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Exhibit 10.6
THE STATE OF TEXAS :
:
COUNTY OF JIM HOGG :
MEMORANDUM CONCERNING THE
TERMINATION OF THE DEVELOPMENT AGREEMENT
New Century Energy Corporation and Aquatic Cellulose
International
Corporation (together, the "New Century Group") and Strong
Petroleum Group,Inc.
("Strong")entered into a Development Agreement (the
"Development
Agreement")effective April 1,2005, covering the oil and gas
interest in the land
located in Jim Hogg County,Texas, more particularly described in
Exhibit "A"
("Contact Area"). The term of the Development Agreement has, as
of September 21,
2006, run. This memorandum represents an acknowledgement that:
(1) Strong did
not earn any interest in the Contract Area or any personal
property, equipment
and fixtures associated with the oil and gas operations on the
Contract Area;
and (2) given the Development Agreement's term is over, Strong
is not capable of
earning any interest in the future under that Development
Agreement.
Date:September 28, 2006.
NEW CENTURY ENERGY CORP. STRONG PETROLEUM GROUP. INC.
/s/ Edward R. DeStefano /s/ James S. Watt
By: Edward R. DeStefano James S. Watt
President President
AQUATIC CELLULOSE INTERNATIONAL CORP.
By: /s/ Sheridan B. Westgarde
Sheridan Westgarde
President
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