Exhibit 99.1
[Form of Satisfaction and Release Agreement]
October 17, 2007
China 9D Construction Group
f/k/a My Quote Zone, Inc.
4F Jia De Plaza, No. 118 Xxxx Xxxx Road
Hangshou City, Zhejiang Province
P.R. China 310000
Attn: Xxxxx Xxxx, Chief Executive Officer
Re: Satisfaction of Promissory Note (PN No. ___) and Release
Dear Mr. Ying:
Reference is made to that promissory note, dated August 10, 2007, in the
outstanding principal amount of US $____________ (the "Note"), which Note
evidences a portion of the consideration paid for the capital stock of China 9D
Decoration Group Limited ("CDG Limited") held by the undersigned and exchanged
in that merger consummated August 10, 2007 among China 9D Construction Group
f/k/a My Quote Zone, Inc. (the "Company"), its wholly-owned subsidiary and each
of CDG Limited and the shareholders of CDG Limited, pursuant to which the
Company's subsidiary was merged into CDG Limited.
Effective as of October 17, 2007, the undersigned, as holder of the Note,
hereby acknowledges receipt of ___________ shares of the common stock, $.001 par
value, of the Company (the "Shares") and confirms that delivery of the Shares
satisfies in full, and constitutes payment for, the outstanding principal amount
of the Note, the original Note of which is simultaneously being returned to the
Company for cancellation as paid in full. For purposes hereof, the undersigned
hereby reaffirms the accuracy as of the date hereof of its investor
representations contained in Section 6.7 (a) through (h), inclusive, of that
agreement and plan of merger, dated August 10, 2007, executed by the undersigned
and others with respect to the above-referenced merger transaction.
In addition, the undersigned and its affiliates hereby release, forever
discharge the Company, its directors, officers, shareholders, agents and their
respective successors and assigns (each, a "Company Party") from, and promise
never to assert against any Company Party, any claim, demand, obligation,
liability, action, loss, damage, cost (including, without limitation, reasonable
attorneys' fees) and expense, whatsoever, in law or equity, whether known or
unknown, contingent or otherwise, which against any Company Party the
undersigned or its affiliates, successors and assigns, ever had, now have or
hereafter may have, arising out of, or relating to, directly or indirectly, the
obligations of the Company under the Note or delivery of the Shares in
satisfaction thereof.
Note Holder: [insert name of holder]
