Exhibit 10.3
MUTUAL RELEASE
This Mutual
Release (the “Release”) is made and effective
[DATE],
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Wellington
Capital Management Inc .,
(the "First Party") whose address is, Centerville House, 4
th Floor, 2 nd Terrace West, Nassau, Bahamas, a Bahamas
corporation,
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Tiger
Renewable Energy Ltd., (the "Second Party") whose address is,
Sino Favour Centre, 1 On Yip
Street, Suite 1302, Chai Wan, Hong Kong , a
Nevada Corporation,
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NOW THEREFORE,
in consideration of the terms and covenants of this agreement, and
other valuable consideration, the parties agree as
follows:
TERMS
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The undersigned
hereby finally and irrevocably mutually release each other from all
liability to each other, and settle all actions and causes of
action against each other, for damages, loss or injury sustained by
either of them, however arising, present and future, known and
unknown at this time, relating to the Working Interest Purchase
and Sale Agreement entered into by both parties on the
29 th
day of January, 2009 con
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