EXHIBIT 10.32
JMR Funding, Inc.
0000 X. Xxxxxxx Xxxx.
Xxxxx 000
Xx. Xxxxxxxxxx, XX 00000
November 4, 1996
Ocurest Laboratories, Inc.
0000 XXX Xxxx., Xxxxx 000
Xxxx Xxxxx Xxxxxxx, XX 00000
Gentlemen:
Reference is made to that certain Agreement made and entered into effective
November 15, 1995 which was executed on June 28, 1996 with respect to our
purchase and sale of your accounts receivable and finished goods inventory and a
loan to you of $524,000 (the "Agreement").
This confirms that for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, notwithstanding the provisions to
the contrary in Section 14 of the Agreement, JMR Funding, Inc. hereby agrees not
to terminate the Agreement on or before November 30, 1997.
Sincerely,
JMR Funding, Inc.
By: /s/ Xxxxxx X. Xxxxx
----------------------------------
Xxxxxx X. Xxxxx, Managing Director
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