Exhibit 10.1
 
SHARE CANCELLATION AGREEMENT
 
THIS SHARE CANCELLATION AGREEMENT (this “Agreement”) is made and entered into as
of this 22nd day of August, 2011, by and between DE Acquisition 3, Inc., a
Delaware corporation (“the Company”), and the stockholders of the Company, as
set forth on Schedule I attached hereto (such stockholders collectively referred
to herein as the “Stockholders”).  Capitalized terms used herein and not
otherwise defined herein shall have the meanings ascribed to them in the
Exchange Agreement (as hereinafter defined).
 
RECITALS
 
WHEREAS, as of the date hereof, the Company entered into a Share Exchange
Agreement (the “Exchange Agreement”) pursuant to which the Company acquired 100%
of the issued and outstanding equity interests of Top Yield Holding Ltd., a
British Virgin Islands company (“Top Yield”) in exchange for the issuance of
16,705,406 shares of our common stock, par value $0.0001 per share (the “Common
Stock”), a copy of which is attached hereto as Exhibit A;

WHEREAS, pursuant to the terms of the Exchange Agreement, and as a condition to
the completion of the transactions contemplated by the Exchange Agreement, the
Company agreed to enter into an agreement with the Stockholders to cancel an
aggregate of 4,058,588 shares of the Company’s Common Stock, as such shares are
more particularly set forth on Schedule I attached hereto (the “Shares”); and

WHEREAS, the Stockholders acknowledges that it would benefit from the completion
of the transactions contemplated by the Exchange Agreement.

NOW, THEREFORE, for and in consideration of the execution and delivery of the
Exchange Agreement, and the payment of good and valuable consideration pursuant
to the Exchange Agreement, the receipt and sufficiency of which is hereby
acknowledged, the Company and the Stockholder, each intending to be legally
bound by this Agreement, hereby agree as follows:

AGREEMENT

1.  DUTIES

1.1  Rights and Obligations of the Parties.  The parties shall be entitled to
such rights and shall perform such duties as set forth herein.  In the event
that the terms of this Agreement conflict in any way with the provisions of the
Exchange Agreement, the Exchange Agreement shall control.
 
1.2 Cancellation of Shares.  On the Closing Date, the Shares held by the
Stockholders shall be deemed automatically cancelled.
 
  1.3 Warrants.  On the Closing Date, the Stockholders will receive an aggregate
of 753,129 warrants to purchase the Company’s Common Stock at a price of $4.25
within two years of the date hereof.
 
 
 
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1.3 Execution of Further Documentation.  The Stockholders agree to execute any
and all documents, including, but not limited to, stock powers for the stock
certificates representing the Shares, as the Company reasonably determines
necessary to effect the cancellation of Shares pursuant to the terms of this
Agreement.
 
2.  DIVIDENDS; VOTING RIGHTS; STOCK SPLITS
 
2.1  Cash Dividends; Voting Rights.  Prior to the Closing of the Exchange
Agreement, the Stockholders shall have rights to cash or stock dividends with
respect to any uncancelled Shares, if any, and have rights to vote their
respective uncancelled Shares, if any such matter requiring stockholder approval
shall arise.

2.2  Stock Splits; Stock Dividends.  In the event of any stock split or other
similar transaction with respect to the Company’s Common Stock that becomes
effective prior to Closing of the Exchange Agreement, the additional shares
issued with respect to the Shares to be cancelled shall be similarly cancelled.
 
3.  MISCELLANEOUS
 
3.1  Transferability.  None of the rights and obligations of the Stockholders
hereunder shall be transferable.
 
3.2  Notices.  Any notices or other communications required or permitted under
this Agreement shall be in writing and shall be sufficiently given if sent by
(i) registered or certified mail, postage prepaid, addressed as follows, (ii)
facsimile to the facsimile numbers identified below or (iii) overnight courier
(such as UPS or FedEx), addressed as follows:
 
 

If to the Company:  
DE Acquisition 3, Inc.
c/o New Asia Partners LLC
US Bancorp Center, Suite 2690
800 Nicollet Mall
Minneapolis, MN 55402
Fax: 612-338-7332
Attention: Dennis Nguyen
 
If to the Stockholders:
 
to the address set forth next to the name of each of the Stockholders in
Schedule I,

 
or such other person or address as shall be furnished in writing by any of the
parties and any such notice or communication shall be deemed to have been given
as of the date so mailed.
 
3.3           Construction.  The validity, enforcement and construction of this
Agreement shall be governed by the laws of the State of Delaware, regardless of
the laws that might otherwise govern under applicable principles of conflicts of
laws thereof.
 
 
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3.4           Binding Effect.  This Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective heirs, legatees, assigns
and transferees, as the case may be.
 
3.5           Severability.  If any provision or section of this Agreement is
determined to be void or otherwise unenforceable, it shall not affect the
validity or enforceability of any other provisions of this Agreement which shall
remain enforceable in accordance with their terms.
 
3.6           Interpretation.  The headings and subheadings contained in this
Agreement are for reference only and for the benefit of the parties and shall
not be considered in the interpretation or construction of this Agreement.  This
Agreement shall be construed and interpreted without regard to any rule or
presumption requiring that it be construed or interpreted against the party
causing it to be drafted.
 
3.7           Execution in Counterparts.  This Agreement may be executed in any
number of counterparts (including facsimile counterparts), each of which shall
be deemed to be an original, but all of which together shall constitute one and
the same instrument.
 
3.8           Amendments.  This Agreement may be amended from time to time but
only by written agreement signed by all of the parties hereto.
 
3.9           Entire Agreement.  This Agreement constitutes the entire
understanding and agreement of the parties relating to the subject matter hereof
and supersedes any and all prior understandings, agreements, negotiations and
discussions, both written and oral, between the parties hereto with respect to
the subject matter hereof.
 

 
[Signatures appear on following page]
 
 
 
 
 
 
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IN WITNESS WHEREOF, the parties have executed this Share Cancellation Agreement
as of the day and year first above written.

DE ACQUISITION 3, INC.
 
 
By: ________________________
      Dennis Nguyen, President
 
 
 
 
 
 
STOCKHOLDERS
 
 
NEW ASIA PARTNERS LLC
 
 
By: ________________________
      Dennis Nguyen, Chairman
 
 
PINNACLE INVESTMENT GROUP
 
 
By: ________________________
       Jeffrey Peterson, Managing Partner
 
 
WYNCREST CAPITAL, INC.
 
 
By: ________________________
       Ronald Eibensteiner, President
 
 
NORTHLAND DIRECTIONS, INC.
 
By: ________________________
       Randy Nitsche, CEO
 
 
ROBERT CASTLE
 
 
___________________________
 
 

 
SIGNATURE PAGE TO SHARE CANCELLATION AGREEMENT
 
 
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SCHEDULE I

Stockholder
Pre-Closing Shares
Shares to be Cancelled
Post-Closing Shares
Warrants
New Asia Partners LLC
US Bancorp Center
Suite 2690
800 Nicollet Mall
Minneapolis, MN 55402
 
4,325,000
 
3,510,679
 
814,321
 
651,457
Wyncrest Capital, Inc.
US Bancorp Center
Suite 2690
800 Nicollet Mall
Suite 2690
Minneapolis, MN 55402
 
500,000
 
405,859
 
94,141
 
75,313
Northland Directions, Inc.
45 South 7th Street
Suite 2000
Minneapolis, MN  55402
37,500
30,439
7,061
5,648
Pinnacle Investment Group, LLC
3017 W. 97th Street
Minneapolis, MN 55431
125,000
101,465
23,535
18,828
Robert Castle
45 South 7th Street
Suite 2000
Minneapolis, MN  55402
12,500
10,146
2,354
1,883
 
5,000,000
4,058,588
941,412
753,129

 
 
 
 
 
 
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Exhibit A

Exchange Agreement

 
 

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