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AGREEMENT
AGREEMENT made as of the 22 day of October, 2007, by
and between:
Michael
Raleigh with an address at 4400 Route 9, #1000, Freehold,
New Jersey 07728 (" SELLER ");
and
Won Bum
Lee, as purchaser with an address
at 15044 Ocaso Avenue, La Mirada, California 90638 (
"PURCHASER" ).
R E C I T A L S :
FIRST, SELLER is the owner of 100,000
shares of common stock of Thermal Technology Services, Inc.,
a Delaware corporation ("Thermal Technology
Services").
SECOND, SELLER desires to sell all
100,000 of his issued and outstanding shares in Thermal
Technology Services to PURCHASER in
consideration of the following.
NOW, THEREFORE, in consideration of the foregoing and
of the mutual covenants and agreements hereinafter set forth,
the parties hereto agree as follows:
1.0
Transfer of Shares .
SELLER hereby transfers and delivers 100,000 of his issued
and outstanding shares in Thermal Technology Services to
PURCHASER in consideration of
$30,000. Upon receipt of the consideration into the
Anslow & Jaclin, LLP Attorney Trust Account,
SELLER will immediately forward the 100,000
Thermal Technology Services shares to
PURCHASER.
2.0
Representations and Warranties of
SELLER .
SELLER hereby represents and warrants to
PURCHASER that:
2.1
Authority . SELLER has
the power and authority to execute and deliver this
Agreement, to perform its obligations hereunder and to
consummate the transactions contemplated
hereby. This Agreement has been duly executed and
delivered by SELLER and constitutes a valid
and binding instrument, enforceable in accordance with its
terms.
2.2
Resignation . SELLER
represents that he is the sole shareholder of Thermal
Technology Services and that PURCHASER are
purchasing all of the issued and outstanding shares of
Thermal Technology Services.
SELLER hereby agrees that upon receipt of
the consideration set forth above, he is relinquishing all
interest in the 100,000 shares of Thermal Technology Services
stock. In
addition, upon execution of this agreement,
SELLER shall resign as the sole officer and
director of Thermal Technology Services.
2.3
Compliance with Other Instruments . The
execution, delivery and performance of this Agreement is in
compliance with and does not conflict with or result in a
breach of or in violation of the terms, conditions or
provisions of any agreement, mortgage, lease or other
instrument or indenture to which SELLER is a
party or by which SELLER is
bound.
2.4
Title to SELLER'S shares in
Thermal Technology Services .
SELLER is the sole legal and beneficial
owner of its shares in Thermal Technology Services and has
good and marketable title thereto, free and clear of any
liens, claims, rights and encumbrances.
2.5
No Claims; Indemnity. There are currently
no claims or lawsuits threatened or pending against Thermal
Technology Services or SELLER as the owner
of the Thermal Technology Services shares, and
SELLER is unaware of any conditions or
circumstances th
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