EXHIBIT 10.3
PETHEALTH SYSTEMS, INC.
0000 XXXXX 0, 0XX XXXXX
XXXXXXXX, XXX XXXXXX 00000
(000) 000-0000
January 21, 2000
LP Records, Inc.
000 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxxxxx Xxxxxxxxx, President
Re: LP Records, Inc.
Dear Xx. Xxxxxxxxx:
The following sets forth the terms of the Share Purchase Agreement between
PetHealth Systems, Inc. ("PetHealth") and LP Records, Inc.("LP Records")
1. PetHealth agrees to pay to LP Records the sum of $7,500.00 for the purchase
of ten (10%) percent of the issued and outstanding common shares of LP
Records.
2. Upon the receipt of $7,500.00, LP Records will tender the common shares
from treasury to PetHealth.
3. All Notices, requests and instructions hereunder shall be in writing and
delivered to each party at the addresses set forth above or to such other
address as may from time to time be designated by a party hereto.
4. In the event that any term, covenant, condition, or other provision
contained herein is held to be invalid, void or otherwise unenforceable by
any court of competent jurisdiction, the invalidity of any such term,
covenant, condition, provision or Agreement shall in no way affect any
other term, covenant, condition or provision or Agreement contained herein,
which shall remain in full force and effect.
5. This Agreement contains all of the terns agreed upon by the parties with
respect to the subject matter hereof. This Agreement has been entered into
after full investigation.
6. This Agreement shall be construed in accordance with and goverened by the
laws of the State of New Jersey applicable to agreements made and to be
performed within the State of New Jersey without giving the effect to the
conflict of law principals thereof.
7. No amendments or additions to this Agreement shall be binding unless in
writing, signed by both parties, except as herein otherwise provided.
8. Neither party may assign nor delegate any of its rights or obligations
hereunder without first obtaining the written consent of the other party.
Please sign below to acknowledge the terms of this Agreement.
Very truly yours,
PETHEALTH SYSTEMS, INC.
By: /s/ Xxxxxxx X. Xxxxxx
---------------------
XXXXXXX X. XXXXXX
ACCEPTED AND AGREED BY:
LP Records, Inc.
By /s/ Xxxxxx Xxxxxxxxx
XXXXXX XXXXXXXXX
