Re: Subscription Agreement and Underlying Promissory Note
To Whom It May Concern:
This letter is being executed to 1.) memorialize the undersigends'
monies due and owing pursuant to the Secure Installment Promissory Note executed
by Xxxxxx X. Xxxxxx on July 21, 1998 whereby Xxxxxx X. Xxxxxx agreed to deliver
five hundred thousand dollars ($500,000) in four equal installments of one
hundred twenty five thousand dollars ($125,000.00) each.
AquaClara Bottling and Distribution Inc. acknowledges that Xxxxxx X.
Xxxxxx has delivered one hundred twenty-five thousand dollars ($125,000.00). Xxx
Xxxxxx acknowledges that in exchange for the one hundred twenty-five thousand
dollars ($125,000.00) delivered to AquaClara that one hundred twenty five
thousand (125,000) shares of AquaClara common stock have been issued and
delivered to him as a private purchaser.
Xxxxxx X. Xxxxxx acknowledges that by delivery of said one hundred
twenty-five thousand (125,000) shares of AquaClara common stock all obligations
pursuant to the Subscription Agreement have been fully satisfied. Xxxxxx X.
Xxxxxx claim no further right to additional shares of AquaClara common stock and
AquaClara, by cancellation of the secured installment promissory note,
relinquishes all right or claim to additional monies owed by Xxxxxx X. Xxxxxx.
AquaClara Bottling and Distribution, Inc. and Xxxxxx X. Xxxxxx hereby
cancel all future
obligations pursuant to the Subscription Agreement and Secured Installment
Promissory note
dated July 21, 1998.
Dated:
AquaClara Bottling and Distribution, Inc.
By: Xxxx X. XxXxxx, President
Dated:
Xxxxxx X. Xxxxxx
Re: Subscription Agreement and Underlying Promissory Note
To Whom It May Concern:
This letter is being executed to 1.) memorialize the undersigneds'
agreements and 2.) to
formally notify the SEC regarding these agreements.
By this document, AquaClara relinquishes all right or claim to any
future monies due and owing pursuant to the Secure Installment Promissory Note
executed by Xxxxxx X. Xxxxx on July 21, 1998 whereby Xxxxxx X. Xxxxx agreed to
deliver five hundred thousand dollars ($500,000.00) in four equal installments
of one hundred twenty-five thousand dollars ($125,000.00) each.
AquaClara Bottling and Distribution, Inc. acknowledges that Xxxxxx X.
Xxxxx has delivered one hundred twenty-five thousand dollars ($125,000.00).
Xxxxxx X. Xxxxx acknowledges that in exchange for the one hundred twenty-five
thousand dollars ($125,000.00) delivered to AquaClara, that one hundred twenty
five thousand (125,000) shares of AquaClara common stock have been issued and
delivered to him as a private purchase.
Xxxxxx X. Xxxxx acknowledges that by delivery of said one hundred
twenty-five thousand (125,000) shares of AquaClara common stock all obligations
pursuant to the Subscription Agreement have been fully satisfied. Xxxxxx X.
Xxxxx claim no further right to additional shares of AquaClara common stock and
AquaClara, by cancellation of the secured installment promissory note
relinquishes all right or claim to additional monies owed by Xxxxxx X. Xxxxx.
AquaClara Bottling and Distribution, Inc. and Xxxxxx X. Xxxxx hereby
cancel all future
obligations pursuant to the Subscription Agreement and Secured Installment
Promissory note
dated July 21, 1998.
Dated:
AquaClara Bottling and Distribution, Inc.
By: Xxxx X. XxXxxx, President
Dated:
Xxxxxx X. Xxxxx
