EXHIBIT 10.13
[LOGO]
ENDLESS YOUTH
PRODUCTS, INC.
January 27, 1999
Xxxxx Xxxxx
0000 Xxxxxx Xxxxxx
Xxxxxxxxx Xxxxx, XX 00000
Dear Xxxxx,
This Letter Agreement memorializes our agreement with respect to your
assistance in securing financing for the Le Solution Derma System.
At the time Infomercial Development Services ("IDS") payment of at least
$100,000 to Xxxxx-Xxxxxx Productions, 5000 shares of Endless Youth Products,
Inc. stock shall be provided to you; such stock holds a May 1, 1999 sales
restriction. Additionally, you shall be provided 1 percent of net receipts
(defined as Gross Receipts, as provided in the agreement between IDS and
Endless Youth, minus the cost of product). Such percentage shall be paid 45
days after the end of each month. The 1 percent shall be paid until the
total of all payments equals $250,000; thereafter, no further moneys shall be
owed to you by Endless Youth Products.
I look forward to working with you on this project and many more.
Yours sincerely,
Endless Youth Products, Inc.
/s/ Xxxx X. Xxxxxxx
Xxxx X. Xxxxxxx
President
