Agreement
This Agreement is entered into as of December 30, 1998, by and between Xxxxxxx
X. Xxx, III and Imaging Technologies Corporation ("ITEC").
ITEC is indebted to Xxxxxxx X. Xxx, III in the amount of $20,000 for accrued
legal fees at December 30, 1998.
In accordance with this Agreement, Xxxxxxx X. Xxx, III agrees to convert the
full amount of Twenty Thousand Dollars ($20,000) into Forty Thousand (40,000)
shares of ITEC Common Stock. These shares shall be made part of the next
registration statement to be filed by ITEC, which the Company expects to file by
March 31, 1999.
Xxxxxxx X. Xxx, III
/s/ Xxxxxxx X. Xxx, III
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Xxxxxxx X. Xxx, III
Imaging Technologies Corporation:
/s/ Xxxxx Xxxxx
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Xxxxx Xxxxx
Chief Executive Officer
