Employment AgreementEmployment Agreement • March 25th, 2011 • Pollex, Inc. • Services-business services, nec • California
This agreement (the “Agreement”) is made effective as of the 21st day of March, 2011, at the City of Santa Clara, State of California, between Pollex, Inc., referred to below as (“Employer”), and Seong Yong Cho, referred to below as (“Employee”).
CONVERSION AND RELEASEConversion and Release • March 25th, 2011 • Pollex, Inc. • Services-business services, nec
This Conversion and Release (the “Release”) is dated as of March 21, 2011. Pollex, Inc. (the “Company”) on the one hand, and Joytoto Co, Ltd. (the “Holder”) on the other hand, hereby acknowledge and agree that the Company currently owes the Holder $80,000 (the “Indebtedness”). The Holder, hereby agree to convert $20,000 of the Indebtedness, into 166,000 shares (the “Shares”) of common stock of the Company (that portion of the Indebtedness converted, the “Converted Indebtedness”).
