DEBT SETTLEMENT Dated as of November 28, 2016Debt Settlement Agreement • December 2nd, 2016 • New Asia Energy Inc. • Services-business services, nec • Colorado
Contract Type FiledDecember 2nd, 2016 Company Industry JurisdictionThis Debt Settlement and Release Agreement (this "Agreement") is dated as of the date first set forth above (the "Effective Date"), and is entered into by and between (i) New Asia Energy, Inc., a Colorado corporation (the "Company"); (ii) Rock Capital Ltd, previously the principal controlling and currently a minority shareholder of the Company ("Rock Capital") collectively referred to herein as the "Parties" and each as a "Party."