Loan Settlement Agreement
I, Xxxxx Xxxxxxxx, hereby agree to accept 15,242 shares of Imedia (IMNL) stock
from Java Express as payment in full, including accrued interest of $612, for
my $6,860 in loans to the company. These loans consist of $4,510 made to
the company on May 7, 2004, $2,300 loaned to the company on June 7, 2004 and
$50 loaned to the company on September 17, 2004.
The Imedia stock at the time of this settlement is trading on the OTC Bulletin
Board at approximately $.75 per share and is therefore worth approximately
$11,000.
There are no other terms and conditions.
Agreed to this March 28th, 2005
/s/ Xxxxx Xxxxxxxx
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Xxxxx Xxxxxxxx
