EXHIBIT 10.18
Agreement dated as of September 29, 1999, between eSAFETYWORLD, Inc. and
Laminaire Corporation.
This letter amends the Asset Purchase Agreement dated August 20, 1999 in the
following manner:
o eSAFETYWORLD, Inc. agrees to guarantee the Laminaire Corporation
indebtedness to Xxxx, Inc., Xxxxxxxx Xxxxx, and The Texwipe Company
for the amount not to exceed $225,000. Any agreement made with respect
to these guarantees will be accounted for in the manner set forth in
the note agreements between Laminaire Corporation and eSAFETYWORLD,
Inc. dated August 20, 1999.
o There will be no management agreement between Laminaire Corporation
and eSAFETYWORLD, Inc.
o In recognition of Laminaire Corporation's current financial condition,
no covenant not to compete will be executed.
This is agreed to by:
Laminaire Corporation
/s/ Xxxxx Xxxxxxxx
---------------------------------
Xxxxx Xxxxxxxx
CFO
eSAFETYWORLD, Inc.
/s/Xxxxxx Xxxx
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Xxxxxx X. Xxxx
CEO
