Exhibit 10.82
January 6, 2004
Xx. Xxxxx X.X. Xxxxx
President
SDR Metro
00000 Xxxxxxxx Xxxx
Xxxxxx, XX 00000
Dear Xxxxx:
This is to confirm our agreement to extend the $600,000 payment due described in
the Note between Radio Metrix Inc. and SDR Metro Inc. dated January 8, 2002 (the
"Note"). Payment in full of the $600,000 will now be due on February 9, 2004.
This change in the required date of payment does not alter or extend our 180 day
period for right of redemption (described in the Remedy Upon Default Agreement
dated January 8th, 2002) -- in other words the "clock starts ticking" on the
right of redemption period on January 9, 2004.
However, if SDR Metro receives $250,000 from us by February 8th, 2004 or
earlier, you will accept that as full and final payment of the Note.
As mentioned to you last night, we invite Xxxxx Xxxxx to visit us in the next
few weeks here in Sarasota so that we can have a "brainstorming" session with
our team (on our nickel). Based upon my dinner discussion with Xxxxx, I think
that he could help to significantly accelerate and expand Invisa's development
efforts. While we did not have the chance to delve into specifics, I hope that
Xxxxx would want to work with us as a paid consultant. We should finalize
compensation arrangements in our first meeting.
Agreed and Accepted,
By: /s/ Xxxx X. Xxxxxx By: /s/ Xxxxx X.X. Xxxxx
-------------------------- -------------------------
Xxxx X. Xxxxxx Xxxxx X.X. Xxxxx
President and CEO President
Xxxxxx, Inc. (parent company of SDR Metro, Inc.
Radio Metrix)
/s/ Xxxxxxx X. Xxxxx 1-07-04 /s/ Xxxxxx X. Xxxxxxxx
Xxxxxxx X. Xxxxx Xxxxxxxxx County
MY COMMISSION # DD092635 EXPRESS Expires 10/23/11
April 30, 2006
BONDED THRU XXXX XXXX INSURANCE, INC.
