Xxxxxxx.xxx, Inc.
February 28, 2005
Purisys, Inc.
000 Xxxxxx Xxxxxx
Xxxxxxx, XX 00000
Attn: Xxxxxx X. Xxxxxxx
Dear Xxxxxx,
Reference is hereby made to the Binding Letter of Intent dated December
15, 2004 (the "LOI") between Xxxxxxx.xxx, Inc. and Purisys, Inc. Capitalized
terms used herein not otherwise defined shall have the meanings ascribed to such
terms in the LOI.
In further continuation of the Transaction, due to unexpected delay in
consummating the Transaction, Purchaser is advancing Seller an additional
$170,000. Said amount shall be used by Seller to cover day-to-day operations,
finalize the purchase of 5,000 retail package units and commence the purchase
order for 5,000 wholesale package units. Seller agrees that these units and all
rights thereto, including without limitation, revenues from the sale of any such
units, shall be part of the Assets.
Purchaser and Seller agree that said sum of $170,000, plus the previous
amount of $120,000 paid to Seller pursuant to the LOI, shall be used to reduce
the amount of equity investments in Purchaser at the closing of the Transaction.
All other terms and provisions of the LOI shall be in effect.
XXXXXXX.XXX, INC.
By:/s/ Xxxx Xxxxx
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Xxxx Xxxxx, President
Xxxxxx and confirmed:
PURISYS, INC.
/s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx
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