1
EXHIBIT 10.29
CONTINENTAL CAPITAL & EQUITY CORPORATION
SUITE 200
▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇.
▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
PHONE (▇▇▇) ▇▇▇-▇▇▇▇
FAX (▇▇▇) ▇▇▇-▇▇▇▇
December 15, 1999
▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇
▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇
▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
RE: LETTER OF UNDERSTANDING
Dear ▇▇. ▇▇▇▇▇▇▇:
This letter shall serve as a formal understanding between Continental Capital &
Equity corporation ("CCEC") and ▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ ("Company") amending Section 4
of the Client Service Agreement executed December 8, 1999, to include the
following terms:
(B) CCEC has an option to purchase from the Company two hundred
thousand (200,000) shares of the Company's common stock as follows: fifty
thousand (50,000) shares at a per share price of five dollars twenty five cents
($5.25); fifty thousand (50,000) shares at a per share price of six dollars
($6.00); fifty thousand (50,000) shares at a per share price of seven dollars
fifty cents ($7.50); and fifty thousand (50,000) shares at a per share price of
eight dollars ($8.00). The options shall expire 36 months from the execution
date of this agreement. The Company agrees to register the underlying shares
pursuant to the terms and conditions of the attached Registration Rights
Agreement.
To confirm that this is also your understanding, please sign in the space
provided below.
Sincerely,
CONTINENTAL CAPITAL & EQUITY CORPORATION
/s/ ▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇
Executive Vice President
Agreed this 15th day of December 1999.
▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇
/s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
-------------------------
▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
