Contract
This
Letter of Release (“Agreement”) is effective this
day of
September 2007 and sets forth the amendments to the specific details of the
arrangements regarding the “Shareholder Agreement”, dated of June 18, 2007
between Zupintra Corporation, Inc. (“ZUPC”) and Network Technologies
International, Inc. (“NTI”) (the “Shareholder Agreement”).
WHEREAS,
ZUPC agrees to pay to NTI thirty five thousand dollars ($35,000) in shares
of
common stock of ZUPC as a penalty for ZUPC not being in the position to fulfill
the obligations as listed in the Shareholders Agreement, dated June 18, 2007.
Said shares will be at a 20% discount of market price. ZUPC shall have no
further liabilities to the Shareholders Agreement, dated June 18, 2007; the
said
Shareholders Agreement is hereby annulled.
However,
ZUPC shall hold the opportunity for 60 days from the date hereof to continue
to
fund NTI for the project in Ghana.
By
signing this agreement, both parties understand, acknowledge, and agree to
the
above.
NETWORK TECHNOLOGIES, INC. | ||
|
|
|
Date: | By: | |
|
||
Title |
ZUPINTRA CORPORATION, INC. | ||
|
|
|
Date: | By: | |
Xxxx xxx Xxxx |
||
Title |
ZUPINATRA GHANA, INC. | ||
|
|
|
Date: | By: | |
|
||
Title |