Exhibit 99.2 Letter of Notice of Termination
------------- -----------------------------------
Xxxxx X. Xxxxxxxx, Esq.
LOEB & LOEB LLP
00000 Xxxxx Xxxxxx Xxxx., Xxxxx 0000
Xxx Xxxxxxx, XX 00000-0000
Re: Highway One-Oweb/Export Erez USA merger
Dear Xx. Xxxxxxxx:
This letter is to advise you that by a Consent Resolution of its Sole
Director Xxxx Xxxxxxxx, Highway One-Oweb, Inc. has elected to abandon and
terminate the Agreement and Plan of Merger it entered into with Export Erez USA
on December 21, 2001. Our reason for taking this action is that we have not
received any of the corporate documents of Export Erez, USA that are required to
be delivered under paragraph 7.4 of the agreement and because no other actions
have been taken by Export Erez or its acting agents to move the transaction
forward.
We think abandonment of this Agreement would be in the best interest of
both corporations and seek your assistance in presenting this letter, and the
attached Consent Resolution, to your client with a view to securing a mutual
written termination of the agreement signed by both parties. Please review the
situation, discuss it with your client, and advise.
Very truly yours,
HIGHWAY ONE-OWEB, INC.
/s/ Xxxx Xxxxxxxx
Xxxx Xxxxxxxx, President and Sole Director
Encl.
