EXHIBIT 10(x)
Agreement Canceling Underwriters's Consulting Agreement
TERMINATION AGREEMENT
THIS AGREEMENT made and entered into this day of September, 1998 by,
between and among XETAL, INC., a corporation organized under the State of Utah
with offices at 0000 Xxxxxxxxx Xxxx, Xxxxxxxxx, Xxx Xxxx 00000 hereinafter
called "Xetal" and XXXXXX XXXXX CAPITAL CO., INC. a corporation organized under
the laws of New York having its principal offices at 00 Xxxxxxx Xxxx, Xxxxxx
Xxxx, Xxx Xxxx 00000 hereinafter referred to as "Xxxxxx."
W I T N E S S E T H
WHEREAS the parties have hereunto previously entered into a consulting
agreement wherein Xxxxxx was to provide financial and other consulting services
for Xetal and the parties now desire to terminate such agreement;
NOW THEREFORE in consideration of the mutual covenants and agreements
hereinafter set forth and for other good and valuable considerations, the
parties mutually agree as follows:
1. Termination of Agreement. The parties hereby mutually agree to
terminate the Consulting Agreement previously entered into between them and
hereby declare said agreement to be null and void and of no further effect..
2. No Liability. The parties hereby mutually agree that no party
shall be liable to the other party for any debt, obligation, fee or performance
of any service arising from said Agreement.
IN WITNESS WHEREOF the parties have set their hands and seals the year and date
first above written.
XETAL, INC.
By_______________________
XXXXXX XXXXX CAPITAL CO., INC.
By________________________