Exhibit 99.2 Letter of Notice of Termination ------------- ----------------------------------- David L. Ficksman, Esq. LOEB & LOEB LLP 10100 Santa Monica Blvd., Suite 2200 Los Angeles, CA 90067-4164 Re: Highway One-Oweb/Export Erez USA merger Dear Mr....Agreement and Plan of Merger • March 6th, 2002 • Highway One Oweb Inc • Non-operating establishments
This letter is to advise you that by a Consent Resolution of its Sole Director Pete Chandler, Highway One-Oweb, Inc. has elected to abandon and terminate the Agreement and Plan of Merger it entered into with Export Erez USA on December 21, 2001. Our reason for taking this action is that we have not received any of the corporate documents of Export Erez, USA that are required to be delivered under paragraph 7.4 of the agreement and because no other actions have been taken by Export Erez or its acting agents to move the transaction forward.
