EXHIBIT 10.4
Letter of Agreement
This letter of Agreement dated September 30, 1998 is between Hitcom Corporation
("Borrower") and Xxxxxxx Xxxxx and Xxxxx Xxxxx ("Lenders").
Whereas the Borrower has given the Lenders a Promissory Note dated May 29, 1998
for $165,000 ("Note"), and the current amount outstanding as of the date of this
agreement is $137,500.
Whereas the Lenders desire to forgive the Note in full.
Now Therefore in consideration of good and valuable consideration, the parties
hereto agree as follows:
The lender forgives the note owing from the Borrower effective the date of this
letter.
In Witness Whereof Borrower had caused this Agreement to be executed by its duly
authorized officer, and Lenders has executed this Agreement, on the date first
above written.
/s/ Xxxxx Xxxx
X. Xxxx, Chairman, HITCOM CORPORATION
/s/Xxxxx Xxxxx /s/Xxxxxxx Xxxxx
Xxxxx Xxxxx, Lenders Xxxxxxx Xxxxx, Lenders
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