EXHIBIT 10.51
AGREEMENT
THIS AGREEMENT, made and entered into this 30th day of June, 1999, by and
between Dragons Forever, Ltd., a Bahamian corporation ("Dragons"), and NATIONAL
BOSTON MEDICAL, INC., ("NBM"), a Nevada corporation.
NOW THEREFORE, in consideration of the mutual promises, covenants and
conditions contained herein, and other good and valuable consideration, the
receipt and sufficiency of all of which is hereby acknowledged, it is agreed by
and between the parties as follows:
1. The Parties acknowledge that a transaction in the amount of $100,000.00
between Dragons and Xxxxxxx Xxxxxxxxx is currently outstanding. In addition
certain shares of stock held by Xxxxxxx Xxxxxxxxx are held in trust as
collateral to secure this indebtedness. The parties agree that these shares,
with the agreement of Xxxxxxx Xxxxxxxxx, shall be immediately released for sale
with any funds received to be applied against said indebtedness. Any remaining
outstanding indebtedness between said parties shall bear interest at ten percent
(10%) per annum until the outstanding principal has been paid in full. In the
event the sale of all stock held in trust is insufficient to satisfy the
indebtedness in full then NBM and Xxxxxxx Xxxxxxxxx shall be liable for the
balance, which shall be paid on or before 12 months from the date of this
agreement.
2. Dragons is entitled to 125,560 shares of the common stock of the Company at a
price of fifteen ($.15) cents per share for satisfaction of NBM's role
concerning Xxxxxxx Xxxxxxxxx and Dragons.
IN TESTIMONY WHEREOF, witness the signatures of the parties hereto.
DRAGONS FOREVER LTD. NATIONAL BOSTON MEDICAL, INC.
By: /s/ (illegible) By: /s/ Xxxxxx X Xxxxx
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