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Letter Agreement dated July 20, 1997 between
the Company and Xxxxx XxXxxx
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AQUAGENIX, INC.
0000 XXXXXXXXX 00xx XXXXXX
XX. XXXXXXXXXX, XXXXXXX 00000
Mr. Xxxxx XxXxxx
00 Xxxxxx Xxxx
Xxxxxxxx, XX 00000
Re: Aquagenix Letter Agreement
Dear Xxxxx:
As per our conversations of the past, Aquagenix, Inc. (the "Company") has agreed
to issue you 1,000 shares of Common Stock, par value $.01 per share, of the
Company (the "Shares") in return for services rendered and to be rendered as an
employee of the Company. The Shares shall be registered by the Company on a best
efforts basis using a Form S-8 or similar registration statement.
Upon receipt of this letter agreement, please sign or initial confirmation of
the above conditions.
Sincerely,
/s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx
Chairman & CEO
ACCEPTED AND AGREED TO
THIS 20TH DAY OF JULY, 1997:
/s/ Xxxxx XxXxxx
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Xxxxx XxXxxx
