Exhibit 1
September 10, 1996
NEWARK SALES CORPORATION
00 Xxxxxxxxx Xxxxxx
Xxxxxx
Xxxxxxx
Dear Subscriber:
We refer to the Private Placement Agreement between you and the Company dated
June 7, 1996 (the "Prior Agreement"). The Prior Agreement is hereby rescinded,
as if it had never been signed. You will promptly deliver to the Company, for
cancellation, all instruments which were delivered to you under the Prior
Agreement.
Concurrently herewith, the Company and you are entering into a Private
Placement Purchase Agreement dated as of this date and effective as of June 7,
1996 (the "New Agreement"). Amounts paid by you to the Company under the Prior
Agreement are deemed to have been returned to you by the Company and to have
been immediately reinvested by you as the full purchase price for securities
purchased by you under the New Agreement.
Please confirm your agreement with the foregoing by signing and returning the
enclosed copy of this letter.
ALL-COMM MEDIA CORPORATION
By_____/s/__________________
X. Xxxxxxx Xxxxxx
President
Agreed:
_____/s/_____________
By:
