TACTICAL SERVICES, INC.
TACTICAL SERVICES, INC.
August 24, 2018
Xxxxxx Xx
Xxxxxx Xian
Francisco Xxxxx Xxxxxx
Xxxx 0000, 00/X, Xxxxxxxx Xxxxx
00 Xxxxx’x Xxxx Xxxxxxx
Xxxxxxx, Xxxx Xxxx
Re:Termination of Asset Purchase Agreement dated October 23, 2017
To Whom It May Concern:
Please be advised that, effective immediately, that certain Asset Purchase Agreement (the “Agreement”) dated October 23, 2017, by and among Tactical Services, Inc. (f.k.a. Lineup Advertisement Inc.), a Nevada corporation (the “Company”), Xxxxxx Xx (“Li”) and Xxxxxx Xian (“Xian”) is hereby terminated.
Pursuant to Section 6(a)(vi) of the Agreement, Li and Xian “shall have performed all necessary actions to transfer legal title of the Acquired Assets to the name of [the Company].” Messrs. Li and Xian failed altogether to transfer title to the Acquired Assets to the Company.
As such, the signatories to the Agreement hereby agree to amicably and voluntarily terminate the Agreement, as if it had never been executed since the obligations of the parties pursuant to the Agreement were never satisfied.
In addition, as a direct result of the failure to transfer said Acquired Assets to the Company, the Company never delivered the 60,000,000 restricted shares of its common stock due and owing to Messrs. Li and Xian, thereby further facilitating the termination of the Agreement as set forth herein.
Further, such termination is effective immediately and the Agreement shall be void and have no effect, without any liability or obligation on the part of the Company or any of the signatories thereto.
Please be guided accordingly.
Sincerely,
/s/ Francisco Xxxxx Xxxxxx
Francisco Xxxxx Xxxxxx
Chief Executive Officer
AGREED & ACCEPTED:
/s/ Xxxxxx Xian
NATHAN XIAN
/s/ Xxxxxx Xx
XXXXXX XX