CONFIRMATION OF WAIVER OF CONDITIONS PRECEDENTWaiver Agreement |
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Cellynx, Inc | Norpac Technologies, Inc | O'Neill Law Group PLLC. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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EXHIBIT 2.3
CONFIRMATION OF WAIVER OF CONDITIONS PRECEDENT
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To: |
Norpac Technologies, Inc. |
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Attention: John P. Thornton, President |
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Suite 410, 103 East Holly Street |
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Bellingham, WA 98225 |
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And to: |
O’Neill Law Group PLLC |
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Attention: Stephen F.X. O’Neill |
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435 Martin Street, Suite 1010 |
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Blaine, WA 98230 |
This will confirm that Cellynx and the Cellynx Shareholders have agreed to waive conditions of closing under paragraph 7.1 of the Share Exchange Agreement (the “Share Exchange Agreement”) dated as of January 3, 2008, as amended May 20, 2008, among Norpac Technologies, Inc. (“Norpac”), Cellynx, Inc. (“Cellynx”), and the shareholders of Cellynx and to accept the variations necessary to the representations of Norpac under paragraph 7.2 of the Share Exchange Agreement as a result of the following:
1. the total outstanding common shares of Norpac at closing will be 48,097,890 prior to completion of the issuance of shares to the Cellynx Shareholders and following completion of a private placement of 10,500,000 units, with eac
