EX-2
from 8-K
1 page
O'NEILL Enterprises Inc. 141-6200 McKay Avenue Burnaby, Bc V5h 4m9 April 30, 2007 Eyi Industries, Inc. 7865 Edmonds Street Burnaby, Bc V3n 1b9 Attention: Jay Sargeant Re: Consulting Agreement ("Agreement") Dated January 1, 2004 Between Eyi Industries, Inc. ("Eyi") and O'NEILL Enterprises Inc. ("O'neill") Dear Mr. Sargeant, Please Accept This Letter as Notice to Terminate the Above Mentioned Agreement Between Eyi and O'NEILL Effective April 30, 2007 and Confirm Eyi's Acceptance to Waive the One Year Written Notice Requirement. if You Have Any Questions Please Do Not Hesitate to Contact Me. Yours Truly, /S/ Dori O'NEILL Dori O'NEILL President Agreed and Accepted This 30th Day of April, 2007. Eyi Industries, Inc. Per: /S/ Jay Sargeant Jay Sargeant President and CEO
12/34/56
EX-2
from 10QSB
1 page
Termination Agreement This Termination Agreement (The "Agreement") Is Made and Entered Into Effective as of May 13, 2005, by and Between Eyi Industries, Inc. a Nevada Corporation (The "Company"), and Cornell Capital Partners, LP, a Delaware Limited Partnership (The "Investor"). Recitals: Whereas, the Company and the Investor Entered Into a Standby Equity Distribution Agreement (The "Standby Equity Distribution Agreement"); a Registration Rights Agreement (The "Registration Rights Agreement") and an Escrow Agreement All of Which Are Dated as of June 22, 2004 (The "Escrow Agreement"). (Collectively, the Standby Equity Distribution Agreement, the Registration Rights Agreement, and the Escrow Agreement Are Referred to Herein as the "Transaction Documents." Now, Therefore, in Consideration of the Promises and the Mutual Promises, Conditions and Covenants Contained Herein and in the Transaction Documents and Other Good and Valuable Consideration, Receipt of Which Is Hereby Acknowledged, the Parties Hereto Agree as Follows: 1. Termination. Each of the Parties to This Agreement Hereby Terminates the Transaction Documents and the Respective Rights and Obligations Contained Therein. as a Result of This Provision, None of the Parties Shall Have Any Rights or Obligations Under or With Respect to the Transaction Documents. in Witness Whereof, the Parties Have Signed and Delivered This Termination Agreement on the Date First Set Forth Above. Eyi Industries, Inc. By:/S/ Dori O'NEILL Name: Dori O'NEILL Title: Chief Operating Officer Cornell Capital Partners, LP By: Yorkville Advisors, LLC Its: General Partner By:/S/ Mark A. Angelo Name: Mark A. Angelo Title: Portfolio Manager
12/34/56
EX-2
from 10KSB
1 page
Promissory Note for Value Received the Undersigned Hereby Promises to Pay to or to the Order of Eyi Industries, Inc. (The "Lender") at 3960 Howard Hughes Parkway, Suite 500, Las Vegas, Nevada 89109 on Demand, the Principal Sum of $180,000 US Together With Interest Thereon at the Rate of 4% Per Annum Both Before and After Maturity From the Date Hereof. Should the Undersigned Commit an Event of Default Under the Terms and Conditions of the Loan Agreement Between the Undersigned and the Lender Dated the 10th Day of February, 2005, the Principal Sum Remaining Unpaid Together With Interest Thereon as Aforesaid Shall Be Due and Payable Forthwith Without Demand. the Undersigned Waives Presentment, Demand, Notice, Protest and Notice of Dishonour and All Other Demands and Notices in Connection With the Delivery, Acceptance, Performance, Default or Enforcement of This Promissory Note. Dated at Vancouver, British Columbia, This 10th Day of February, 2005. /S/ Janet Carpenter Janet Carpenter
12/34/56
