DML SERVICES, INC.
000 XXXXXXX XXX, XXXXX X, XXXXXXXX, XX 00000
March 17, 2003
Xxxxxxx and Xxxxxxx Xxxxxx
0000 Xxxxxxx Xxxxxx
Xxxxxxx. XX 00000
RE: DIVESTITURE AGREEMENT
This letter agreement confirms in writing the agreement between DML Services,
Inc. (the "Company") and Xxxxxxx Xxxxxx and Xxxxxxx Xxxxxx, its current
executive officers and directors (the "Xxxxxx"). The Xxxxxx agree to resign as
executive officers and directors of the Company and to retire 10,040,000 shares
of their common stock of the Company into treasure in exchange for an assignment
by the Company to them of all of the assets of the Company listed on its books
as of March 17, 2003 and $50,000 in cash, less any payables of the company
outstanding as of March 17, 2003. A list of the Company's assets is attached
hereto. The Company will execute any bills of sale requested by the Xxxxxx to
transfer the subject assets.
The Xxxxxx hereby release the Company for any claims, liabilities, damages or
actions which the Xxxxxx might assert against the Company of whatever kind or
nature arising from the beginning of time until the date hereof.
If the above and foregoing correctly recite our understandings, kindly so
indicate on the lines provided below.
Agreed to:
/S/ XXXXXXX XXXXXX Date: 3-17-03
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Xxxxxxx Xxxxxx
/S/ XXXXXXX XXXXXX Date: 3-17-03
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Xxxxxxx Xxxxxx
