NOVATION AGREEMENT
Go Ez Corp., a corporation organized and existing under the laws of the State of Delaware, with an address of 000 Xxxxx Xxxxxx, #000, Xxx Xxxxx, Xxxxxxxxxx 00000, hereinafter referred to as the “Company”, and Xxxxxxx Xxxxxxxxx Cinta, an individual, with an address of Hongzhong Road, Shanghai China, hereinafter referred to as “XXXXXXX CINTA”, in consideration of the promises made herein do hereby agree as follow:
1.
Original Agreement. On September 30, 2014, Company received a loan in the amount of $529 from XXXXXXX CINTA and entered into a Convertible Debenture dated October 1, 2014, attached hereto as Exhibit A. As of November 30, 2014 the amount due and owing under the Note including accrued interest is $536.
2.
Novation. The Company and XXXXXXX CINTA hereby agree to extinguish $536 represented by the Note referred to in Paragraph 1. Each party hereby relinquishes any claim that they had or may have had under the original terms of the Agreement and Note and stipulate that this agreement constitutes a novation with respect to the original Note.
3.
New Agreement. The Company and XXXXXXX CINTA hereby agree to replace the amount owed as of November 30, 2014 with the issuance by the Company to XXXXXXX CINTA of 1 shares of its Preferred Series B Shares of stock pursuant to a Subscription Agreement and thereby converts $536 of debt owed to Preferred Series B stock at a price of $1,000 per share.
IN WITNESS WHEREOF, we hereby set our hand this 8th day of December, 2014.
NOTEHOLDER:
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By: Xxxxxxx Cinta
By: XXXXXXX CINTA
Chief-Executive Officer