Exhibit 10.5
NEW CENTURY ENERGY CORP.
0000 XXX XXXXXX, XXXXX 000
XXXXXXX, XXXXX 00000
OFFICE 000-000-0000 -- FAX 000-000-0000
October 6, 2006
Xx. Xxxxxxxx Xxxxxxxxx
Aquatic Cellulose International Corporation
Suite #5. 0000 00xx Xx.
Xxxxxx, Xxxxxxx Xxxxxxxx XxX 0Xx
Dear Mr. Xxxxxxxxx:
This letter constitutes a release and relinquishment by the undersigned
to any right to receive any shares of stock in Aquatic Cellulose International
Corporation ("Aquatic"). This includes, but is not limited to a release and
relinquishment of the rights to receive shares of stock in Aquatic granted by
the First Amendment of Purchase and Sale & Exploration Agreement made and
entered into effective January 1, 2005 between Aquatic and New Century Energy
Corp. and Century Resources, Inc.
This release and relinquishment is for the good and valuable
consideration associated with the assignment by Aquatic to New Century of
Aquatic's interest in the Xxxxx Field, effective October 1, 2006.
NEW CENTURY ENERGY CORP
/s/ Xxxxxx X. XxXxxxxxx
Title: President
Acknowledged agreed to and accepted this 6th day of October, 2006.
Aquatic Cellulose International Corporation
BY: /s/ Xxxxxxxx X. Westgarde
Xxxxxxxx Westgarde
President
