Exhibit 10.18
May 1, 2002
Mr. Xxxx Xxxxxx
Xxxxxx Xxxxx LLP
000 X. Xxxxxx Xxxxxx
Xxxxxx Xxxxx, XX 00000
Xx. Xxxxxx:
This letter will serve to confirm the agreement between Remedent USA, Inc.
(the "Company") and Xxxxxx Xxxxx LLP ("Xxxxxx Xxxxx").
(1) Xxxxxx Xxxxx, which served as the Company's independent accountants through
the fiscal year ended March 31, 2001, hereby agrees to the receipt of
150,000 shares of the Company's common stock in full repayment of the
professional services rendered, $32,650 plus any and all finance charges,
incurred through the date of this agreement .
(2) The Company hereby agrees to file for registration on an S-8 Registration
Statement, the shares of common stock outlined in (1) above.
The above-mentioned terms are agreed upon on this day, by the following:
/s/ Xxxxxxx X. Xxxx /s/ Xxxx Xxxxxx
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Xxxxxxx X. Xxxx Xxxx Xxxxxx
Chief Financial Officer Xxxxxx Xxxxx LLP
Remedent USA, Inc.
