0001038838-04-000028 Sample Contracts

Exhibit 10.08 Aradyme Development Corporation 677 East 700 South, Suite 201 American Fork, UT 84003 September 30, 2003 Kirk L. Tanner James R. Spencer Tanner Spencer Group Gentlemen: Pursuant to the terms and conditions of the Asset Purchase Agreement...
Conversion Agreement • January 30th, 2004 • Aradyme Corp • Air transportation, scheduled

Pursuant to the terms and conditions of the Asset Purchase Agreement dated August 2001 with Aradyme Development Corp., then known as Systems Research (the "Company"), the Company has an outstanding obligation to the Tanner Spencer Group in the principal amount of $105,456, plus interest as of September 29, 2003. In the hope that you will agree to convert all or a portion of such outstanding obligation to common stock of the Company, thereby reducing the Company's cash requirements, Aradyme Corporation hereby grants to you the right, exercisable at any time between December 1, 2003, and five days after the Company tenders payment of the balance due, to convert all or any portion of the principal of and interest on the outstanding amount payable to the Tanner Spencer Group as of the date of conversion into shares of common stock of the Company at $0.14 per share. In order to evidence the investment intent of the Tanner Spencer Group respecting the shares of restricted stock to be issued

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!