Exhibit 10.01
HISPANO TELEVISION VENTURES
0000 XXXXXXXX XXXXX, XXXXXX, XXXXX 00000
000-000-0000 000-000-0000 (FAX)
AGREEMENT
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TO WHOM IT MAY CONCERN:
This shall serve as a formal agreement between Xxxxxxx Xxxx and Xxxxxxxx X.
Xxxxxxx and Xxxxxx Xxxxxxxx (principal shareholders of Hispano Television
Ventures, Inc.) relative to stock disbursement.
AGREED that an account shall be established for the recovery of capital by the
principals. This account shall consist of 360,000 shares of stock which shall be
sold at the earliest possible date. The proceeds from 60,000 shares shall be
used to help retire IRS debts incurred by Xxxxxx Xxxxxxxx. All remaining
proceeds from the sale of this stock (60,000 shares) will be disbursed to Xxxxxx
Xxxxxxxx. The remaining 300,000 shares shall be used for partial capital
recovery of Xxxxxxx Xxxx and Xxxxxxxx X. Xxxxxxx.
This Agreement will not affect the original voting status of either party.
Xxxxxxx Xxxx and Xxxxxxxx X. Xxxxxxx and Xxxxxx Xxxxxxxx shall maintain equal
voting rights proportional to 1,360,000 shares.
Signed this 9th day of June , 1998.
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/s/ Xxxxxx Xxxxxxxx
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XXXXXX XXXXXXXX, President
/s/ Xxxxxxx X. Xxxxxxx
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XXXXXXX XXXX XXXXXXX, Vice President, CFO
/s/ Xxxxxxxx X. Xxxxxxx
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XXXXXXXX X. XXXXXXX, Secretary/Treasurer
