August 9, 2007 Re: Agreement of Sale Gentlemen:
EXHIBIT
10.4
August
9,
2007
Gentlemen:
Reference
is made to that certain Agreement of Sale, dated August 1, 2005, as amended
by a
First Amendment dated June 27, 2006 and assigned in October 2006 (the
“Agreement”), between Investment Capital Researchers, Inc., a California
corporation (“ICR”), Landbank Group, Inc., a Delaware corporation
(“LBG”).
As
of the
date hereof, each party desires to extinguish any and all obligations of the
other party under such Agreement. In consideration of the foregoing
and for other good and valuable consideration, the parties hereby agree that
the
Agreement shall be immediately terminated in full and all obligations,
including, but not limited to, the 200,000 shares of unissued common stock
that
were to be issued upon the achievement of specified milestones, of the parties
thereunder are hereby extinguished. Please confirm that the foregoing is in
accordance with your understanding by signing and returning to us the duplicate
of this letter enclosed.
Yours
truly,
/s/ Xxxx
Xxxxxxx
Xxxx
Xxxxxxx
Chief
Executive Officer
Accepted
and agreed to
this
12th
day of September, 2007:
Investment
Capital Researchers, Inc.
By: /s/
Xxxxxxx
Xxxxx
Name:
Title: