This supplementary agreement is made on the 11 th day of August, 2004 by and between
1. Beate Uhse AG , Gutenbergstrasse 11, D-24941, Flensburg, duly represented by its CFO Otto Christian Lindemann and its
procurator Mrs Gesa Münzmaier, hereinafter referred to as “Beate Uhse” and or “Lender”
2a. Private Media Group Inc. , established at USA, 3230 Flamingo Road, Suite 156, Las Vegas, Nevada 89121, duly represented
by Johan Gillborg, and its subsidiary companies:
2b. Private Benelux BV , established at the Netherlands, 5084 PS Best, De Dintel 18-20, duly represented by its director Johan
2c. Peach Entertainment Distribution AB , established at Sweden, Starrbacksgatan 3, 17223 Sundbyberg, duly represented by
hereinafter referred to as “Private” and or “Borrower”
Private and Beate Uhse concluded an agreement on 11 December 2002 pursuant to which Beate Uhse, as the Lender, has
granted Private, as the Borrower, a loan amounting to US $ 3 million, which was repayable at the latest by 13 December 2003
(“the Original Agreement” or “the Agreement”).
The parties hereby confirm and agree that the Agreement is amended in accordance with the terms stipulated in this agreement.
Have agreed as follows:
1.1 The Lender hereby agrees to continue the loan of 3 million $ to the Borrower. The loan is repayable ultimately on 31-12-2005.
As of 30-06-2004, the Loan Amount has been reduced to US $ 2.246.046,35, including accrued interest, after giving effect to the
setoff of receivables due from Beate Uhse or certain of its subsidiaries to Private or certain of its subsidiaries, as described in
Schedule One to this Agreement.
1.2 The Borrower shall be entitled to prepay the Loan in whole at any time, or in part from time to time, without premium or
penalty provided the Borrower announces these payments a month in advance and the amount of the repayments shall