EXHIBIT 10.23
AGREEMENT
THIS AGREEMENT, made and entered into this 18th day of August, 1998, by
and between Procura Financial Consulting, c.c., ("PFC") a closed corporation
registered in the Republic of South Africa, located at X.X. Xxx 00000, Xxxxxxxx
Xxxxx 0000 Xxxxx Xxxxxx and Environmental Remediation Holding Corporation
("ERHC"), 0000 Xxxxxxx Xxxxxx, Xxxxxxxxx, XX 00000.
For and in consideration of the sum of $10.00, and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the undersigned hereby agree as follows:
1. PFC hereby transfers, sells, and assigns to ERHC all its right,
title, and interest in and to certain rights and entitlement arising out of that
certain agreement dated July 29, 1997, titled Memorandum of Understanding
Between The Democratic Government of Sao Tome and Principe ("DRSTP") and
Environmental Remediation
Holding Corporation and Procura Financial Consulting, c.c.
2. ERHC agrees in consideration therefor, to issue a total of 1,000,000
shares of its common stock (restricted under Rule 144) within ten (10) days
hereof; and an additional 250,000 shares of which were earned as of May 1, 1997
and the balance of 750,000 of which shall be deemed earned and subject to
issuance effective as of the date of the agreement.
IN TESTIMONY WHEREOF, witness the signatures of the parties hereto.
Procura Financial Consulting, c.c.,
By: /s/ Xxxxxx XxXxxx
Environmental Remediation Holding
Corporation
By: /s/ Xxxxxx Xxxxxx
