TERMINATION AGREEMENT dated the 5th day of May, 1999.
BETWEEN:
AZTEK, INC., a body corporate duly incorporated in the State of Nevada and
having an office at Xxxxx #0, 000 Xxxxxxxx Xxxxxx, Xxxxxxx, Xxxxxxx Xxxxxxxx,
X0X 0X0
(the "Company")
OF THE FIRST PART
AND:
___________________ of _____________________________________
(the "Director")
OF THE SECOND PART
WHEREAS the Company and the Director entered into an agreement dated June
19, 1998 and accepted by the Company on June 24, 1998, providing for the
acquisition by the Director of ___________ (_______) shares of Common Stock
(the "Shares") of the Company, at a price of $0.05 per share (the "Investment
Letter").
AND WHEREAS the Company and the Director wish to terminate the Investment
Letter and cancel the Shares subscribed for by the Director.
NOW THEREFORE the parties hereto agree as follows:
1. The Investment Letter entered into between the Company and the Director be
and is hereby terminated in its entirety and the Shares subscribed for by the
Director be canceled forthwith.
2. The parties to this Agreement shall execute and deliver any documents and
perform any acts necessary to carry out the intent of this Agreement.
3. Time shall be of the essence of this Agreement.
4. This Agreement shall enure to the benefit of and be binding upon the
parties to this Agreement and their heirs, executors, administrators,
successors and permitted assigns.
IN WITNESS WHEREOF the parties have hereunto caused these presents to be
executed as of the day and year first above written.
EXECUTED AND DELIVERED BY
AZTEK, INC.
By:
"Nick Sintichakis"
Authorized Signatory
SIGNED, SEALED AND DELIVERED
in the presence of:
Name
Address
