EXHIBIT 10.50
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HEARTSOFT LOGO
January 18, 2001
Xx. Xxxx Xxxxxxxxxx
LaMode Quality Cleaners
0000 Xxxx 00xx Xxxxxx
Xxxxx, Xxxxxxxx 00000
Dear Xxxx:
This brief letter will outline our agreement whereby you shall provide a
short-term loan in the amount of $60,000 for no more than seven days. In fact,
we expect that the loan shall be repaid late in the day on Monday or Tuesday,
January 22-23, 2001.
Under the terms of the loan, you shall receive ________ upon repayment as well
as ________ shares of Heartsoft, Inc. common stock.
The shares of common stock shall be restricted, but Heartsoft, Inc. shall agree
to include the shares in a SB-2 Registration Statement which is expected to be
filed on or around January 31, 2001. Upon approval of the registration statement
by the SEC which is expected to take approximately 90 days, the restrictive
legend on your _______ shares shall be lifted and the shares shall be eligible
for sale at such time.
Upon funding of the short-term loan, this agreement shall become the complete
and binding agreement of Heartsoft, Inc.
Warmest and most sincere regards,
/s/ Xxxxxxxx X. Xxxxx
Xxxxxxxx X. Xxxxx
CEO, Heartsoft, Inc.
