August 9, 2007 Re: Consulting Agreement/Agreement of Sale Gentlemen:
EXHIBIT
10.3
August
9,
2007
Gentlemen:
Reference
is made to that certain
Consulting Agreement/Agreement of Sale, dated August 22, 2005, as amended by
a
First Amendment dated May 4, 2006, between Xxxx Xxxxx and Xxx Xxxxx, both of
whom are unrelated third party consultants, and 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 400,000 shares of unissued common stock,
200,000 shares to Xxx Xxxxx and 200,000 shares Xxxx Xxxxx, all to be new
certificates. These 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:
By: /s/
Xxxx
Xxxxx
Name:
Xxxx
Xxxxx
By: /s/
Xxx
Xxxxx
Name: Xxx
Xxxxx
