STOCK CANCELLATION AGREEMENT
The undersigned Xxxxxxx Xxxxxxxx hereby agrees as follows:
| 1. | On April 11, 2012, in connection with the formation of Bo1cán Mining Corporation, a Nevada corporation (the "Company"), I purchased 1,000,000 shares of common stock (the "Shares') of the Company. |
| 2. | In consideration of an upcoming transaction between the Company and Xxxxxxx Xxxxxxxx Resources Corporation ("JSRC"), I hereby agree to the cancellation of 90,000 of the Shares (the "Canceled Shares"). |
| 3. | I hereby authorize the Company to reflect the cancellation of the 90,000 Canceled Shares on the books and records of the Company. |
| 4. | I hereby acknowledge and agree that following my execution of this Stock Cancellation Agreement, I will have no further right, title, or interest in the Canceled Shares. |
| 5. | I hereby represent and warrant to the Company that prior to executing this Stock Cancellation Agreement, I had not sold, pledged, or otherwise transferred or encumbered the Canceled Shares, and that I owned the Canceled Shares free and clear. |
| Effective as of the 11th day of May, 2012. | |
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| Xxxxxxx Xxxxxxxx | |
| Acknowledged | ||
| Bolcán Mining Corporation | ||
| By: |  |
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| Xxxxxxx Xxxxxxxx, President | ||
| Bolcán Mining Corporation | ||
