Exhibit 10.65
LETTER AGREEMENT
BETWEEN;
XXXXXX XXXXXXX, a resident of 0000 000 Xxxxxx, Xxxxxxx, XX., Xxxxxx. X0X 0X0
AND,
AQUATIC CELLULOSE INTERNATIONAL CORP, a Nevada Corporation in good standing and
publicly traded on the Pink Sheet trading exchange.
I Xxxxxx Xxxxxxx, am the registered "holder" of 1,776,196 shares of Series A
Convertible Preferred Shares of Aquatic Cellulose International Corp, these
shares of which having various rights as defined in the Certificate of
Designation filed with the Nevada Secretary of State on April 3, 2007, herein
referred to as the "Certificate".
I hereby agree to waive the specific rights of these shares as defined in
sections 4) through 8) and sections 10) through 12) of the Certificate.
This waiver shall be permanent, non-retractable and binding upon the holder's
respective heirs, successors and assigns.
This waiver of the said rights and provisions shall not be deemed or be
constituted as a waiver of any other rights or provisions as defined in the
Certificate.
IN WITNESS WHEREOF, THIS AGREEMENT SHALL BE EFFECTIVE AS OF May 27, 2007.
EXECUTED THIS _27TH _ DAY OF MAY, 2007.
AQUATIC CELLULOSE XXXXXX XXXXXXX
INTERNATIONAL CORP
/S/ Xxxxxx Xxxxxxx
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/S/ Sheridan Westgarde Xxxxxx Xxxxxxx
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Sheridan B. Westgarde, CEO
