Re: Management and Administrative Services Agreement dated April 1, 2004 (the "Agreement")
| Xxxxxx Enterprises, Inc. 0000 Xxxx Xxxxxx Xxxxxx, Xxxxx 000, Xxx Xxxxx, Xxxxxx, XXX 00000 |
September 1, 2004
PRIVATE AND CONFIDENTIAL
Xxxxxx Xxxxx,
President
Angus Consulting Inc.
0000 Xxxxxxxxx Xxxxx
Xxxxx Xxxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxx
Dear Xxxxxx:
Re: Management and Administrative Services Agreement dated April 1, 2004 (the "Agreement")
We confirm our agreement with Angus Consulting Inc. ("Angus Consulting") whereby Angus Consulting has agreed effective as of September 1, 2004 to defer payment of the outstanding unpaid consulting fees under the Agreement that have accrued to September 1, 2004 and the payment of the ongoing consulting fee of $900 per month accruing after September 1, 2004 until such time as we are able to achieve sufficient financing that would enable us to pay these amounts without adversely impacting our ability to continue our business operations.
Yours sincerely,
/s/ Xxxxxx X. Xxxxx
Xxxxxx X. Xxxxx
Agreed effective as of the 1st day of September, 2004.
ANGUS CONSULTING INC.
Per: /s/ Xxxxxx X. Xxxxx
Xxxxxx
X. Xxxxx
President
