Agreement on Annulment of Deposit Contract
EXHIBIT 10.4
Translated from Japanese
Agreement on Annulment of Deposit Contract
The deposit contract concluded on December 18th 2009 is hereby annulled by agreement between IA Global (hereafter referred to as ‘Party A’), Inter Asset Japan LBO No.1 Fund (a voluntary partnership, hereafter referred to as ‘Party B’) being a capital investor in Party A, the Beseto Partners LLC establishment preparatory committee (hereafter referred to as ‘Party C’) being the establishment preparatory committee for the venture capital fund applying for a license from the government of the Republic of Korea and headed by Mr X. X. Xxx being the Vice Chairman of Tozai Holdings Inc. of the Republic of Korea, and M&A Japan (hereafter referred to as ‘Party D) being the partner in the venture capital fund, and the investments that were the objective of that agreement are canceled.
It is verified that none of the parties to the agreement are liable for any statutory responsibilities associated with the contract and that no litigation or liability exists. Four copies of this document have been prepared, each copy to be named and signed by each party, each party to retain one copy.
April 16, 2010
Party A | Suite 2450, 000 Xxxxxxxxxx Xxxxxx |
| XxxXxxxxxxxx Xx 00000 XXX |
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| /s/ Xxxxx Xxxxxxxx |
| CEO Xxxxx Xxxxxxxx |
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Party B | Inter Asset Japan LBO No.1 Fund |
| Executive partnership member Inter Asset Japan Inc. |
| Representative Director, Xxxxxxx Xxxxx |
| 0X Xxxxxxx Xxxxxxx Xxxxxxxx, Xxxxxxxxx 0-0-00, \ |
| Xxxxxx-xx, Xxxxx, Xxxxx |
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Party C | Beseto Partners |
| Establishment preparatory committee |
| Representative, X. X. Xxx |
| Daechi-dong Ganbnam-ku 000-0 |
| Xxxxx 000-000, Xxxxxxxx of Korea |
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Party D | M&A Japan Inc. |
| CEO, Xxxxxx Xxxxxxxx |
| 0-0-0-000 Xxx-xxx Xxxxxxx-xx, Xxxxx, Xxxxx |
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