Horiyoshi Worldwide Inc.: Exhibit 10.6 - Filed by newsfilecorp.com






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







- 2 -

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