Document:

ex10-3.htm

    SHARE
CANCELLATION AGREEMENT

    

    THIS AGREEMENT is dated for reference
the 6th day of
July, 2009.

    

    

    BETWEEN:

    

    Protecwerx
Inc. 

                                (the “Company”)

    

    AND:

    

    Francine Boyd

                                (the “Shareholder”)

    

    

    WHEREAS:

    

    
      	
              A.

            	
              The
      Shareholder is the registered and beneficial owner of 5,000,000 shares of
      the Company’s common stock (the “Shares”);

            

    

    

    
      	
              B.

            	
              The Company
      and the Shareholder recognize that cancelling the Shares will have a
      positive effect on the Company’s ability to secure a business combination;
      and

            

    

    

    
      	
              C.

            	
              The
      Shareholder’s spouse, Jerry Boyd, is retaining 7,000,000 shares of the
      Company’s common stock under the terms of a re-organization and potential
      business combination.

            

    

    

    NOW THEREFORE, in
consideration of the mutual promises set forth below and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
Company and the Shareholder agree as follows:

    

    Surrender

    

    
      	
              1.  

            	
              The
      Shareholder shall return all 5,000,000 of the Shares (the “Surrendered Shares”) to
      the treasury of the Company and deliver to the Company share certificates
      representing the Surrendered
Shares.

            

    

    

    
      	
              a.  

            	
              The
      Shareholder recognizes that sufficient consideration is provided by the
      Company through the share cancellation agreement entered into by Jerry
      Boyd, the Shareholder’s spouse, pursuant to which Jerry Boyd retains
      7,000,000 shares of the Company’s common
stock.

            

    

    

    
      	
               
      

            	
              Retirement

            

    

    

    
      	
              2.

            	
              The Company
      shall forthwith retire the Surrendered Shares pursuant to §78.283 of
      Chapter 78 of the Nevada Revised
Statutes.

            

    

    

    
      	
               
      

            	
              Representations
      and Warranties

            

    

    

    
      	
              3.

            	
              The
      Shareholder represents and warrants to the Company
  that:

            

    

    

    
      	
               
      

            	
              a.

            	
              she is the
      owner of the Surrendered Shares;

            

    

    

    
      	
               
      

            	
              b.

            	
              she has good
      and marketable title to the Surrendered Shares;
  and

            

    

    

    
      	
               
      

            	
              c.

            	
              the
      Surrendered Shares are free and clear of all liens, security interests or
      pledges of any kind whatsoever.

            

    

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    
 

    
      	
              4.

            	
              The Company
      has obtained legal advice concerning this Agreement and has requested that
      the Shareholder obtain independent legal advice with respect to same
      before executing this Agreement.  In executing this Agreement,
      the Shareholder represents and warrants to the Company that she has been
      advised to obtain independent legal advice, and that prior to the
      execution of this Agreement she has obtained independent legal advice or
      has, in his discretion, knowingly and willingly elected not to do
      so.

            

    

    

    
      	
               
      

            	
              General

            

    

    

    
      	
              5.

            	
              Each party
      shall execute and deliver such further and other documents and do and
      perform such further and other acts as the other party may reasonably
      require to carry out and give effect to the terms and intentions of this
      Agreement.

            

    

    

    
      	
              6.

            	
              Time is
      expressly declared to be of the essence in this
  Agreement.

            

    

    

    
      	
              7.

            	
              This
      Agreement shall enure to the benefit of and be binding upon the parties
      hereto and their respective heirs, executors, administrators, successors
      and permitted assigns.

            

    

    

    
      	
              8.

            	
              This
      Agreement is not assignable without the prior written consent of the
      parties hereto.

            

    

    

    
      	
              9.

            	
              This
      Agreement may be executed in counterparts, each of which shall be deemed
      to be an original and all of which shall together constitute one and the
      same Agreement.  The delivery of executed copies of this
      Agreement by fax shall constitute proper delivery, provided that
      originally executed counterparts are delivered to the parties within a
      reasonable time thereafter.

            

    

    

    

    IN WITNESS WHEREOF the parties
have executed this Agreement effective as of the day and year first written
above.

     

    
    

     

    
      	      
              Protecwerx
      Inc.                                                                                                

              

              Per: /s/
      Darrin
      Zinger                                           

              Darrin
      Zinger, President and CEO

            	
              Francine
      Boyd

               

              /s/ Francine Boyd

            

    

     

    
2ex10-4.htm

    SHARE
CANCELLATION AGREEMENT

    

    THIS AGREEMENT is dated for reference
the 6th day of
July, 2009.

    

    

    BETWEEN:

    

    Protecwerx
Inc. 

                        (the
“Company”)

    

    AND:

    

    Samson Chang

                                  (the “Shareholder”)

    

    

    

    WHEREAS:

    

    
      	
              A.

            	
              The
      Shareholder is the registered and beneficial owner of 3,000,000 shares of
      the Company’s common stock (the “Shares”);

            

    

    

    
      	
              B.

            	
              The Company
      and the Shareholder recognize that cancelling a portion of the Shares will
      have a positive effect on the Company’s ability to effect a business
      combination; and

            

    

    

    
      	
              C.

            	
              The Company
      has no obligation to register the Shares according to the terms of the
      subscription agreement between the Company and the
      Shareholder.

            

    

    

    

    NOW THEREFORE, in
consideration of the mutual promises set forth below and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
Company and the Shareholder agree as follows:

    

    Surrender

    

    
      	
              1.

            	
              The
      Shareholder shall return 2,800,000 of the Shares (the “Surrendered Shares”) to
      the treasury of the Company and deliver to the Company share certificates
      representing the Surrendered
Shares.

            

    

    

    
      	
               
      

            	
              Retirement

            

    

    

    
      	
              2.

            	
              The Company
      shall forthwith retire the Surrendered Shares pursuant to §78.283 of
      Chapter 78 of the Nevada Revised
Statutes.

            

    

    

    
      	
               
      

            	
              Registration

            

    

    

    
      	
              3.

            	
              The Company
      shall prepare and file with the U.S. Securities and Exchange Commission
      (the “SEC”), no
      later than one hundred (100) days from the date of this Agreement, a
      Registration Statement on Form S-1 under the Securities Act of 1933, as
      amended (the “Registration Statement”), for the
      registration for resale of 200,000 of the
  Shares.

            

    

    

    
      	
              4.

            	
              The Company
      shall use its best efforts (a) to have the Registration Statement declared
      effective by the SEC no later than two hundred (200) days after the date
      of this Agreement, and (b) to ensure that the Registration Statement
      remains effective until all of the 200,000 Shares have been
      sold.

            

    

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    
 

    
      	
               
      

            	
              Representations
      and Warranties

            

    

    

    
      	
              5.

            	
              The
      Shareholder represents and warrants to the Company
  that:

            

    

    

    
      	
               
      

            	
              a.

            	
              he is the
      owner of the Surrendered Shares;

            

    

    

    
      	
               
      

            	
              b.

            	
              he has good
      and marketable title to the Surrendered Shares;
  and

            

    

    

    
      	
               
      

            	
              c.

            	
              the
      Surrendered Shares are free and clear of all liens, security interests or
      pledges of any kind whatsoever.

            

    

    

    
      	
              6.

            	
              The Company
      has obtained legal advice concerning this Agreement and has requested that
      the Shareholder obtain independent legal advice with respect to same
      before executing this Agreement.  In executing this Agreement,
      the Shareholder represents and warrants to the Company that he has been
      advised to obtain independent legal advice, and that prior to the
      execution of this Agreement he has obtained independent legal advice or
      has, in his discretion, knowingly and willingly elected not to do
      so.

            

    

    

    
      	
               
      

            	
              General

            

    

    

    
      	
              7.

            	
              Each party
      shall execute and deliver such further and other documents and do and
      perform such further and other acts as the other party may reasonably
      require to carry out and give effect to the terms and intentions of this
      Agreement.

            

    

    

    
      	
              8.

            	
              Time is
      expressly declared to be of the essence in this
  Agreement.

            

    

    

    
      	
              9.

            	
              This
      Agreement shall enure to the benefit of and be binding upon the parties
      hereto and their respective heirs, executors, administrators, successors
      and permitted assigns.

            

    

    

    
      	
              10.

            	
              This
      Agreement is not assignable without the prior written consent of the
      parties hereto.

            

    

    

    
      	
              11.

            	
              This
      Agreement may be executed in counterparts, each of which shall be deemed
      to be an original and all of which shall together constitute one and the
      same Agreement.  The delivery of executed copies of this
      Agreement by fax shall constitute proper delivery, provided that
      originally executed counterparts are delivered to the parties within a
      reasonable time thereafter.

            

    

    

    

    IN WITNESS WHEREOF the parties
have executed this Agreement effective as of the day and year first written
above.

    

    
    

     

    
      	Protecwerx
      Inc.                                                                                                
                    
              

              Per:
      /s/
      Darrin
      Zinger                                           

              Darrin
      Zinger, President and CEO

            	
              Samson
      Chang

               

              /s/ Samson Chang  

            

    

     

    2

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