Attached files
Exhibit 10.12
ASPA GOLD CORP.
(FORMERLY KNOWN AS RENAISSANCE BIOENERGY INC.)
CANCELLATION OF ACCRUED COMPENSATION
The undersigned present or former officer or director of ASPA Gold Corp.
(formerly known as Renaissance BioEnergy Inc.), a Nevada corporation
("Company"), is owed compensation (the "Payable") by the Company for past or
future services. The Company is entering into a Line of Credit Loan Agreement
(the "Loan Agreement") with North American Gold & Minerals Fund ("Lender"),
pursuant to which Lender will make available to the Company an unsecured line of
credit. As a condition to entering into the Loan Agreement, Lender requires that
the undersigned cancel and forgive, in its entirety, the Payable. Accordingly,
for good and valuable consideration and intending to be legally bound hereby,
the undersigned hereby cancels and forgives, in its entirety, any accrued
compensation owed by the Company for past or future services: The undersigned
represents and warrants that the amount set forth below constitutes all sums
owing to the undersigned with respect to past or future services to the Company.
The undersigned will claim no further compensation from the Company and hereby
consents to termination by the Company of any agreement or arrangement pursuant
to which such compensation was accrued.
Name: Jeffrey Wolin
Amount: $55,580.65
Each of Company and Lender shall be beneficiaries entitled to enforce this
Cancellation.
This Cancellation shall be governed by and construed in accordance with the laws
of the State of Nevada (other than conflict-of-laws principles). The undersigned
hereby consents to the jurisdiction of the State and Federal courts sitting in
Clark County, Nevada, for all cases and controversies arising from this
Cancellation and acknowledges that said courts are not "inconvenient forums."
IN WITNESS WHEREOF, the undersigned has executed and delivered this Cancellation
as of the day and year set forth below.
JEFFREY WOLIN
/s/ Jeffrey Wolin
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Date: November 30, 201