Exhibit
10.27
Termination of Services
Agreement
This
Termination of Services Agreement (“ Agreement ”), is effective
as of the 13th day of May, 2009 (the “ Effective Date
”), and is entered into by and between NBL Technologies Inc. , a
corporation organized and existing under the laws of Belize
(“ NBL ”); Robert Tonge (“
RT ”); and the following entities (each a “
Company ” and collectively, the “
Companies ”): Financial Services inc. , a
corporation organized and existing under the laws of the
Commonwealth of Dominica (“ FSC ”);
FastCash
Limited , a corporation organized and existing under the
laws of Grenada (“ FC Grenada ”);
FastCash (St. Lucia)
Limited , a corporation organized and existing under the
laws of St. Lucia (“ FC St. Lucia ”);
FastCash (Antigua),
Limited , a corporation organized and existing under the
laws of Antigua and Barbuda (“ FC Antigua ”);
and CashExpress
Limited , a corporation organized and existing under the
laws of St. Vincent and the Grenadines (“ FC St.
Vincent ”).
Explanatory
Statement
Reference is made to the following agreements
(each a “ Services Agreement ” and collectively,
the “ Services Agreements ”):
Services Agreement dated May 12, 2006 between
NBL and FSC;
Services Agreement dated May 24, 2007 between
NBL and FC Grenada;
Services Agreement dated June 29, 2007 between
NBL and FC St. Lucia;
Services Agreement dated June 10, 2006 between
NBL and FC Antigua; and
Services Agreement dated October 24, 2007
between NBL and FC St. Vincent.
The parties have mutually and amicably agreed to
terminate the Services Agreements effective as of the close of
business on the Effective Date.
Now, therefore, in consideration
of the foregoing Explanatory Statement, the covenants and
agreements set forth below and other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree, as of the date hereof as
follows:
1.
Termination . Other than the obligations
pursuant to the restrictive covenants set forth in Section 9 of the
respective Services Agreements, each of
