Exhibit 10.59
December 10, 1999
Xx. Xxxxx Xxxxxxxxx
000, Xxxxxxx Xxxx Xxxxx #00
Xxxxxxx Xxxxxxx, XX 00000
RE: MODIFICATION OF CONSULTANCY AGREEMENT MADE ON JUNE 7,1999.
Dear Xxxxx,
This letter is confirmation of our agreement concerning the further
modification of your Consulting Agreement as amended on June 7, 1999 and
forgiveness of all unpaid monies due under this Agreement. In consideration
for this forgiveness, the company hereby grants you warrants to purchase
150,000 shares of Common Stock at a per share price of $3.4275 for a one (1)
year period from the date of this letter.
We take this opportunity to express our sincere gratitude for your guidance
and services to the Company.
Sincerely, Accepted and Agreed To:
/s/ Xxxxxxx X. Xxxx /s/ Xxxxx X. Xxxxxxxxx
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Xxxxxxx X. Xxxx Xxxxx Xxxxxxxxx
President and CEO December 23, 1999
