from 8-K
1 page
Agreement to Cancel Exchange of Securities This Agreement, Made This Day of December, 2000, by and Between East Coast Beverage Corp. ("Ecbc"), Startalk Holdings, Inc. ("Sth"), and the Shareholders of Sth Is Made for the Purpose of Setting Forth the Terms and Conditions Upon Which the Exchange of the Common Stock of Sth for the Series B Preferred Stock of Ecbc Will Be Cancelled. in Consideration of the Mutual Promises, Covenants, and Representations Contained Herein, the Parties Hereto Agree as Follows: 1. Cancellation of Exchange Securities Ecbc Does Hereby Return to the Shareholders of Sth the Shares of Sth Which Were Transferred to Ecbc by Virtue of the November 3, 2000 Agreement Between the Parties (The "Exchange Agreement"). the Shareholders of Sth Do Hereby Return to Ecbc the 8,900,000 Series B Preferred Shares of Ecbc Which They Received by Virtue of the Exchange Agreement. 2. Effective Date the Parties Above Agree That the Cancellation of the Shares Described in Section 1 Will Be Effective as of November 3, 2000. 3. Financial Information Sth Agrees to Provide Ecbc With Complete Information Regarding (I) All Payments Made by Sth on Behalf of Ecbc and (II) Any Agreements Made by Any Officer, Director, or Employee of Sth on Behalf of Ecbc or Which Would Affect Ecbc's Business, Properties or Operations. Agreed to and Accepted as of the Date First Written Above: East Coast Beverage Corp. Jack Namer, Chief Executive Officer Startalk Holdings, Inc. Jack Namer, President Shareholders of Startalk Holdings, Inc. Sidney Sobel <page> Aicon Investments, Limited by Genco Overseas Ventures Limited by Fpi, Inc. By
