June 30, 2001 Mr. Andris Gravitis 288 Mary Street Oakville, Ontario L6K 3V4 Dear Mr. Gravitis: By letter agreement dated April 30, 2001, IVP Technology Corporation (the "Company") agreed to settle the amount outstanding to you for services rendered by...Settlement Agreement • July 23rd, 2001 • Ivp Technology Corp • Services-prepackaged software
By letter agreement dated April 30, 2001, IVP Technology Corporation (the "Company") agreed to settle the amount outstanding to you for services rendered by June 28, 2001, the terms of which you agreed to by countersigning that letter agreement. Since the date of that letter, the Company has not been able to secure financing or other funds to satisfy its compensation obligations to you in cash. Accordingly, as is the Company's right in that letter agreement, the Company hereby satisfies its outstanding compensation obligation to you by issuing 2,500,000 shares (the "Shares") of common stock registered on Form S-8 which shares are valued in the aggregate at approximately $200,000, based upon the closing bid price per share on June 28, 2001.
May 28, 2001 IVP Technology Corporation 54 Centre Place Mississauga, Ontario L4Z 1V9 Canada Re: Modification to Retainer Agreement ---------------------------------- Dear Mr. Maxwell: Please accept this letter as confirmation that IVP Technology...Retainer Agreement • July 23rd, 2001 • Ivp Technology Corp • Services-prepackaged software
