Exhibit 10.15
AGREEMENT
This agreement ("Agreement") is made as of January 24, 2002, by and between
Xxxxxxx Xxxxxxxx (an "individual) and Remedent USA, Inc. (the "Company"):
1. Repayment of Liabilities to Individual and Related Parties
The parties hereby agree to the full satisfaction of the amounts due to
individual and related parties, as listed in Exhibit I, with the issuance of
shares of common stock in the Company at a price of $0.50/share, except as
below:
* Satisfaction of $63,000 of the indebtedness to individual shall be
repaid in cash at a rate to be determined at a future date.
Exhibit I
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Due to Related Parties
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KH/RI personal credit card 26,245
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Advance from CRA Labs (KH) 23,063
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Advance from KH 63,000 112,308
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Accrued Payroll
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KH/RI/RH payroll/payroll taxes 384,362 384,362
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Accrued Interest
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KH/RI on accrued payroll 35,933
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CRA Labs on advances 2,947 38,880
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$ 535,550
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