Agreement Regarding the Cancellation of the Series a Preferred Stock Sample Contracts

AGREEMENT REGARDING THE CANCELLATION OF THE SERIES A PREFERRED STOCK OF XA, INC.
Agreement Regarding the Cancellation of the Series a Preferred Stock • March 26th, 2007 • Xa, Inc. • Services-management services • Illinois

This Agreement Regarding the Cancellation of the Series A Preferred Stock of XA, Inc. (the “Agreement”) is made and entered into this 24th day of January 2007, by and between XA, Inc., a Nevada corporation (“XA”) and Joseph Wagner, an individual and the President and Chief Executive Officer of XA and Jean Wilson, an individual and the Chief Operating Officer of XA (collectively the “Preferred Stock Holders”), each individually a “Party” and collectively the “Parties.”

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