EXHIBIT 10.11
March 31, 2001
Xxxxx Xxxxxxxx, President
TelVue Corporation
00000 Xxxxxxx Xxx, Xxxxx 000
Xx. Xxxxxx, XX 00000
Dear Xxxxx:
At your request, this will continue our prior agreement. Namely,
absent any default under the terms of my loans to TelVue or any other
obligations of TelVue to any other person, including, without limitation,
any voluntary or involuntary bankruptcy or insolvency proceedings by or
against TelVue, I agree not to demand repayment of the loans or payment in
cash of the accrued interest prior to January 1, 2003.
Very truly yours,
/s/X X Xxxxxxx
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H.F. (Xxxxx) Xxxxxxx