Filed by sedaredgar.com - Razor Resources Inc. -  Exhibit 10.1






AMENDED SHARE CANCELLATION/RETURN TO TREASURY
AGREEMENT

THIS AGREEMENT made the 30th day of June, 2008

BETWEEN:

Razor Resources Inc. 
(the
"Company") 

AND: 

Bing Wong 
("Wong") 

AND: 

Rong Xing Yang 
("Yang")

WHEREAS:

A. Wong was the holder of 37,500,000 post split shares of the
Company’s common stock (the “Wong Shares”);

B. Yang was the holder of 7,482,150 post split shares of the
Company’s common stock (the “Yang Shares”)

C. On May 1, 2008 the Company, Wong and Yang entered into a
Share Cancellation/Return to Treasury Agreement for the cancellation of certain
shares, which was entered into in error.

D. The Company and Wong, the owner of the Wong Shares, and
Yang, the owner of the Yang Shares agree to the reinstatement of the Wong and
Yang Shares as they were cancelled in error, with the exception of five million
Wong Shares which shall remain cancelled; and

E. Each of the Company, Wong and Yang deem it to be in their
respective best interests to immediately reinstate the respective Wong and Yang
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 WONG AND YANG
  SHARES

	 	 	 	 
	 		1.1 	
      Five million of the Wong Shares shall be cancelled and
      the balance of the Wong and Yang Shares shall be reinstated effective on
      the date of the original Agreement.

	 	 	 	 
	 	2. 	
      RELEASE

	 	 	 	 
	 		2.1 	
      Wong and Yang, together with their respective heirs,
      executors, administrators, and assigns, do 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 Wong or Yang ever had, now or may have howsoever arising
      out of the original grant and this cancellation and/or reinstatement of
      the Wong and Yang Shares.







- 2 -

	 	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.

	 	 	 	 
	 	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 	
      Wong and Yang hereby acknowledge that this Agreement was
      prepared by Macdonald Tuskey for the Company and that Macdonald Tuskey
      does not represent Wong and/or Yang. By signing this Agreement, Wong and
      Yang confirm that they fully understand this Agreement and (a) have
      obtained independent legal advice or (b) waives their 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/ Bing Wong 	 
		
       BING WONG  
	 
	  	  	 
	/s/ Rong Xing Yang 	 
	  	RONG XING YANG