EXHIBIT 10.4
RTP Inc. Office: 649 FIR STREET/P.O. BOX 838
Shipping: 609 APPLEGATE AVENUE
DRAIN, OREGON 97435
(541) 836-2320/ FAX (541) 836-2324
Reinforced Tank Products, Incorporated
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AGREEMENT TO COMPROMISE DEBT
FOR VALUE RECEIVED, Reinforced Tank Products, Inc. and Keith Therrien, its
Owner/President, the undersigned being a creditor of MariCulture Systems, Inc.
hereby enters into an agreement to compromise and reduce the indebtedness due
the undersigned on the following terms and conditions:
1. MariCulture Systems, Inc. and Reinforced Tank Products, Inc. acknowledge
that the present debt is $20,600 with interest to date.
2. The parties agree that Keith L. Therrien, Owner/President of Reinforced
Tank Products, Inc. shall accept 20,600 shares of MariCulture Systems, Inc.
common stock (par value $0.01 per share) as full and total payment on said
debt and in complete discharge of all monies presently due.
3. This agreement shall be binding upon and inure to the benefit of the
parties, their successors, assigns and personal representatives.
Signed this April 16, 1998
/s/ Keith L. Therrien
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Keith L. Therrien, President
Reinforced Tank Products, Inc.
/s/ David E. Meilahn
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David E. Meilahn, Director
Mariculture Systems, Inc.
