Special Acknowledgment Regarding Sale of Shares by Talk Visual Corporation to Howard Hacker

Contract Categories: Business Finance › Purchase Agreements
Summary

This document is a special acknowledgment from Howard Hacker to Talk Visual Corporation (TVCP) regarding TVCP's sale of 100 common shares and 500,000 preference shares in The Ontario International Property Corporation (TOIPC) to Howard Hacker. It confirms that, as of May 16, 2001, there is no debt owed by TVCP to TOIPC in connection with this transaction, as referenced in a Purchase Agreement dated May 10, 2001.

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EX-10.3 4 ex10-3.txt SPECIAL ACKNOWLEDGMENT EXHIBIT 10.3 SPECIAL ACKNOWLEDGMENT TO: Talk Visual Corporation FROM: Howard Hacker RE: Talk Visual Corporation ("TVCP") sale to Howard Hacker The sale by TVCP of 100 common shares and 500,000 preference shares in the capital of The Ontario International Property Corporation ("TOIPC") In connection with the above referenced sale and a Purchase Agreement dated May 10, 2001, the undersigned acknowledges that there is no indebtedness due from TVCP to TOIPC. DATED at Toronto, Ontario this 16th day of May, 2001. ) ) - ------------------------------ ) ----------------------------- Witness ) HOWARD M. HACKER