOR AMOUNTS DUE TO NUMERITY
Gentlemen:
As at December 31, 2010 IN Media Corporation owed Numerity Corporation $467,000
in respect of consulting fees payable and $ 415,000 in respect of prepaid
license fees. Numerity recognizes that IN Media is not in a position to pay its
debts, nor will it likely be on a position to pay its debts to Numerity until
such time as it commences commercial shipments of its IP product offerings.
Accordingly, for no charge, Numerity will agree to extend the payment terms to
create a revolving and interest free debt due one year and one day from receipt
of payment request by Numerity.
Any additional advances from Numerity to IN Media will be considered on a case
by case basis subject to mutual agreement.
Sincerely
/s/ Nitin Karnik
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Nitin Karnik, President, Numerity Corporation
/s/ Simon Westbrook.
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Simon Westbrook, CFO, IN Media Corporation