Agreement between Royce Biomedical Inc. ("Royce") and Curvelo Trade & Finance
Ltd., ("Curvelo") dated 1st day of March 2005
Whereas Curvelo is the assignee of a Promissory Note dated September 30, 2002 in
the amount of $25,000 USD plus interest thereon is due and payable by Royce as
of the date above written, and the Promissory Note is in default;
Whereas Royce acknowledges that the Promissory Note is in default;
Therefore in consideration for the receipt of one million common shares in the
capital of Royce, Curvelo hereby agrees not to seek legal enforcement of the
Promissory Note and interest thereon until March 31 2005.
/s/ Xxxxxx Xxxxxxx Xxxxxxxxx Xochinua /s/ Xxxxxx Xxx
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Authorized signatory Authorized signatory
Curvelo Trade & Finance Ltd. Royce Biomedical Inc.
