Agreement
This Agreement is entered into as of December 30, 1998, by and between Xxxx
Xxxxxxxx and Imaging Technologies Corporation ("ITEC").
ITEC is indebted to Xxxx Xxxxxxxx in the amount of $10,000 for accrued expenses
and commissions at December 30, 1998.
In accordance with this Agreement, Xxxx Xxxxxxxx agrees to convert the full
amount of Ten Thousand Dollars ($10,000) into Twenty Thousand (20,000) 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.
Xxxx Xxxxxxxx
/s/ Xxxx Xxxxxxxx
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Xxxx Xxxxxxxx
Imaging Technologies Corporation:
/s/ Xxxxx Xxxxx
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Xxxxx Xxxxx
Chief Executive Officer
