JOINT DIRECTION TO RELEASE PLEDGED INTERESTS FROM ESCROW
EXHIBIT 10.11
JOINT DIRECTION TO RELEASE PLEDGED INTERESTS FROM ESCROW
July 30, 2010
John Holt Smith, Esq.
Smith & Associates
415 Stunt Rd.
Calabasas, CA 91302
Dear Mr. Smith:
Reference is made to that certain Stock Pledge and Escrow Agreement (the Agreement) dated April 1, 2010, by and between AMHN, Inc., a Nevada corporation (AMHN), Seatac Digital Resources, Inc. (Seatac) and Smith & Associates, pursuant to which Smith & Associates is holding in escrow a certain certificate representing shares of stock (the Pledged Interests) of AMHNs subsidiary, Americas Minority Health Network, Inc.
Notwithstanding anything to the contrary in the Agreement, the undersigned, AMHN and Seatac, hereby give this joint written instruction to Smith & Associates to deliver, as soon as practicable, from the escrow established pursuant the Agreement, share certificate number 7 representing 1,000 shares of common stock of Americas Minority Health Network, Inc. Upon delivery of the foregoing, the undersigned hereby release Smith & Associates from any further obligation under the Agreement. The undersigned further agree to indemnify and hold Smith & Associates harmless for any action taken in accordance with this joint written instruction.
Sincerely,
AMHN, INC.
/s/ Robert Cambridge | ||
By: |
| |
Robert Cambridge, Chief Executive Officer |
SEATAC DIGITAL RESOURCES, INC.
/s/ Robin Tjon | ||
By: |
| |
Robin Tjon, President | ||
Acknowledged and Agreed: |
AMERICAS MINORITY HEALTH NETWORK, INC.
/s/ Shaneeka James | ||
By: |
| |
Shaneeka James, Chief Executive Officer |