ROADSHIPS HOLDINGS INC. NOVATION AGREEMENT
EXHIBIT 3.1.5
ROADSHIPS HOLDINGS INC.
NOVATION AGREEMENT
ROADSHIPS HOLDINGS INC., a corporation organized and existing under the laws of the State of Delaware, with an address of 000 Xxxxxxx Xxxx Xxxx, Xxxxx X-000, Xxxxxxx, Xxxxx 00000, hereinafter referred to as the Company, and XXXXXXX XXXXXX an individual hereinafter referred to as “XXXXXXX XXXXXX” in consideration of the promises made herein, agree as follows:
1. Agreement. On March 12, 2013, the Company and XXXXXXX XXXXXX entered into an AGREEMENT under which the Company agreed to pay XXXXXXX XXXXXX as further described in the agreement attached hereto as Exhibit A.
2. Novation. Company and XXXXXXX XXXXXX hereby agree to extinguish the agreement referred to in Paragraph 1. Each party hereby relinquishes any claim that they had or may have had under that agreement and stipulates that this agreement constitutes a novation with respect to the agreement.
3. New Agreement. Company and XXXXXXX XXXXXX agree to replace 100% of the amount owed from the Agreement (Exhibit A) with the following new agreement: Company shall issue to XXXXXXX XXXXXX, Two Billion Three Hundred Million (2,300,000,000) shares of its Common Shares of stock pursuant to an agreement to convert the accrued principle and interest amount of Twenty Three Thousand ($23,000.00) USD to Common stock at a price of $0.00001 USD per share. Company shall also issue to XXXXXXX XXXXXX, Thirty Nine Thousand Three Hundred Twelve (39,312) shares of Class “B” Preferred shares of stock pursuant to an agreement to convert the accrued principal and interest amount of $98,281.00 to Preferred Stock at a price of $2.50 USD per share.
4. Approval by Board of Directors. The Board of Directors approved the issuance of the above referenced shares by Unanimous Written Consent in Lieu of Meeting dated March _4_, 2013.
Executed this __12th __ day of _MARCH_, 2013
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Xxxxxxx Xxxxxx , CEO
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Xxxxxxx Xxxxxx-Xxxxx, Director
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Xxxxxx XxXxxxxxxx, Director
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Xxxxxxx Xxxxxx, Director
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