Exhibit 10.24
June 30, 2002
Mr. Xxxxxxx Xxxx
Xx. Xxxx Xxxxxxx
This letter will serve to confirm the agreement between Remedent USA, Inc.
(the "Company") and yourselves (the "individuals").
(1) Individuals hereby agree to the receipt of 39,918 shares of the Company's
common stock in full repayment of the $19,959, representing a portion of
the accrued salary due to individuals as of the date of this agreement, as
denoted below.
(2) The Company hereby agrees to file for registration on an SB-2 Registration
Statement, the shares of common stock outlined in (1) above.
The above-mentioned terms are agreed upon on this day, by the following:
/s/ Xxxxxxx X. Xxxx /s/ Xxxxxxx X. Xxxx /s/ Xxxx Xxxxxxx
------------------------ --------------------- --------------------------
Xxxxxxx X. Xxxx X. Xxxx X. Xxxxxxx
Chief Financial Officer Individual Individual
Remedent USA, Inc.
Xxxxxxx Xxxx $14,805 29,610 shares
Xxxx Xxxxxxx $5,154 10,308 shares
