Exhibit 10.2 DEBT SETTLEMENT AGREEMENTSettlement Agreement • May 25th, 2007 • Aquatic Cellulose International Corp • Heavy construction other than bldg const - contractors
NEW CENTURY ENERGY CORP. 5851 SAN FELIPE, SUITE 775 HOUSTON, TEXAS 77057 OFFICE 713-266-4344 -- FAX 713-266-4358Aquatic Cellulose International Corp • May 25th, 2007 • Heavy construction other than bldg const - contractors • Texas
October 6, 2006 Mr. Sheridan Westgarde Aquatic Cellulose International Corporation Suite #5. 2504 43rd St. Vernon, British Columbia VlT 6Ll Dear Mr. Westgarde: This letter constitutes a release and relinquishment by the undersigned to any right to...Aquatic Cellulose International Corp • May 25th, 2007 • Heavy construction other than bldg const - contractors
This letter constitutes a release and relinquishment by the undersigned to any right to receive any shares of stock in Aquatic Cellulose International Corporation ("Aquatic"). This includes, but is not limited to a release and relinquishment of the rights to receive shares of stock in Aquatic granted by the First Amendment of Purchase and Sale & Exploration Agreement made and entered into effective January 1, 2005 between Aquatic and New Century Energy Corp. and Century Resources, Inc.
DIRECTOR AND EXECUTIVE EMPLOYMENT AGREEMENTDirector and Executive Employment Agreement • May 25th, 2007 • Aquatic Cellulose International Corp • Heavy construction other than bldg const - contractors • Nevada
Exhibit 10.8 CONSULTANT AGREEMENT Consultant Agreement, between Aquatic Cellulose (the "Company") and Les Westgarde (the " Consultant "). 1. For good consideration, the Company employs the consultant on the following terms and conditions. 2. TERM OF...8 Consultant Agreement • May 25th, 2007 • Aquatic Cellulose International Corp • Heavy construction other than bldg const - contractors
Exhibit 10.3 TECHNOLOGY PURCHASE AND SALE AGREEMENT This TECHNOLOGY PURCHASE AND SALE AGREEMENT (this "AGREEMENT"), dated October 17th, 2006, by and between the individual Gary Ackles, mailing address Box 1952, Vernon, British Columbia, Canada, V1T...3 Technology Purchase and Sale Agreement • May 25th, 2007 • Aquatic Cellulose International Corp • Heavy construction other than bldg const - contractors • Nevada
MEMORANDUM CONCERNING THE TERMINATION OF THE DEVELOPMENT AGREEMENTAquatic Cellulose International Corp • May 25th, 2007 • Heavy construction other than bldg const - contractors
New Century Energy Corporation and Aquatic Cellulose International Corporation (together, the "New Century Group") and Strong Petroleum Group,Inc. ("Strong")entered into a Development Agreement (the "Development Agreement")effective April 1,2005, covering the oil and gas interest in the land located in Jim Hogg County,Texas, more particularly described in Exhibit "A" ("Contact Area"). The term of the Development Agreement has, as of September 21, 2006, run. This memorandum represents an acknowledgement that: (1) Strong did not earn any interest in the Contract Area or any personal property, equipment and fixtures associated with the oil and gas operations on the Contract Area; and (2) given the Development Agreement's term is over, Strong is not capable of earning any interest in the future under that Development Agreement.
