[R-TEC TECHNOLOGIES, INC. LETTERHEAD]
July 2, 1999
Xxxxxx Xxxxxx
00000 Xxxxxxx Xxxxx Xxxxxx
Xxxxxxx Xxxxx, Xxxxxxx 00000
Dear Xx. Xxxxxx:
This letter will confirm our conversation and agreement with regard to the
Promissory Note dated April 14, 1999 in the amount of $850,000.00 and Patent
Agreement dated May 10, 1999.
In the event that R-Tec Technologies, Inc. does not sell 625,000 shares
prior to January 10, 2000, you have agreed that R-Tec Technologies, Inc. may pay
sum due to you over a five (5) year payment with equal amortized payments at six
(6) percent.
If this letter reflects your understanding of our conversation please sign
below in the presence of a Notary Public and return a copy to our office.
Very truly yours,
/S/
XXXX X. XXXXX
V.P. and General Counsel
MMS/pg
Sworn to and subscribed I, Xxxxxx Xxxxxx, understand
before me this 6th day and confirm information
July, 1999. mentioned above.
_______________________ ________________________
A Notary Public of Xxxxxx Xxxxxx
the State of Florida
