RESCISSION OF AGREEMENT AND PLAN OF MERGER

Exhibit 2.1

RESCISSION OF AGREEMENT AND PLAN OF MERGER

On October 1, 2014 an AGREEMENT AND PLAN OF MERGER (this “Agreement”) was entered into by and among International Packaging and Logistics Group Inc., a Nevada corporation having its principal place of business at 0000 Xxxxxx Xxxxxx Xxxxx Xxxxx 000, Xxxxxx, XX 00000 ("IPLO"), IPLO Holdings, Inc., a Nevada corporation (“IPH”), and Idea Ventures Inc., a Delaware corporation having its principal place of business at7435 S. Xxxxxxx Xxx, Xxx. #000, Xxx Xxxxx, XX 00000 (“IVI”)(collectively, the “Parties”).

After reviewing all the applicable requirements of the Form 8-K, the Parties determined that the transaction did not meet the reporting requirements of Form 8-K, nor were the necessary audited financials ready at this time. As a result the Parties have determined that the best course of action is to rescind this transaction. Therefore as of October 29, 2014 the Parties to this transaction have mutually agreed to the rescission of such transaction.

[SIGNATURE PAGE FOLLOWS]

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IN WITNESS WHEREOF, the parties hereto have made and executed this Agreement as of the day and year first above written.

International Packaging and Logistics Group Inc

By: /s/ Xxxx Xxxxxxxxx

Name: Xxxx Xxxxxxxxx

Title: CEO

Idea Ventures Inc.

By: /s/ Xxxxxxx Xxxx

Name: Xxxxxxx Xxxx

Title: President

IPLO Holdings Inc.

By: /s/ Xxxx Xxxxxxxxx

Name: Xxxx Xxxxxxxxx

Title: CEO

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