CANCELLATION AGREEMENT
THIS AGREEMENT is made and entered into this 17th day of August, 2001, by and
between Xxxxxxxxx Xxxxxxx (the "Agent") as agent for the Shareholders as define
below and United Management, Inc., a Nevada corporation (the "Corporation).
RECITALS
A. Shareholders (the "Shareholders") of the Corporation holding in the
aggregate 500,000 common shares (the "Shares") desire that the Shares be
cancelled.
B. The Shareholders have given Xxxxxxxxx Cerisse their power of attorney to
sign any and all documents in their behalf, including any and all stock
certificates, for the purpose of canceling the Shares.
C. The Shareholders and number of Shares held by each are listed on the
Exhibit A attached hereto.
AGREEMENTS
In consideration of the recitals which are made a part of this agreement and the
mutual covenants and agreements herein contained and for good and valuable
consideration the receipt of which is acknowledged, the agent on behalf of the
Shareholders and the Corporation agree as follows:
1. Cancellation of Shares. Agent hereby requests that the Shares be
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cancelled and the Corporation agrees to cancel the Shares as authorized by the
Shareholders.
2. Documents. The Agent agrees to acquire and deliver to the
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Corporation any and all documents necessary to consummate the cancellation of
the Shares including delivery of stock certificates executed in a manner as may
be required by the Corporation and/or the transfer agent as applicable.
3. Further Assurances. The Corporation agrees to take any and all
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actions reasonable necessary to consummate the cancellation of the Shares.
4. Warranty of the Agent. The Agent warrants to the Corporation that
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she has the authority of the Shareholders to enter into this agreement and to
bind them to this agreement and to enter into and execute any and all documents
that will be delivered to the Corporation or to the transfer agent in behalf of
the Shareholders.
/s/ Xxxxxxxxx Xxxxxxx
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Xxxxxxxxx Cerisse as Agent for the Shareholders
United Management, Inc.
/s/ Xxx Xxxxxxx
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By_Ray Xxxxxxx, its President____
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