CONVERSION AND RELEASEConversion and Release Agreement • 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”).
