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EXHIBIT 10.2 TERMINATION AGREEMENT

Termination Agreement

EXHIBIT 10.2   TERMINATION AGREEMENT | Document Parties: ETOTALSOURCE INC | CORNELL CAPITAL PARTNERS, LP You are currently viewing:
This Termination Agreement involves

ETOTALSOURCE INC | CORNELL CAPITAL PARTNERS, LP

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Title: EXHIBIT 10.2 TERMINATION AGREEMENT
Date: 12/23/2005

EXHIBIT 10.2   TERMINATION AGREEMENT, Parties: etotalsource inc , cornell capital partners  lp
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                                  EXHIBIT 10.2

 

                              TERMINATION AGREEMENT

 

      THIS TERMINATION AGREEMENT (the "Agreement") is made and entered into

effective as of November 2, 2005, by and between ETOTALSOURCE, INC., a Colorado

corporation (the "Company"), and CORNELL CAPITAL PARTNERS, LP, a Delaware

limited partnership (the "Investor").

 

                                    RECITALS:

 

      WHEREAS, the Company and the Investor entered into a securities purchase

agreement dated as of August 24, 2005 (the "Securities Purchase Agreement"), an

investor's registration rights agreement dated as of August 24, 2005 (the

"Investor Registration Rights Agreement"), a convertible debenture dated as of

August 24, 2005 (the "Convertible Debenture"), and a security agreement dated as

of August 24, 2005 (the "Security Agreement") (collectively, the Securities

Purchase Agreement, the Convertible Debenture, the


 
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