ASURA DEVELOPMENT GROUP, INC. - FORM 10-Q - EX-10 - AGREEMENT ON ANNULMENT DATED 04-16-2010 - August 16, 2010

Attached files

file filename
10-Q - FORM 10-Q FOR 06-30-2010 - ASURA DEVELOPMENT GROUP, INC.iaglobal_10-q.htm
EX-10 - LETTER OF INTENT DATED 04-19-2010 - ASURA DEVELOPMENT GROUP, INC.ex_10-5.htm
EX-10 - AMENDMENT TO STOCK PURCH AGRMNT DATED 04-16-2010 - ASURA DEVELOPMENT GROUP, INC.ex_10-2.htm
EX-10 - STOCK PURCHASE AGREEMENT DATED 04-15-2010 - ASURA DEVELOPMENT GROUP, INC.ex_10-1.htm
EX-10 - SHARE EXCHANGE AGREEMENT DATED 06-04-2010 - ASURA DEVELOPMENT GROUP, INC.ex_10-9.htm
EX-10 - SHARE EXCHANGE AGREEMENT DATED 05-20-2010 - ASURA DEVELOPMENT GROUP, INC.ex_10-7.htm
EX-10 - LETTER OF INTENT DATED 05-21-2010 - ASURA DEVELOPMENT GROUP, INC.ex_10-8.htm
EX-31 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF PFO - ASURA DEVELOPMENT GROUP, INC.ex_31-2.htm
EX-31 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF PEO - ASURA DEVELOPMENT GROUP, INC.ex_31-1.htm
EX-32 - SECTION 906 CERTIFICATIONS - ASURA DEVELOPMENT GROUP, INC.ex_32-1.htm
EX-10 - AMENDMENT TO STOCK PURCH AGRMNT DATED 04-16-2010 - ASURA DEVELOPMENT GROUP, INC.ex_10-3.htm
EX-10 - SUBSCRIPTION AGREEMENT DATED 06-08-2010 - ASURA DEVELOPMENT GROUP, INC.ex_10-10.htm
EX-10 - STOCK PURCHASE AGREEMENT DATED 06-15-2010 - ASURA DEVELOPMENT GROUP, INC.ex_10-11.htm
EX-10 - STOCK PURCHASE AGREEMENT DATED 06-28-2010 - ASURA DEVELOPMENT GROUP, INC.ex_10-12.htm
EX-10 - AMENDMENT TO EMPLOYMENT AGREEMENT DATED 05-17-2010 - ASURA DEVELOPMENT GROUP, INC.ex_10-6.htm

EXHIBIT 10.4

Translated from Japanese


Agreement on Annulment of Deposit Contract


The deposit contract concluded on December 18th 2009 is hereby annulled by agreement between IA Global (hereafter referred to as ‘Party A’), Inter Asset Japan LBO No.1 Fund (a voluntary partnership, hereafter referred to as ‘Party B’) being a capital investor in Party A, the Beseto Partners LLC establishment preparatory committee (hereafter referred to as ‘Party C’) being the establishment preparatory committee for the venture capital fund applying for a license from the government of the Republic of Korea and headed by Mr K. H. Lee being the Vice Chairman of Tozai Holdings Inc. of  the Republic of Korea, and M&A Japan (hereafter referred to as ‘Party D) being the partner in the venture capital fund, and the investments that were the objective of that agreement are canceled.


It is verified that none of the parties to the agreement are liable for any statutory responsibilities associated with the contract and that no litigation or liability exists. Four copies of this document have been prepared, each copy to be named and signed by each party, each party to retain one copy.


April 16, 2010



Party A  

Suite 2450, 101 California Street

 

SanFrancisco Ca 94111 USA

 

 

 

 

 

 

 

/s/ Brian Hoekstra

 

CEO Brian Hoekstra

 

 

 

 

Party B  

Inter Asset Japan LBO No.1 Fund

 

Executive partnership member Inter Asset Japan Inc.

 

Representative Director, Hideaki Saito

 

9F Daiichi Akiyama Building, Toranomon 2-3-22, \

 

Minato-ku, Tokyo, Japan

 

 

 

 

Party C  

Beseto Partners

 

Establishment preparatory committee

 

Representative, K. H. Lee

 

Daechi-dong Ganbnam-ku 942-1

 

Seoul 135-845, Republic of Korea

 

 

 

 

Party D  

M&A Japan Inc.

 

CEO, Koichi Miyagawa

 

1-4-3-301 Hon-cho Shibuya-ku, Tokyo, Japan


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