EXHIBIT 10.19
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[EARTH SEARCH SCIENCES, INC. LETTERHEAD]
August 24, 2001
Alpha Venture Capital, Inc.
Xxxxxx Xxxxxxxxx
Cook Islands
Attention: Xxxxx Xxxxxx, Director
Re: Common Stock Purchase Agreement
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Dears Sirs:
Reference is made to that certain Common Stock Purchase Agreement
between Alpha Venture Capital, Inc. ("Alpha") and Earth Search Sciences, Inc.
("Earth Search") dated as of May 23, 2001 (the "Agreement"). By way of
clarification, the covenant contained in Section 5.6 of the Agreement is
intended to cover transactions which affect the corporate existence of Earth
Search, including without limitation a sale of all or substantially all of the
capital stock or assets of Earth Search or a merger, acquisition or
consolidation involving Earth Search in which Earth Search is not the surviving
corporation. By way of further clarification, it is not the intention of Alpha
and Earth Search that Section 5.6 of the Agreement has been breached because
Earth Search has received a "going concern" qualification with respect to its
audited financial statements.
Please signify you acknowledgement of and agreement with the
foregoing the signing this letter where indicated and returning it to the
undersigned.
Sincerely,
EARTH SEARCH SCIENCES, INC.
/s/ Xxxx X. Xxxxxxx
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Name: Xxxx X. Xxxxxxx
Title: Chief Financial Officer
ACKNOWLEDGED AND AGREED:
ALPHA VENTURE CAPITAL, INC.
/s/ Xxxxx X. Xxxxxx
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Name: Xxxxx X. Xxxxxx
Title: President
