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TERMINATION OF ESCROW AGREEMENT

Termination Agreement

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This Termination Agreement involves

POSEIDIS INC

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Title: TERMINATION OF ESCROW AGREEMENT
Date: 10/28/2005

TERMINATION OF ESCROW AGREEMENT, Parties: poseidis inc
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EXHIBIT 10.9

 

 

                          CORNELL CAPITAL PARTNERS, LP

                          101 HUDSON STREET, SUITE 3700

                              JERSEY CITY, NJ 07302

 

 

                                             October 24, 2005

 

 

Louis Pardo, President

Poseidis, Inc.

222 Lakeview Ave., PMB 160,

West Palm Beach, FL 33401

 

 

         Re:       Poseidis, Inc. (the "Company")

 

 

Dear Mr. Pardo:

 

     The Company and Cornell   Capital   Partners,   LP   ("Cornell")   entered   into

various   financing   transactions   on August 26, 2005   including a Standby Equity

Distribution   Agreement ("SEDA").   In connection with, and   contemporaneously to

the SEDA, the Company,   Cornell, and David Gonzalez,   Esq. ("Escrow Agent") also

entered into an Escrow   Agreement   ("Escrow   Agreement").   This letter shall set

forth the following agreements between the


 
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