Filed by sedaredgar.com - Razor Resources Inc. - Exhibit 10.2






SHARE CANCELLATION/RETURN TO TREASURY
AGREEMENT

THIS AGREEMENT made the 30th day of June, 2008

BETWEEN:

Razor Resources Inc. 
(the
"Company") 

AND: 

Drew Simpson 
("Simpson")

WHEREAS:

A. Simpson is the holder of 7,500,000 post split shares of the
Company’s common stock and agrees herein to cancel such shares (the “Simpson
Shares”);

B. Simpson agrees to the cancellation of the Simpson Shares as
he has ceased acting as a director or officer of the Company, has no involvement
with the Company’s current or proposed business operations and seeks to benefit
the Company’s minority shareholders with such cancellation; and

C. Each of the Company and Simpson deem it to be in their
respective best interests to immediately cancel the Simpson 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), the parties hereby agree to and with each
other as follows:

	 	1. 	
      CANCELLATION OF SIMPSON SHARES

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

	 	 	 	 
	 	2. 	
      RELEASE

	 	 	 	 
	 		2.1 	
      Simpson, together with his 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
      Simpson ever had, now or may have howsoever arising out of the original
      grant and this cancellation of the Simpson 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 deemed to be
      execution and delivery of this Agreement as of the date set forth on page
      one of this Agreement.







- 2 -

	 	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 	
      Simpson hereby acknowledges that this Agreement was
      prepared by Macdonald Tuskey for the Company and that Macdonald Tuskey
      does not represent Simpson. By signing this Agreement, Simpson confirms
      that he fully understands this Agreement and (a) has obtained independent
      legal advice or (b) waives the right to obtain independent legal
      advice.



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

RAZOR RESOURCES, INC.

	Per: 	/s/ Jordan
      Welsh 	 
	  	Authorized Signatory 	 
	  	  	 
	  	  	 
	  	  	 
	  	  	 
	/s/ Drew
      Simpson 	 
	  	DREW SIMPSON