EXHIBIT 10.1.4
XXXXXX XXXX INVESTMENTS, INC.
0000 Xxxxxxx 00 Xxxx
Xxxxx 000-000
Xxxxxxxxxxx, XX 00000
000-000-0000
August 10, 2001
Xx. Xxxxxx X. Xxxx
Small Town Radio, Inc.
00000 Xxxxxxxxx Xxxxxxx, Xxxxx 000
Xxxxxxxxxx, Xxxxxxx 00000
Dear Xx. Xxxx:
Xxxxxx Xxxx Investments, Inc. (Company) and Small Town Radio, Inc. (STRI) have
executed the First Amendment to the First Amended Xxxxxx Xxxx Investments, Inc.
Consulting Agreement that terminated the consulting agreement. At this time,
STRI owes the Company a total of $280,000, some of which dates back well over a
year.
STRI has offered to pay a portion ($240,000) of this balance in common stock of
Worldwide Petromoly, Inc. (MOLY).
Xxxxxx Xxxx Investments, Inc. hereby agrees that upon delivery of a total of
1,690,141 shares of MOLY to Xxxxxx Xxxxxxxx, Xxxxx Xxxxxxxxxx and Xxxxxxx Xxxxx,
$240,000 of the outstanding balance will have been paid in full and STRI's
remaining liability to the Company as of August 10, 2001 will be $40,000.
Xxxxxx Xxxx Investments, Inc.
/s/ Xxxxxx Xxxxxxxx
Xxxxxx Xxxxxxxx
President
