EXHIBIT 10.12
LETTER AGREEMENT WITH TOUCHSTAR SOFTWARE CORPORATION
DATED APRIL 17, 2006
WORLDWIDE STRATEGIES INCORPORATED
0000 Xxxx Xxxxxxx Xxxxxx, Xxxxx 000
Xxxxxx, Xxxxxxxx 00000
April 18, 2006
TOUCHSTAR SOFTWARE CORPORATION
0000 Xxxxx Xxxxxx Xxxx, Xxxxx 000
Xxxxxx, Xxxxxxxx 00000
Attention: Xxxxx Xxxxxxxxx, Chief Financial Officer
RE: LETTER OF INTENT
Dear Xx. Xxxxxxxxx,
This letter is written to confirm that Worldwide Strategies
Incorporated, a Nevada corporation ("WWSI") and TouchStar Software Corporation
("TouchStar") have determined to terminate the agreements set forth in the
non-binding letter of intent dated October 18, 2005.
Accordingly, TouchStar agrees that it has no rights to certificate
number 1909 for 2,000,000 shares of WWSI common stock prepared by WWSI (the
"Certificate"), and hereby authorizes WWSI to cancel the Certificate.
In addition, WWSI agrees that it has no rights to any shares of capital
stock in TouchStar International Sales Limited, an affiliate of TouchStar.
If you are in agreement that this letter generally reflects the
substance of our discussions, please so indicate below.
Respectfully,
Worldwide Strategies Incorporated
By: /s/ X. XXXX XXXXXXXXXX
--------------------------------------
X. Xxxx Xxxxxxxxxx, CFO
Acknowledged as requested and agreed:
TouchStar Software Corporation
By: /s/ XXXXX XXXXXXXXX
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Xxxxx Xxxxxxxxx, CFO
