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SHARE CANCELLATION/RETURN TO TREASURY AGREEMENT

THIS AGREEMENT made the 5th day of November, 2010

BETWEEN:

Horiyoshi Worldwide Inc.
(the "Company")

AND:

Mitsuo Kojima
("Kojima")

WHEREAS:

A.      Kojima is the holder of 64,866,000 shares of the Company’s common stock
and agrees herein to cancel all 64,866,000 of such shares (the “Kojima Shares”);

B.      The Company wishes to close a share exchange agreement with Horiyoshi
the Third Limited, and one of the conditions to closing is the consummation of
this Agreement;

C.      As the President, Chief Executive Officer, and sole director of the
Company, Kojima agrees to the cancellation of the Kojima Shares in order to
further the business interests and prospects of the Company, and

D.      Each of the Company and Kojima deem it to be in their respective best
interests to immediately cancel the Kojima Shares.

NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the mutual
covenants contained herein (the sufficiency whereof is hereby acknowledged by
the parties hereto) and the closing of the share exchange agreement with
Horiyoshi the Third Limited., the parties hereby agree to and with each other as
follows:

1. CANCELLATION OF KOJIMA SHARES

  1.1 The Kojima Shares shall be cancelled effective on the date of this
Agreement.

2. RELEASE

  2.1

Kojima, personally and on behalf of with his attorneys, heirs, executors,
administrators, and assigns, does hereby remise, release and forever discharge
the Company, its respective directors, officers, shareholders, employees and
agents, and their respective successors and assigns, of and from all claims,
causes of action, suits and demands whatsoever which Kojima ever had, now or may
have howsoever arising out of the original grant and this cancellation of the
Kojima Shares.

3. COUNTERPARTS

  3.1

This Agreement may be executed in several counterparts, each of which will be
deemed to be an original and all of which will together constitute one and the
same instrument.

4. ELECTRONIC MEANS

  4.1

Delivery of an executed copy of this Agreement by electronic facsimile
transmission or other means of electronic communication capable of producing a
printed copy will be

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deemed to be execution and delivery of this Agreement as of the date set forth
on page one of this Agreement.

5. FURTHER ASSURANCES

  5.1

As and so often as may be required, the parties will execute and deliver all
such further documents, do or cause to be done all such further acts and things,
and give all such further assurances as in the opinion of the Company or its
counsel are necessary or advisable to give full effect to the provisions and
intent of this Agreement.

6. PROPER LAW

  6.1

This Agreement will be governed by and construed in accordance with the law of
the State of Nevada.

7. INDEPENDENT LEGAL ADVICE

  7.1

By signing this Agreement, Kojima confirms that he fully understands this
Agreement and has obtained independent legal advice.

8. NO CONSOLIDATION

  8.1

The Company agrees that it will not undertake any reverse splits or
consolidations of its issued, outstanding or authorized common stock for a
period of 3 months from the date of this Agreement.

IN WITNESS WHEREOF the parties have executed and delivered this Agreement.

HORIYOSHI WORLDWIDE INC.

Per: /s/ Mitsuo Kojima     Director, President and Chief Executive Officer  

MITSUO KOJIMA

/s/ Mitsuo Kojima

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