Xxxxxxx Xxxxxxxx
0 Xxxxxx Xx., #00
Xxxxxxxxxx, XX 00000
Dear Xxxxxxx:
This letter confirms the understanding between you and GTC Telecom Corp. that
you are to be issued 10,000 shares of GTC Telecom Corp. common stock pursuant to
Regulation D with registration rights. These shares are issued to you, in lieu
of cash, as payment against $15,000 for consulting services related to web and
internet services that you provided to GTC. These shares of stock are granted
in full satisfaction of all sums due and owing to you from GTC Telecom Corp. for
said consulting services.
Please sign this letter confirming your understanding of the agreement.
Sincerely,
/s/ Xxxxxx XxXxxxxx
___________________________ /s/ Xxxxxxx Xxxxxxxx
Xxxxx XxXxxxxx __________________________________
CFO Xxxxxxx Xxxxxxxx
GTC Telecom Corp.
