Dear shareholder,

The debenture will be payable at 12% interest per year, paid semi-annually. Each Debenture will be convertible into the Debenture holder's choice of

(a) units of Intertainment at a conversion price of $0.175 per Unit with each Unit consisting of one common share and one common share purchase warrant, such Warrant having an exercise price of $0.22 and being valid for two years from the date of conversion of the debenture into shares of Intertainment Media Inc., or

(b) common shares of Itibiti Systems upon the occurrence of a Liquidity Event (as defined below) whereby each $0.70 of principal amount outstanding under the Debentures can be converted into one Itibiti Share. The Debentures issued are subject to a hold period which expires February 23, 2010.

A Liquidity Event is the occurrence of an event whereby Itibiti Systems is listed for trading on a public stock exchange or whereby substantially all of the assets or securities of Itibiti Systems are sold or amalgamated.

Regards,

AGORACOM Investor Relations