EXHIBIT 4.19
GLOBALTEX INDUSTRIES INC.
#000 - 000 XXXXXXX XXXXXX
XXXXXXXXX, X.X. X0X 0X0
August 2, 2002
Xxxxxx Xxxxxxxx
0000 - 0000 Xxxx Xxxxxxxxx
Xxxxxxxxx, X.X.
X0X 0X0
Dear Xxxxxx:
Debt Settlement Agreement
We hereby offer to settle a total of $55,000 of the outstanding indebtedness to
you as at August 2, 2002 of Globaltex Industries Inc. (the "Company") by way of
the issuance of 100,000 Common shares in the capital stock of the Company at a
deemeed price of $0.55 per share. This transaction is subject to acceptance for
filing by the TSX Venture Exchange and as such agree to sign such documentation
in connection with the debt settlement as may be required by the TSX Venture
Exchange.
If the foregoing meets with your approval, please sign three copies of this
letter where indicated and return them to us. Your share certificate will be
forwarded to you following acceptance for filing of the transaction by the TSX
Venture Exchange.
Yours truly,
GLOBALTEX INDUSTRIES INC.
Per:
"Xxxx Xxxxxx"
Xxxx Xxxxxx, President
AGREED AND ACCEPTED AS OF
THE 6th DAY OF AUGUST, 2002.
"Xxxxxx Xxxxxxx"
XXXXXX XXXXXXXX
