EXHIBIT 2.1
RESCISSION AGREEMENT
This Rescission Agreement (this "Agreement") is made and entered into effective
as of July 7, 2008, by and between OMEGA COMMERCIAL FINANCE CORP., a Florida
corporation ("OMEGA"), 21 MIAMI OCEANS INTERNATIONAL LIMITED ("21 OCEANS") a
Belize corporation and Xxxxxx Xxxxxxxxx, the sole managing member and
shareholder of 21 OCEANS (the "MAJORITY SHAREHOLDER"). This Agreement rescinds a
certain Agreement for Share Exchange dated June 30, 2008.
RECITALS
A. Omega, 21 Oceans and the Majority Shareholder are parties to a certain
Agreement for Share Exchange, dated June 30, 2008 ("the Share Exchange
Agreement") pursuant to which Omega acquired a 100% ownership interest in 21
Oceans from the Majority Shareholder in exchange for certain shares of the
common stock of Omega (the "Exchange Shares") as well as certain working capital
for 21 Oceans.
B. Due to subsequent events, the parties desire to cancel and rescind the
Share Exchange Agreement, subject to the terms and conditions set forth herein.
The parties are on friendly terms and are still in discussions regarding a
potential transaction. Further due diligence is being completed regarding the
potential future transaction.
AGREEMENT
NOW THEREFORE, in consideration of the mutual premises and covenants
contained herein, and for other good and valuable consideration the receipt and
sufficiency of which is hereby acknowledged, the parties agree as follows:
1. Incorporation of Recitals. The foregoing recitals are hereby incorporated
in and made a part of this Agreement by this reference.
2. Rescission and Cancellation of Agreement. The parties agree as follows:
2.1. Upon execution of this Agreement, the parties will cancel and consider
rescinded all previous agreements between the parties.
3. Further Assurances. Each of the parties agrees to take such actions and
steps as may be reasonably requested by the other party to effect the Return
Transfer set forth in Section 2.1, including without limitation to execute
and deliver any required filings with governmental authorities. Further,
each of Omega, 21 Oceans and the Majority Shareholder shall take all
reasonable actions necessary to comply promptly with all legal requirements
which may apply with respect to the transactions hereunder and will promptly
cooperate with and furnish information to the other party in connection with
any such requirements.
4. Entire Agreement: Amendments. This Agreement constitutes the entire
agreement between the parties with respect to the subject matter hereof, and
supersedes and replaces any prior or contemporaneous agreements or
understandings, whether written or oral, relating to such subject matter.
This Agreement is not intended to confer upon any person other than the
parties hereto any rights or remedies hereunder. This Agreement may not be
modified or amended except in writing signed by the parties.
5. Counterparts. This Agreement may be executed in one or more counterparts,
each of which shall be deemed an original and together shall constitute one
and the same instrument.
IN WITNESS WHEREOF, this Agreement for Share Exchange has been signed by the
parties set forth below as of the date set forth above.
OMEGA COMMERCIAL FINANCE CORP.
/s/ Xxx Xxxxxxxx
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Xxx Xxxxxxxx, President
21 MIAMI OCEANS INTERNATIONAL LIMITED
/s/ Xxxxx Xxxxxxxxx
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Xxxxx Xxxxxxxxx, President
Shareholder of 21 MIAMI OCEANS INTERNATIONAL LIMITED
/s/ Xxxxx Xxxxxxxxx
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Xxxxx Xxxxxxxxx
