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EXHIBIT 99.8 TERMINATION AGREEMENT

Termination Agreement

EXHIBIT 99.8   TERMINATION AGREEMENT | Document Parties: ETOTALSOURCE INC You are currently viewing:
This Termination Agreement involves

ETOTALSOURCE INC

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Title: EXHIBIT 99.8 TERMINATION AGREEMENT
Date: 11/8/2005

EXHIBIT 99.8   TERMINATION AGREEMENT, Parties: etotalsource inc
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                                                                    EXHIBIT 99.8

 

                              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 an Standby   Equity

Distribution   Agreement   (the "Standby   Equity   Distribution");   a   Registration

Rights Agreement (the "Registration Rights Agreement"); an Escrow Agreement (the

"Escrow   Agreement");   and a Placement   Agent   Agreement (the   "Placement   Agent

Agreement"),   all of which are dated October 4, 2004 (collectively,   the Standby

Equity Distribution   Agreement,   the Registration   Rights Agreement,   the Escrow

Agreement and   Placement   Agent   Agreement   are referred to as the   "Transaction

Documents").

 

      NOW,   THEREFORE,   for and in   consideration of the prom


 
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