Company Commission Documents Uses in Absence of Undisclosed Liabilities Clause

Absence of Undisclosed Liabilities from Stock Purchase Agreement

This Stock Purchase Agreement (this "Agreement") is dated as of June 30, 2006, by and between Michael Vardakis ("Seller") and David Price ("Price"). Seller herby agrees that Price may assign all or any portion of his rights and obligations under this Agreement to one or more transferees ("Permitted Designees"). Each Permitted Designee, if any, will be an "accredited investor" as such term is defined in Rule 501 of Regulation D promulgated by the Securities and Exchange Commission (the "Commission") under the Securities Act of 1933 (the "Securities Act"). As used in this Agreement, the term "Buyer" means Price and/o r the Permitted Designees purchasing any of Seller's shares of Common Stock, par value $.0001 per share ("Common Stock") of Syntony Group, Inc., a Utah corporation (the "Company"), pursuant to this Agreement, and the term "Parties" means Seller and Price and/or Price's Permitted Designees.

Absence of Undisclosed Liabilities. The Company does not have any liabilities, obligations or claims of any kind whatsoever, whether secured or unsecured, accrued or unaccrued, fixed or contingent, matured or unmatured, known or unknown, direct or indirect, contingent or otherwise and whether due or to become due (referred to herein individually as a "Liability" and collectively as "Liabilities"), other than: (a) Liabilities that are fully reflected or reserved for in the consolidated balance sheet as at December 31, 2005 (the "Balance Sheet") included in the Company's Form 10-KSB filed with the Commission; or (b) Liabilities that are set forth on the Disclosure Schedule.

Absence of Undisclosed Liabilities from Installment Purchase Agreement

This Installment Purchase Agreement (this "Agreement") is dated as of June 30, 2006, by and between Michael Vardakis ("Seller") and David Price ("Price"). Seller herby agrees that Price may assign all or any portion of his rights and obligations under this Agreement to one or more transferees ("Permitted Designees"). Each Permitted Designee, if any, will be an "accredited investor" as such term is defined in Rule 501 of Regulation D promulgated by the Securities and Exchange Commission (the "Commission") under the Securities Act of 1933 (the "Securities Act"). As used in this Agreement, the term "Buyer" means Price and/or the Permitted Designees purchasing any of Seller's shares of Common Stock, par value $.0001 per share ("Common Stock") of Syntony Group, Inc., a Utah corporation (the "Company"), pursuant to this Agreement, and the term "Parties" means Seller and Price and/or Price's Permitted Designees.

Absence of Undisclosed Liabilities. The Company does not have any liabilities, obligations or claims of any kind whatsoever, whether secured or unsecured, accrued or unaccrued, fixed or contingent, matured or unmatured, known or unknown, direct or indirect, contingent or otherwise and whether due or to become due (referred to herein individually as a "Liability" and collectively as "Liabilities"), other than: (a) Liabilities that are fully reflected or reserved for in the consolidated balance sheet as at December 31, 2005 (the "Balance Sheet") included in the Company's Form 10-KSB filed with the Commission; or (b) Liabilities that are set forth on the Disclosure Schedule.