September 29, 2008 China Gene Ltd. Hong Kong Re: Rescission of Agreement Dear Mr. Wang Yang:
Exhibit
10.1
September
29, 2008
China
Gene Ltd.
Hong
Kong
Re: Rescission
of Agreement
Dear Xx.
Xxxx Xxxx:
Pursuant
to our discussion this letter will confirm that Chine Gene Ltd. and
International Consolidated Companies, Inc. agree to rescind the transaction
between them as effectuated through Grow Ease International Ltd. and AIM Sky
Ltd., both British Virgin Island corporations.
Any
expenses incurred by either party during this transaction will be the
responsibility of the party and the parties agree that there is no further
obligation between them. The agreement is hereby rescinded as if it had been
terminated prior to closing. Any share ownership shall be returned to the
respective party so that both are in the same position as if the transaction had
not closed.
Sincerely,
INTERNATIONAL
CONSOLIDATED COMPANIES INC.
/s/
Xxxxxxx X. Xxxxxxx, III
XXXXXXX
X. XXXXXXX III
CEO
/s/ Wang
Yang
READ AND
AGREED BY CHINA GENETIC LTD.
XX. XXXX
XXXX