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Sunday, June 24, 2018 10:14:44 PM
cÖNG HOÄXÄ Höl CHI) NGHTA VIET NAM
Döc läp —TV' do — Hanh phüc
TP Hö Chi' Minh ngåy 01 thång 05 näm 2018
BIEN BÅN
Höl NGHI HQP HDQT
MUA cöNG TY SANTO MINING
Höm nay ngåy 01 thång 05 näm 2018, toån bö Sång läp vién Vå thånh vién tham gia höi nghi thånh läp HTX Nång T huj I-lüu Cc Xanh dä c6 mät dhy Vå dai biéu durqc möi gbm:
Öng Dåo Dl?c Thång— chi tich höi dbng quån tri ång Phan Vän Dung—Thånh vién HDQT Öng LWÜng Thé Anh —thånh vién HDQT
Cåc nöi dung trién khai trong h0i nghj nhu sau:
Höi dbng quån tri chi nhånh hop tåc Xä nöng thu$' hüu cc xanh-d'åu tu' phåt trién cöng nghé cao ASAMA. Di dén th6ng nhå't mua IQi 50% cd phhn cong ty SANTO MINING
Cåc thånh viéN HDQTthåo luin Vå biéu quyét quyét dinh
Két quå biéu quyét Iå 3/3 ngu'öi nhät tri, ty IQ: 100%
a. Doån chü tjch dibu hånh viéc tham gia kién vä biéu quyét thöng qua Nghi quyét höi nghi: 100% b'/ kién tån thånh. b, Bé mqc höi nghj
SANTO SANTO MINING CORP.
MEETING OF THE BOARD OF DIRECTORS
SANTO MINING CORP.
Date: April 30, 2018
Attendees:
Mr. Frank Yglesias
Sole Majority Shareholder
Chairman of the Board "Voting Member"
Doral, FL
A meeting of the Board of Directors of Santo Mining Corp., a Florida corporation was held on April 30, 2018 whereby a resolution was proposed and approved by the board:
The Board of Directors approved in a unanimous majority decision the following:
1. 50% Acquisition of Santo Mining "SAN?' by ASAMA of Vietnam. Details of Acquisition will be detailed in the Plan of Exchange "POE".
IN WITNESS WHEREOF, the undersigned majority shareholders of Santo Mining Corp., do hereby execute this board resolution to be effective immediately.
EXCHANGE
BY AND BETWEEN
SANTO MINING CORP.
(A FLORIDA CORPORATION)
AND
ASAMA
(A VIETNAMESE CORPORATION)
1. RECITALS
1. The Parties to this Plan of Agreement
(1.1) Santo Mining Corp
(1.2) ASAMA
2. The Capital of the Parties
(2.1) The capital of SANP
(2.2) The Capital of ASAMA
3, Transaction Descriptive Summary
4. "OTC SEC Reporting" quotation market compliance
5. Florida compliance ll. PLAN OF REOGANIZATION
1. Conditions Precedent to Closing
(1.1) Shareholder Approval
(12) Board ofDirectors
(1.3) Due Diligence Investigation
(1.4) The Rights ofDissenting Shareholders
(IS) All ofthe Terms, Covenants and Conditions
(1.6) The Representations and Warranties
(11) Certification ofSANP
(1.8) Delivery of Closing Documents
2. Conditions Concurrent and Subsequent to Closing
(2.1) Delivery ofRegistered Capital ofASAMA
(2,2) Acquisition Share Issuance
(2,3) Settlement ofSANP Liabilities
[2.4) Reverse Split of Common Stock
(2.5) 10K and Financial Audits Over-the-Counter Bulletin Board
Quotation Market
3. Plan of Acquisition
(3.1) Exchange and Reorganization
(3.2) Issuance of Common Stock
(3.3) Closing/Effective Date
(3.4) Surviving Corporations
(3.5) Rights ofDissenting Shareholders
(36) Service ofProcess and Address
(3 7) Surviving Articles ofIncorporation
(3.8) Surviving By-Laws
(3,9) Further Assurance, Good Faith and Fair Dealing
(310) General Mutual Representations and Warranties
(3.11) Organization and Qualification
(3.12) Corporate Authority
(3.13) Ownership ofAssets and Properly
(3.14) Absence of Certain Changes or Events
(3.15) Absence of Undisclosed Liabilities
(3.16) Legal Compliance
(3.17) Legal Proceedings
(318) No Breach of Other Agreements
(3.19) Capital Stock
(3.20) Brokers' or Finder's Fees
(321) Miscellaneous Provisions
4. Termination
5, Closing
6. Merger Clause
THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK
EXCHANGE
BY AND BETWEEN
Santo Mining Corp
(A FLORIDA CORPORATION)
AND
ASAMA
(A VIETAMESE CORPORATION)
This Plan of Exchange (the "Agreement" or "Plan of Exchange") is made and dated as of this 15th of May, 2018, and is intended to supersede all previous oral or written agreements, if any, between the parties, with respect to its subject matter. This Agreement anticipates that extensive due diligence shall have been performed by both parties. All due diligence shall have been completed by the Parties no later than May 10th, 2018.
1. RECITALS
1. The Parties to this Agreement:
(1.1) SANTO MINING CORP. Known here as ("SANP"), a Florida Corporation.
(1.2) CHI NHANH HOP TAC XA NONG THUY HUU CO XANH- DAU TU PHAT TRIEN CONG NGHE CAO Known here as ("ASAMA"), a Vietnamese Corporation,
2. The Capital of the Parties:
(2.1) The Capital of SANP consists of the following:
(a) 9,000,000,000 authorized shares of Common Stock, par value $.00001, of which 8,231,843,438 shares issued and outstanding, as of May 1 st, 2018. (b) 500,000,000 authorized shares of Preferred "A" Stock, par valued $0.01, of which 250,000,000 shares are issued and outstanding, as of May 1st, 2018 and have a conversion rate of IXIOO, Preferred "A" Stock has Voting Rights and pays dividends upon Board approval.
(2.2) The Capital of ASAMA consists of the following:
(a) $80,000USD in registered capital, which for the purposes of this Agreement, is referred to as "capital stock".
3. Transaction Descriptive Summary:
(3.1) SANP desires to SELL to ASAMA 50% of the controlling interest and the shareholders of SANP (the "SANP Shareholders") desire that ASAMA acquire 50% of SANP.
(3.2) ASAMA would ACQUIRER of the Preferred "A" Stock of SANP, which will give ASAMA a "controlling interest" in SANP representing the majority voting power of the then issued and outstanding shares of Preferred "A" Stock.
(3.3) The transaction will immediately close but shall be conditioned upon the following:
(a) The issuance of Preferred "A" Stock of SANP placed in book value by the Board of Directors of SANP and distributed as follows:
(i) ASAMA
(a) Mr. Dao Duc Thang
(b) Mr. Phan Van Dung 15.5%
(c) Mr. Luong The Anh 15.5%
(ii) Mr. Tony Le 25%
(iii) Mr. Franjose Yglesias 25%
(b) The appointment and restructuring of the Board of Directors of SANP'
(i) Chairman of the Board Mr. Dao Duc Thang
(ii) Mr. Franjose Yglesias Secretary of the Board
(iii) Mr. Tony Le Treasurer of the Board
(iv) Board Member Mr. Phan Van Dung
(v) Board Member Mr. Luong The Anh
(c) The appointment and restructuring of the Executive Directors of SANP;
(i) CEO Mr. Dao Duc Thang
(ii) CMO Mr. Franjose Yglesias Executive Vice-President
(iii) COO Mr. Tony Le
(iv) Executive Vice President of Finance Mr. Luong The Anh
(v) CBD Mr. Phan Van Dung
(vi) Executive Vice President Mr. Ha Tuan Dung
The parties intend that the transactions qualify and meet the Internal Revenue Code requirements for a tax-free reorganization, in which there is no corporate gain or loss recognized by the parties, with reference to Internal Revenue Code CIRC) sections 354 and 368. In addition, the parties agree to take the following actions subsequent to Closing:
(a) ASAMA will pay all the restructuring, accounting, attorney, transfer agent, corporate fillings, SEC fillings up to $80,000USD, to bring SANP current in the OTCMarkets.
(b) ASAMA will complete a full audit to up-list SNAP to fully reporting status
(c) ASAMA will develop a 100,000 TH/s American based crypto mining datacenter, TBD.
4. 'I OTCMarkets reporting" quotation market compliance:
SANP will make all appropriate shareholder notifications in connection with the acquisition, including the change of control and SANP shall cause the same to be filed with the "OTCMarkets I' and or the "SEC" quotation market, if deemed applicable.
5. Florida compliance:
Articles of Exchange are required to be filed by Florida law as the last act to make the plan of exchange final and effective under Florida law.
11. REOGANOZATION
1. Conditions Precedent to Closing.
The obligation of the parties to consummate the transactions contemplated herein are subject to the fulfillment or waiver prior to the closing of the following conditions precedent:
(1.1) Shareholder Approval, SANP and ASAMA shall have secured their shareholders approvals for this transaction, if required, in accordance with the laws of its place of incorporation and its constituent documents.
(1.2) Board of Directors. The Boards of Directors of each of SANP and ASAMA shall have approved the transaction and this agreement, in accordance with the laws of its place of incorporation and its constituent documents.
(1.3) Due Diligence Investigation. Each party shall have furnished to the other party all corporate and financial information which is customary and reasonable, to conduct its respective due diligence, normal for this kind of transaction. If either party determines that there is a reason not to complete the Plan of Exchange as a result of their due diligence examination, then they must give written notice to the other party prior to the expiration of the due diligence examination period. The due diligence period, for purposes of this paragraph, shall have expired on May 10th, 2018. The Closing Date shall be three days after the satisfaction or waiver of all of the conditions precedent to closing set forth in this Plan of Exchange, unless extended to a later date by mutual agreement of the parties.
(1.4) The rights of dissenting shareholders, if any, of each party shall have been satisfied and the Board of Directors of each party shall have determined to proceed with the PLAN OF EXCHANGE.
(1.5) All of the terms, covenants and conditions of the PLAN OF EXCHANGE to be complied with or performed by each party before Closinu shall have been complied with, performed or waived in writing.
(1.6) The representations and warranties of the parties, contained in the Plan of exchange, as herein contemplated, except as amended, altered or waived by the parties in writing, shall be true and correct in all material respects at the Closing Date with the same force and effect as if such representations and warranties are made at and as of such time; and each party shall provide the other with a certificate, certified either individually or by an officer, dated the Closing Date, to the effect, that all conditions precedent have been met, and that all representations and warranties of such party are true and correct as of that date. The form and substance of each party's certification shall be in form reasonably satisfactory to the other.
(1.7) Certification of SANP. It shall be a condition precedent to the obligation of ASAMA and the ASAMA Shareholders to consummate the transactions contemplated herein that the following certifications of SANP, be delivered to ASAM on the date of execution:
SANP is a corporation duly organized and validly existing under the laws of the State of Florida and has all requisite corporate power to own, operate and lease its properties and assets and to carry on its business.
(ii) The authorized capitalization and the number of issued and outstanding capital shares of SANP are accurately and completely set forth in the Plan of Exchange.
(iii) The issued and outstanding shares of SANP (pre-split) new investment shares of Common Stock of SANP to be issued to the SANP Shareholders) have been duly authorized and validly issued and are fully paid and non-assessable.
(iv) SANP has the full right, power and authority to sell, transfer and deliver the (pre-split) new investment shares of Common Stock of SANP to the ASAMA Shareholders, and, upon delivery of the certificates representing such shares as contemplated in the Plan of Exchange, will transfer to the ASAMA Shareholders good, valid and marketable title thereto, free and clear of all liens.
(1.8) Delivery of Closing Documents. It shall be a condition precedent to Closing that SANP deliver physical copies of:
A certificate of good standing for SANP from the State of Florida of recent date acceptable to ASAMA.
A certified copy of SANP Articles of Incorporation of the State of Florida.
Ciii) An executed copy of a consent of the majority shareholders of SANP approving the Plan of Exchange and approving the appointment of ASAMA nominees to the board of directors of SANP.
An executed copy of a resolution by the Board of Directors of SANP approving the Plan of Exchange and approving the appointment of ASAMA nominees as executive officers of SANP,
(v) An executed resignation of all members of the Board of Directors and
Executives of SANPi
A certified shareholder list of SANP signed by Pacific Stock Transfer. (vii) Executed releases of all liens and UCC filings against SANP.
2. Conditions Concurrent and Subsequent to Closing.
(2.1) Delivery of Preferred physical "A" Shares of SANP. Immediately upon or within 30 days from the date of Closing, SANP shall deliver 50% of the beneficial interest of SANP to ASAMA "et al" on.
(2.2) Year-End 2017 and 1st Q 2018 financials for the Over-the-Counter Bulletin Board Quotation Market, Immediately subsequent to the Closing, ASAMA will assist SANP in the process of filling there Year-End 2017 and 1 st Q 2018 financials for the
Over-the-Counter Bulletin Board quotation market, and cover all filing and compliance costs incurred after the Closing.
3. Plan of Exchange
(3.1) Exchange and Reorganization: SANP shall be hereby reorganized, such that ASAMA "et al" shall acquire 50% of the Preferred "A" stock of SANP.
(3.2) Issuance of Preferred "A" Stock: Within 30 days after the effective date of the Plan, SANP shall issue 50% shares of Preferred "A" Stock of SANP to or for the ASAMA "et al" Shareholders.
(3.3) Closing/Effective Date: The PLAN OF EXCHANGE shall become effective immediately upon approval and adoption by the parties hereto, in the manner provided by the law of the places of incorporation and constituent corporate documents, and upon compliance with governmental filing requirements, such as, without limitation, the filing of Articles of Exchange, if applicable under State Law. Closing shall occur when all conditions precedent to closing have been met or are waived by the parties. The Effective Date shall occur when all conditions of the Plan of Exchange have been met or waived by the parties.
(3.4) Surviving Corporations: Both corporations shall survive the exchange and reorganization herein contemplated and shall continue to be governed by the laws of its respective jurisdiction of incorporation.
(3.5) Rights of Dissenting Shareholders: Subsequent to Closing each Party is the entity responsible for the rights of its own dissenting shareholders, if any.
(36) Service of Process and Address: Each corporation shall continue to be amenable to service of process in its own jurisdiction, exactly as before this acquisition. The address of SANP is 3105 NW 107th Ave, Suite 400 Doral, FL 33172. The address of ASAMA is Lo 32A Cong Vien Phan Mem Quang Trung, To Ky St, Ward. Tan Chanh Hiep District. 12, Ho Chi Minh City, Vietnam.
(3.7) Surviving Articles of Incorporation: the Articles of Incorporation of each Corporation shall remain in full force and effect, unchanged,
(3.8) Surviving By-Laws: the By-Laws of each Corporation shall remain in full force and effect, unchanged.
(3.9) Further Assurance, Good Faith and Fair Dealing: the Directors of each Company shall and will execute and deliver any and all necessary documents, acknowledgments and assurances and do all things proper to confirm or acknowledge any and all rights, titles and interests created or confirmed herein; and both companies covenant expressly hereby to deal fairly and in good faith with each other and each others shareholders. In furtherance of the parties desire, as so expressed, and to encourage timely, effective and businesslike resolution the parties agree that any dispute arising between them, capable of resolution by arbitration, shall be submitted to binding arbitration, As a further incentive to private resolution of any dispute, the parties agree that each party shall bear its own costs of dispute resolution and shall not recover such costs from any other party.
(3.10) General Mutual Representations and Warranties. The purpose and general import of the Mutual Representations and Warranties, are that each party has made appropriate full disclosure to the others, that no material information has been withheld, and that the information exchanged is accurate, true and correct. These warranties and representations are made by each party to the other, unless otherwise provided in this agreement, and they speak and shall be true immediately before Closing.
(3.11) Organization and Qualification. Each corporation is duly organized and in good standing, and is duly qualified to conduct any business it may be conducting, as required by law or local ordinance.
(3.12) Corporate Authority, Each corporation has corporate authority, under the laws of its jurisdiction and its constituent documents, to do each and every element of performance to which it has agreed, and which is reasonably necessary, appropriate and lawful, to carry out this Agreement in good faith.
(3.13) Ownership of Assets and Property. Each corporation has lawful title and ownership of it property as reported to the other, and as disclosed in its financial statements,
(3.14) Absence of Certain Changes or Events. Each corporation has not had any material changes of circumstances or events which have not been fully disclosed to the other party, and which, if different than previously disclosed in writing, have been disclosed in writing as currently as is reasonably practicable. Specifically, and without limitation:
(3.15) The business of each corporation shall be conducted only in the ordinary and usual course and consistent with its past practice, and neither party shall purchase or sell (or enter into any agreement to so purchase or sell) any properties or assets or make any other changes in its operations, respectively, taken as a whole, or provide for the issuance of, agreement to issue or grant of options to acquire any shares, whether common, redeemable common or convertible preferred, in connection therewith;
(3.16) Except as set forth in this Plan of Exchange, neither corporation shall (i) amend its Articles of Incorporation or By-Laws, (ii) change the number of authorized or outstanding shares of its capital stock, or (iii) declare, set aside or pay any dividend or other distribution or payment in cash, stock or property to the extent that which might contradict or not comply with any clause or condition set forth in this Plan of Exchange, LOI or Escrow Agreement;
(3.17) Neither corporation shall (i) issue, grant or pledge or agree or propose to issue, grant, sell or pledge any shares of, or rights of any kind to acquire any shares of, its capital stock, (ii) incur any indebtedness other than in the ordinary course of business, (iii) acquire directly or indirectly by redemption or otherwise any shares of its capital stock of any class or (iv) enter into or modify any contact, agreement, commitment or arrangement with respect to any of the foregoing;
(3.18) Except in the ordinary course of business, neither party shall (i) increase the compensation payable or to become payable by it to any of its officers or directors; (ii) make any payment or provision with respect to any bonus, profit sharing, stock option, stock purchase, employee stock ownership, pension, retirement, deferred compensation, employment or other payment plan, agreement or arrangement for the benefit of its employees (iii) grant any stock options or stock appreciation rights or permit the exercise of any stock appreciation right where the exercise of such right is subject to its discretion (iv) make any change in the compensation to be received by any of its officers; or adopt, or amend to increase compensation or benefits payable under, any collective bargaining, bonus, profit sharing, compensation, stock option, pension, retirement, deferred compensation, employment, termination or severance or other plan, agreement, trust, fund or arrangement for the benefit of employees, (v) enter into any agreement with respect to termination or severance pay, or any employment agreement or other contract or arrangement with any officer or director or employee, respectively, with respect to the performance or personal services that is not terminable without liability by it on thirty days notice or less, (vi) increase benefits payable under its current severance or termination, pay agreements or policies or (vii) make any loan or advance to, or enter into any written contract, lease or commitment with, any of its officers or directors;
(3.19) Neither party shall assume, guarantee, endorse or otherwise become responsible for the obligations of any other individual, firm or corporation or make any loans or advances to any individual, firm or corporation, other than obligations and liabilities expressly assumed by the other that party;
(3.20) Neither party shall make any investment of a capital nature either by purchase of stock or securities, contributions to capital, property transfers or otherwise, or by the purchase of any property or assets of any other individual, firm or corporation.
(3.21) Absence of Undisclosed Liabilities. Each corporation has, and has no reason to anticipate having, any material liabilities, which have not been disclosed to the other, in the financial statements or otherwise in writing. Both parties shall hold themselves mutually harmless of any undisclosed liabilities.
(3.22) Legal Compliance. Each corporation shall comply in all material respects with all Federal, state, local and other governmental (domestic or foreign) laws, statutes, ordinances, rules, regulations (including all applicable securities laws), orders, writs, injunctions, decrees, awards or other requirements of any court or other governmental or other authority applicable to each of them or their respective assets or to the conduct of their respective businesses, and use their best efforts to perform all obligations under all contracts, agreements, licenses, permits and undertaking without default,
(3.23) Legal Proceedings. Each corporation has no legal proceedings, administrative or regulatory proceeding, pending or suspected, which have not been fully disclosed in writing to the other.
(3.24) No Breach of Other Agreements. This Agreement, and the faithful performance of this agreement, will not cause any breach of any other existing agreement, or any covenant, consent decree, or undertaking by either, not disclosed to the other.
(3.25) Capital Stock. The issued and outstanding shares and all shares of capital stock of each corporation is as detailed herein, that all such shares are in fact issued and outstanding, duly and validly issued, were issued as and are fully paid and nonassessable shares, and that, other than as represented in writing, there are no other securities, options, warrants or rights outstanding, to acquire further shares of such corporation.
(3.26) Brokers' or Finder's Fees. Each corporation is not aware of any claims for brokers' fees, or finders' fees, or other commissions or fees, by any person not disclosed to the other, which would become, if valid, an obligation of either company.
(3.27) Miscellaneous Provisions
(i) Except as required by law, no party shall provide any information concerning any aspect of the transactions contemplated by this Agreement to anyone other than their respective officers, employees and representatives without the prior written consent of the other parties hereto. The aforesaid obligations shall terminate on the earlier to occur of (a) the Closing, or (b) the date by which any party is required under its articles or bylaws or as required by law, to provide specific disclosure of such transactions to its shareholders, governmental agencies or other third parties. In the event that the transaction does not close, each party will return all confidential information furnished in confidence to the other. In addition, all parties shall consult with each other concerning the timing and content of any press release or news release to be issued by any of them.
(ii) This Agreement may be executed simultaneously in two or more counterpart originals. The parties can and may rely upon facsimile signatures as binding under this Agreement, however, the parties agree to forward original signatures to the other parties as soon as practicable after the facsimile signatures have been delivered.
(iii) The Parties to this Agreement have no wish to engage in costly or lengthy litigation with each other. Accordingly, any and all disputes, which the parties cannot resolve by agreement or mediation, shall be submitted to binding arbitration under the rules and auspices of any competent arbitration association. As a further incentive to avoid disputes, each party shall bear its own costs, with respect thereto, and with respect to any proceedings in any court brought to enforce or overturn any arbitration award. This provision is expressly intended to discourage litigation and to encourage orderly, timely and economical resolution of any disputes, which may occur. This Agreement shall be governed by and interpreted in accordance with the laws of the State of Florida, U.S.A. applicable to agreements made and to be performed in that state, without regard to any of its principles of conflicts of laws or other laws, which would result in the application of the laws of another jurisdiction, This Agreement shall be construed and interpreted without regard to any presumption against the party causing this Agreement to be drafted. In the unlikely event that the parties to this Agreement do not enter into binding arbitration in connection with any action, suit or proceeding between the parties relating to this Agreement, or transactions contemplated hereby and thereby, each of the parties unconditionally and irrevocably consents to the exclusive jurisdiction of the courts of the State of Florida located in Broward County and the Federal District Court for the District Court of Florida. Each of the parties hereto unconditionally and irrevocably waives any objection to venue in Broward County. Each of the parties hereto hereby waives its rights to a jury trial of any claim or cause of action based upon or arising out of this Agreement or the transactions contemplated hereunder-including contract claims, tort claims, breach of duty claims and all other common law or statutory claims. Each Of the parties hereto hereby represents and agrees that each has reviewed this waiver and each knowingly and voluntarily waives its rights to a jury trial following consultation with legal counsel. In the event of litigation, a copy of this Agreement may be filed as a written consent to a trial by the court.
(iv) If any provision of this Agreement or the application thereof to any person or situation shall be held invalid or unenforceable, the remainder of the Agreement and the application of such provision to other persons or situations shall not be effected thereby but shall continue valid and enforceable to the fullest extent permitted by law,
(3.28) No waiver by any party of any occurrence or provision hereof shall be deemed a waiver of any other occurrence or provision,
(3.29) The parties acknowledge that both they and their counsel have been provided ample opportunity to review and revise this agreement and that the normal rule of construction shall not be applied to cause the resolution of any ambiguities against any party presumptively,
4. Termination.
The PLAN OF EXCHANGE may be terminated by written notice, at any time prior to closing, (i) by mutual consent, or (ii) by either party during the due diligence phase. In the event that termination of the PLAN OF EXCHANGE by either or both, as provided above, the PLAN OF EXCHANGE shall forthwith become void and there shall be no liability on the part of either party or their respective officers and directors.
5. Closing.
The parties hereto contemplate that the closing of this Plan of Exchange shall occur no more than three days after all of the conditions precedent have been met or waived, The closing deliveries will be made pursuant to this Agreement, In addition, within 30 days of signing the Plan of Exchange, SANP shall issue to the ASAMA "et al" shareholders 50% of Preferred "N' Stock of SANPL
6. Merger Clause.
1. This Plan of Exchange constitutes the entire agreement of the parties hereto with respect to the subject matter hereof, and such document supersedes all prior understandings or agreements between the parties hereto, whether oral or written, with respect to the subject matter hereof, all of which are hereby superseded, merged and rendered null and void. (1) In the event there is a monetary default of Clause 3: Additional requirements, Paragraph 6,7 and 8 by ASAMA "et al" and or SANP (while under the control of ASAMA), they shall have 14 calendar days to remedy the default or the entire agreement will become immediately null and void and all exchanged shares, common stock, or Preferred Shares described in Clause 2 & 3 of the agreement shall be immediately returned and or surrender back to the original issuing company as if this agreement had never been entered into and following the return of the shares there shall be no further liability to either of the parties.
IN WITNESS WHEREOF, The parties hereto, intending to-be bound, hereby sign this Plan of Exchange below as of the date first written above.
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