27 April 1999
Mr. Tom Maxfield
Marsden Hall
Lizard Lane
Marsden
Tyne & Wear
NE34 7AD
Dear Tom
Further to our discussions last week, I would like to confirm the following:
The company is holding bi-monthly meetings this year. The next meeting is on 20
May 1999. I will send through a pack before the meeting.
Remuneration for your services is suggested at 10,000 ordinary shares in Invu
Inc. plus expenses. In addition, during 1999, we will be implementing a share
option scheme, and I suggest that a further 20,000 are reserved for you.
As a consequence of Colorado Law it is not possible for ordinary shares to be
issued to any party for services which have not yet been performed. Therefore,
we could agree that the shares are in consideration of services to be performed
over the next, say, six months, and issued to you at that time.
I hope this is satisfactory. If you would send me a note signifying this
together with the questionnaire, I will organize the appropriate documentation.
Yours sincerely
/s/ David Morgan
DAVID MORGAN
Chief Executive
