EXHIBIT 10.6
CONFIDENTIAL
Agreement between
Asia Properties, Inc. (API)
And
Xxxxx Xxxxx (Xxxxx)
WHEREAS:
1. Simon returns two share certificates; - one in his name with 1,000,000
shares in API, and one in Napaporn's name with 500,000 shares in
API to API.
2. Simon returns from the Board of Directors of API with effect from
1st January 1999.
And API gives to Simon the following:
A new share certificate (144 restricted stock) for 100,000 shares in API
and a payment of US$ 60,000.
IT IS AGREED THAT:
API will deposit US$ 60,000 into an account nominated by Simon. On receipt of
the money, Simon will give to Xxxxxxxx St. Xxxxxxxx, (Xxxxxxxx) a Director of
API, the following:
Two share certificates; - one in his name with 1,000,000 shares in API, and one
in Napaporn's name with 500,000 shares in API
And Xxxxxxxx will give to Simon a new share certificate (144 restricted stock)
for 100,000 shares in API
And
Simon will sign a letter of retirement as attached.
Agreed:
/S/ XXXXX XXXXX
Xxxxx Xxxxx
Xxxxxxxx St. Xxxxxxxx
Representing Asia Properties, Inc.
/S/ XXXXXXXX ST. XXXXXXXX
Witness:
Dated: 16 Nov 98
16th November 1998
To Asia Properties, Inc.
From: Xxxxx Xxxxx
As of 1st January 1999, I will retire from the Board of Directors of Asia
Properties, Inc. and will not stand for re-election.
/S/ XXXXX XXXXX
Xxxxx Xxxxx
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