Mutual Contractual Release
DATE
June 26, 2011
PARTIES
Sentry Petroleum (Australia) Pty. Ltd.
ACN 130 631 953 (Sentry), a company duly incorporated in Australia, and with a registered office located at 00 Xxxxxx Xxxxxx, Xxxxx Xxxxx XX 0000, Xxxxxxxxx
Sino American Oil Company
(Sino), a company duly incorporated in Nevada, United States, and with a registered office located at 0000 Xxxx Xxxx, Xxxxx 000, Xxxx Xxxxxx, 00000
RECITALS
A.
Sentry and Sino entered into an Option Agreement on March 14th, 2011.
B.
Each of Sentry and Sino agree to mutually terminate the Option Agreement and to release each other from all and any further liability under the Option Agreement, including the breakup fee, defined in the Option Agreement.
C.
Effective Immediately.
SIGNATURES
/S/ XXXX XXXXX
___________________________
Xxxx Xxxxx, CFO & Director
SENTRY PETROLEUM (Australia) PTY. LTD
/S/ XXX XXXXXX
___________________________
Xxx Xxxxxx, President, CFO & Director
SINO AMERICAN OIL COMPANY
