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August 22, 2014

Quarry Bay Equity Inc.
1201 Orange Street Suite 600
Wilmington DE 19899
Contact: Tom Sharp
Email: Quarrybay@corphouse.net

Dear Sirs:

Further to our verbal agreement regarding the retirement of your outstanding
debt by way of the issuance of shares of Epoxy, Inc. (the “Company”) common
stock at $0.02 per share, we wish to memorialize our mutual understanding by way
of this letter agreement.  Should you be in agreement with the terms noted
below, please sign and return to us via Email – dave@epoxyapp.com at the very
earliest opportunity.

(1)  
Debt.  As of the date of this letter the Company is currently indebted to Quarry
Bay Equity Inc. (“Quarry bay”) in the amounts as noted below, and as evidenced
by the attached demand promissory notes (collectively referred to as the
“Notes”):

Date of Note:
 
December 14, 2011
   
November 21, 2012
   
December 14, 2011
 
Balance as at August 22, 2014
 
USD$24,150
   
USD$2,500
   
CAD$26,075
 
Converted to USD as of today’s interbank
                 
Rate of 1.09
             
USD$23,922
 
Total(USD):
  $ 24,150     $ 2,500     $ 23,922                       $ 50,572  

(2)  
Quarry Bay acknowledges that the Notes are non-interest bearing and due on
demand;

(3)  
Effective the date hereof, Quarry Bay accepts a total of 2,528,600 shares of the
common stock of the Company (the “Debt Shares”) at a price of $0.02 per share in
full and final settlement of outstanding debt in the total principal amount of
$50,572.

 
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(4)  
Quarry Bay acknowledges they are a company duly incorporated under the laws of
the State of Delaware and that they are not now, and have never been an
affiliate of the Company.

 
(5)  
The Company will claim an exemption from the registration requirements of the
Securities Act of 1933, as amended,  for the issuance of the Debt Shares to
Quarry Bay pursuant to Section 4(2) of the Act and/or Rule 506 of Regulation D
promulgated thereunder since, among other things, the transaction does not
involve a public offering, the purchasers are “accredited investors” and/or
qualified institutional buyers, the purchasers have access to information about
the Company and its purchase, the purchasers will take the securities for
investment and not resale.

 
I trust the aforementioned correctly sets out our understanding.
 
Yours truly,

David Gasparine
President

Agreed and accepted this       day of August, 2014.

Quarry Bay Equity Inc.

 
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