Agreement For Termination of Katherine Yoke-Lin Tung’s Service Contract As Secretary & Treasurer
Exhibit
99.11
Agreement For Termination of
Xxxxxxxxx Yoke-Xxx Xxxx’x Service Contract As Secretary &
Treasurer
Termination Of Xxxxxxxxx
Yoke-Xxx Xxxx’x Service Contract & Settlement of Fees
Xxxxxxxxx
Yoke-Xxx Xxxx (“YLT”) and Mezabay International Inc. (Formerly, Cardtrend
International Inc.) (“Company”) herby mutually agree that YLT’s service with the
Company under the Srvice Contract dated September 1st,
2009 (“Service Contract”) shall be terminated with effect from September 23,
2009. Accordingly, YLT hereby resigns from the Company as its Secretary &
Treasurer with effect from September 23, 2009.
YLT and
the Company mutually agree that the Company shall pay to YLT a sum of US$
1,533.33 being the fee from September 1, 2009 to September 23, 2009 (“Total
Due”).
YLT and
the Company mutually agree that the Company shall settle the Total Due by
issuing to YLT a total of 191,667 Rule 144 restricted shares of its common
stock, at a price of $0.008 per share (“Shares”).
The
Company agrees that the vested shares as at September 23, 2009 of the share
option granted to her by the Company on April 7, 2008 shall be valid for YLT to
exercise according to the terms and conditions of the Option Agreements relating
to such option.
YLT and
the Company hereby agree that upon the issuance and delivery of the Shares to
YLT by the Company, the Company and YLT shall have discharged all their
respective obligations under the said Service Contract and any addendum thereto
and they shall release each other of any other obligation and shall have no
claim against each other.
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Agreed
to by:
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For
and on-behalf of
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For
and on-half of
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Xxxxxxxxx
Yoke-Xxx Xxxx
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XXXXX
XXX XXXX
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XXXXXXXXX
YOKE-XXX XXXX
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Xxxxx
Xxx Xxxx
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Xxxxxxxxx
Yoke-Xxx Xxxx
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Director
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Date:
September 23, 2009.
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Date:
September 23, 2009
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