EX-10.7
Dated: September 27, 2001
AGREEMENT TO RESCIND SECURED PROMISSORY NOTE
For Value Received, Royal Oasis Corporation, a Nevada
Corporation ("Maker"), and Oasis International Corporation, a Nevada
Corporation ("Holder"), and xXxx.xxx, Inc., a Nevada Corporation
("Guarantor"), hereby mutually agree as follows:
That the "Secured Promissory Note" dated July 9, 2001 between
the Maker and the Holder, and guarantied by the Guarantor, in the
amount of One Million dollars ($1,000,000) (a copy of which is
attached hereto as Exhibit A) is hereby rescinded as to each and
every party and/or guarantor of such note. More specifically, but
without limiting the generality of the above-stated rescission,
Guarantor is hereby released from any and all liability on such note,
by the mutual written consent of the Maker and the Holder.
Dated this 27th day of September, 2001.
/s/ XxxxxxXxxx X. Xxxxxxxx
ROYAL OASIS CORPORATION
By: XxxxxxXxxx X. Xxxxxxxx, President
/s/ XxxxxxXxxx X. Xxxxxxxx
OASIS INTERNATIONAL CORPORATION
By: XxxxxxXxxx X. Xxxxxxxx, President
/s/ Xxx Xxxxxx
XXXX.XXX, INC.
By: Xxx Xxxxxx, President
