Loan Agreement, dated September 21, 2001
Exhibit 10.5
Loan Agreement, dated September 21, 2001
REMEDENT USA, INC.
September 21, 2001
Xx. Xxxx Xxxxxxx
C/O Xx. Xxxxxxxx X. Marine
000 00xx Xxxxxx
Xxxxxxxxx Xxxxx, XX 00000
Dear Xx. Xxxxxxx:
This letter will serve to confirm the agreement between Remedent USA, Inc. (the “Company”) and yourself (the “advisor”).
(1) The advisor will receive 100,000 fully vested options. These options will carry a strike price of $0.10 per share, and will be provided as compensation for investor relations services to be provided by the advisor. As such, these options will be registered through the filing of an S-8 and will be fully registered as advisor compensation.
The above-mentioned terms are agreed upon on this day, by the following:
/s/ Xxxxxxx X. Xxxxxxxx |
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/s/ Xxxxxxx X. Xxxx |
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/s/ Xxxx Xxxxxxx |
Xxxxxxx X. Xxxxxxxx |
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Xxxxxxx X. Xxxx |
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Xxxx Xxxxxxx |
Chief Executive Officer |
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Chief Financial Officer |
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Advisor |
Remedent USA, Inc. |
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Remedent USA, Inc. |
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00000 XXXXXXX XXXX..XXXXX 000 • XXXXXX, XX • 91316
PHONE: (000) 000-0000 • FAX: (000) 000-0000