EXHIBIT 10.4
Xxxx X. Xxxxxx
00000 Xxxxxxxxxx Xxxx
Xxxxxx Xxxxxx XX 00000
949/448 9810
xxxxxxxxxx@xxxxxxxx.xxx.xxx
April 30, 2000
Xxxxx Xxxxxxxxx, Chairman
Capco Energy, Inc.
0000 X. Xxxxxxx, Xxx.000
Xxxxxx, XX 00000
Dear Xxxxx:
This letter confirms that the arrangement between Capco Energy, Inc. and
subsidiaries ("Capco") and me regarding settlement of amounts owed to me for
services rendered to Capco during the period to May 1, 2000, is as follows:
The amount of $35,000 to be paid in 2 installments, being $10,000 on May 15,
2000, and $25,000 on June 30, 2000 respectively. Capco will also issue 5,000
shares of registered, fully paid, nonassessable common stock of Capco Energy,
Inc. Registration of such shares will take place via an S-8 Registration
statement to be filed by June 1, 2000.
Thank you for your agreement on this matter.
Sincerely,
/s/ Xxxx X. Xxxxxx
Xxxx X. Xxxxxx
