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CANCELLATION AGREEMENT
THIS AGREEMENT
is dated for reference the 6 th
day
of July, 2009.
BETWEEN:
(the “Company” )
AND:
(the “Shareholder” )
WHEREAS:
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The Shareholder
is the registered and beneficial owner of 30,000,000 shares of the
Company’s common stock (the “ Shares ”);
and
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The Company and
the Shareholder recognize that cancelling of a portion of the
Shares will have a positive effect on the Company’s ability
to secure a business combination.
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NOW
THEREFORE , in
consideration of the mutual promises set forth below and other good
and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the Company and the Shareholder agree as
follows:
Surrender
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The Shareholder
shall return 23,000,000 of the Shares (the “ Surrendered
Shares ”) to the treasury of the Company and deliver to
the Company share certificates representing the Surrendered
Shares.
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The Company
shall forthwith retire the Surrendered Shares pursuant to
§78.283 of Chapter 78 of the Nevada Revised
Statutes.
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Representations
and Warranties
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The Shareholder
represents and warrants to the Company that:
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he is the owner
of the Surrendered Shares;
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