Attached files
| file | filename |
|---|---|
| 8-K - LOGIQ, INC. | v207382_8k.htm |
6 Windsor
Park Hill
Singapore 574198
December
2, 2010
Sinobiomed
Inc.
Room
4304, 43/F China Resources Building
26
Harbour Road, Wan Chai
Hong
Kong
Attention:
Mr. Chris Metcalf, Chairman & Director
Dear
Sir:
|
Re:
|
Settlement
and Conversion of US$561,370.34 debt owing from Sinobiomed Inc. to Michael
Tan
|
I hereby
agree to the settlement of the US$561,370.34 debt owed to me from Sinobimoed
Inc. (the “Company”), which includes a principal amount of $500,000 plus
interest of $61,370.34, in exchange for the conversion of such debt into
10,000,000 shares of common stock of the Company at a conversion price of
$0.0561 per share.
If the
foregoing is satisfactory, please indicate your agreement by executing a copy of
this letter where indicated below and returning an originally signed copy to the
undersigned on or before December 6, 2010.
I
appreciate your prompt response and action in settling the above
matter.
Yours
truly,
/s/
Michael Tan
MICHAEL
TAN
The above
terms and conditions are acknowledged and agreed to this 6th day of
December, 2010.
SINOBIOMED
INC.
per:
/s/ George
Yu
(Authorized
Signatory)