Exhibit 10.12
Interactive Xxxxxxxxxxxx.xxx, Ltd.
000 Xxxx Xxxxxxxx Xxx Xxxxx 000
Xxxxxx Xxxxx, Xxxxxxx 00000
June 7, 2000
Xx. Xxxx X. Xxxxx
Xxxx Enterprises, Inc.
00 X.X. 6th Avenue
Delray Beach, Florida 33483
Dear Xx. Xxxxx:
In consideration for our issuance to you of the enclosed option to purchase
400,000 shares of our common stock, you hereby agree to cancel the attached
agreement, dated January 27, 2000, pertaining to our obligation to pay
compensation to you in our PIPE transaction.
Please acknowledge your agreement to the foregoing, and your receipt of the
enclosed option, by executing and returning the enclosed copy of this letter,
Very truly yours,
Interactive Xxxxxxxxxxxx.xxx, Ltd.
By:_______________________________
Xxxxxxx X. Xxxxxx, CEO
Agreed:
Xxxx Enterprises, Inc.
By:_______________________________
Xxxx X. Xxxxx, President