Exhibit 10.9
July 23, 2002
Xx. Xxxxxxxx X. Marine
000 00xx Xxxxxx
Xxxxxxxxx Xxxxx, XX 00000
Dear Mr. Marine:
This letter will serve to confirm the agreement between Remedent USA, Inc.
(the "Company") and yourself (the "lender").
(1) 90 days from date of funding (September 21, 2001), at the Company's sole
discretion, the lender will receive its then full indebtedness of $150,000
USD in either cash or sufficient registered shares of the Company's common
stock, calculated at the then current market price of the stock.
(2) The lender will receive 250,000 fully vested options. These options will
carry a strike price of $0.10 per share, and will be provided as
compensation for investor relations services to be provided by the lender.
As such, these options will be registered through the filing of an S-8 and
will be fully registered as advisor compensation.
The above-mentioned terms are agreed upon on this day, by the following:
/s/ Xxxxxxx X. Xxxxxxxx /s/ Xxxxxxx X. Xxxx /s/ Xxxxxxxx X. Marine
----------------------- ------------------- ----------------------
Xxxxxxx X. Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxxx X. Marine
Chief Executive Officer Chief Financial Officer Lender
Remedent USA, Inc. Remedent USA, Inc.
