DIGITAL VIDEO DISPLAY 0 XXXXXX XXXXX
TECHNOLOGY, INC. ROLLING HILLS ESTATES, CA
90274
May 30 2001
0 Xxxxxxxxxx
Xxxxxxx, Xxxxxxxxxxx
Dear Xxxx:
This letter is to confirm the conversations and agreement we have had to allow
the Company to issue 30 Million shares, at the approximate market price of
$.007, to you to retire $210,000.00 in debt that is owed to you individually on
the line of credit. The Company will then file a registration statement to
register the shares to be free trading, and you will have the right to be
appointed to the Board of Directors as we agreed. You will have the right to
come onto the Board for 2 years from the date of this letter, and to serve for a
term of one year.
Sincerely,
/s/XXXXX XXXXXX
Xxxxx Xxxxxx
President
