Back to top

CANCELLATION AGREEMENT

Termination Agreement

CANCELLATION AGREEMENT | Document Parties: GOLDEN KEY INTERNATIONAL INC You are currently viewing:
This Termination Agreement involves

GOLDEN KEY INTERNATIONAL INC

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: CANCELLATION AGREEMENT
Date: 10/20/2009

CANCELLATION AGREEMENT, Parties: golden key international inc
50 of the Top 250 law firms use our Products every day

                                                                      EXHIBIT 10

                             CANCELLATION AGREEMENT

     CANCELLATION AGREEMENT,  dated as of October 2, 2009 (the "Agreement"),  by
and among GOLDEN KEY INTERNATIONAL INC., a Delaware  corporation  ("Golden Key")
and each of the  shareholders  of HOME  SAVERS  HOLDING  CORPORATION  (the "Home
Savers")   set  forth  on  the   signature   page  hereof   (collectively,   the
"Shareholders").

                                   WITNESSETH

     WHEREAS,  on July  10,  2009,  Golden  Key  entered  into a Share  Exchange
Agreement with the  Shareholders  pursuant to which Golden Key agreed to acquire
100% of the  outstanding  securities  of Home Savers in exchange for  14,296,788
shares (the "Acquisition Shares") of Golden Key's common stock (the "Home Savers
Acquisition");

     WHEREAS,  as the Acquisition  Shares and the shares of Home Savers were not
delivered to each of the respective  parties,  the Home Savers  Acquisition  was
never considered closed due to the absence of consideration.

     WHEREAS,  as the acquisition did not close, the Shareholders and Golden Key
each agree to terminate the Agreement and return all property and records of the
other party (the "Termination Actions").

     NOW THEREFORE in  consideration  of the premises and the mutual  covenants,
agreements,  representations and warranties contained herein, th 


 
SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)


Try our advanced search >>
 

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates
Email:
This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more