TERMINATION AGREEMENT Dear Shawn,Termination Agreement • May 2nd, 2011 • Daulton Capital Corp. • Crude petroleum & natural gas
Please accept this letter on behalf of Daulton Capital Corporation as our termination of both the Hunker and Ballarat Option Agreements, entered into between Daulton and yourself on February 25th 2010 and February 22nd 2010, respectively. It is hereby mutually agreed that Daulton and Shawn Ryan are terminating all obligations, terms and conditions under these two agreements and that upon Shawn Ryan signing below and retuning a copy of this letter agreement to Daulton, that Daulton further relinquishes any and all right, title and interest in these Agreements and the claims associated with them. It is further mutually agreed that Mr. Ryan shall be entitled to keep all stock and funds tendered to him by Daulton Capital Corp. and that neither the Corporation nor Mr. Ryan shall have any continuing liability to each other or the agreements in question.
