Document:

ex10one.htm

     

     

     

    
      

      

    

    
 

    

    

    

    

    September
5, 2008

     

    Edgewater
Foods International, Inc.

    Board of
Directors

    400
Professional Drive, Suite 310

    Gaithersburg,
Maryland 20878

    

    Dear EDWT
Board of Directors:

    

    This
letter shall confirm the fact that I am resigning as a Director and Chairman of
the Compensation Committee of Edgewater Foods International, Inc. effective
immediately.

    

    I have
enjoyed working with all of you and wish Edgewater the best of luck and much
success in the future.  Should you require anything further from me,
please feel free to contact me at any time.  Thank you.

     

    

    Sincerely,

    

    

    ___________________________

    Ian
Fraser, Directorex10two.htm

     

     

     

    
      

      

    

    
 

    

    

    

    

    September
5, 2008

     

    Edgewater
Foods International, Inc.

    Board of
Directors

    400
Professional Drive, Suite 310

    Gaithersburg,
Maryland 20878

    

    Dear EDWT
Board of Directors:

    

    This
letter shall confirm the fact that I am resigning as a Director of Edgewater
Foods International, Inc. effective immediately.

    

    I have
enjoyed working with all of you and wish Edgewater the best of luck and much
success in the future.  Should you require anything further from me,
please feel free to contact me at any time.  Thank you.

     

    

    Sincerely,

    

    

    ___________________________

    Robert
Rooks, Directorex10_3.htm

    
      

    

    

      

      September
8, 2008

      

      Via Fax
(604) 739-9394

      

      Mr.
Donald A. Mosher

      Amerpro
Industries Inc.

      1708 West
6th Avenue

      Vancouver,
Canada V6J 5E8

      

      
        	
                RE:

              	
                Termination
      of Participation and Exclusivity Agreement dated effective June 10, 2008
      (the “Participation Agreement”) as amended in the Amending Agreement dated
      effective July 31, 2008 (the “Amending
  Agreement”).

              

      

      

      Dear Mr.
Mosher:

       

      The
Amerpro Industries Inc. and Amerpro Industries US Ltd. (collectively referred
herein as “Amerpro”) Participation Agreement as amended in the Amending
Agreement provided for closing for Amerpro’s participation in Gulf Western’s oil
and gas lease interests in Wharton County, Texas to occur on August 28,
2008.  Amerpro failed to close on the date provided, and please
consider this formal notice that Gulf Western terminates the referenced
agreement.

       

      The
Deposit totaling $100,000 referenced in paragraph 5 of the Amending Agreement is
forfeited by Amerpro and is retained by Gulf Western.

       

      Very
truly yours,

       

       

      /s/ Wm. Milton Cox

      Wm.
Milton Cox

      Chairman
and CEO

      Gulf
Western Petroleum Corporation

      

      

      
        	
                Cc:

              	
                Lang
      Michener LLP

              	 
      	
                Porter
      & Hedges LLP

              
	 
      	
                1500-1055
      West Georgia Street

              	 
      	
                1000
      Main Street, 26th Fl.

              
	 
      	
                Vancouver,
      Canada V6E 4NY

              	 
      	
                Houston,
      TX  77002

              
	 
      	
                Attention:  Desmond
      Balakrishnan

              	 
      	
                Attention:  Matthew
      R. Reynolds

              
	 
      	
                Fax:  (604)
      685-7084

              	 
      	
                Fax:  (713)
      226-6294Unassociated Document

    EXHIBIT
      10.2

     

    Promissory
      Note

    

      
        	
                Date
                  August 31, 2008

              	
                Amount

              	
                800,000

              	
                Maturity
                  Date 

              

      

      

      
        	
                Lender.

              	
                Borrow.

              
	
                Holladay
                  Broadcasting of La, LLC

              	
                Debut
                  Broadcasting, Inc.

              
	
                P.
                  0. Box 4808

              	
                1209
                  16th Avenue South

              
	
                Monroe,
                  LA 71211

              	
                Nashville,
                  TN 37212

              
	 	 
	 	 
	 	 
	
                (Street
                  address including county)

              	
                Name
                  and street address, inducting county)

              
	 	 

      

    

     

    FOR
      VALUE
      RECEIVED, the undersigned Borrower unconditionally (and jointly and severally,
      if more than one) promises to pay to the order of Lender, its successors and
      assigns, without setoff, at its offices indicated at the beginning of this
      Note,
      or at such other place as may be designated by Lender, the principal amount
      of
      fight Hundred Thousand Dollars ($800,000), or so much thereof as may be advanced
      from time to time in immediately available funds, together with interest
      computed daily on the outstanding principal balance hereunder, at an annual
      interest rate, and in accordance with the payment schedule, indicated below.
      

     

    [Thus
      Note contains some provisions preceded by boxes.. If a box is marked, the
      provision applies to this transaction; if it is not marked, the provision does
      not apply to this transaction.] 

     

    1. Rate.

     

    Fixed
      Rate. The Rate shall be fixed at 7.5 % percent per annum

     

    Notwithstanding
      any provision of this Note, Lender does not intend to charge and Borrower shall
      not be required to pay any amount of interest or other charges in excess of
      the
      maximum permitted by the applicable law of the State of Mississippi; if any
      higher rate ceiling is lawful, then that higher rate ceiling shall apply. Any
      payment in excess of such maximum shall be refunded to Borrower or credited
      against principal, at the option of Lender 

     

    2.
       Accrual
      Method., Unless otherwise indicated, interest at the Rate set forth above will
      be calculated by the 365 day method (a daily amount of  interest
      is computed for a hypothetical year of 360 days; that amount is multiplied
      by
      the actual number of days for which any principal is outstanding
      hereunder). If interest is not
      to be
      computed using this method, the method shall be:

     

    Equal
      monthly payments

     

    3. Rate
      Change Date. Any Rate based on a fluctuating index or base rate will change,
      unless otherwise provided, each time and as of the date that the index or base
      rate changes. If the Rate is to change on any other date or at any other
      interval, the change shall be:

     

    N/A

     

    In
      the
      event any index is discontinued, Lender shall substitute an index determined
      by
      Lender to be comparable, in its sole discretion.

     

    4.
       Payment
      Schedule. All payments received hereunder shall be applied first to the payment
      of any expense or charges payable hereunder or under, any other loan documents
      executed in connection with this Note, then to interest due and payable, with
      the balance applied to principal, or in such other order as Lender shall
      determine at its option.

     

    Principal
      Plus Accrued Interest. Principal shall be paid in consecutive equal installments
      of $9,496.15 commencing on and continuing on the same day of each successive
      month (as applicable) thereafter, with a final payment of all unpaid principal
      and accrued interest due on September 1, 2018.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    6. Collateral.

     

    As
      collateral security for all of the obligations, the Borrower hereby mortgages,
      assigns, pledges, conveys, transfers and sets over to the Lender, and grants
      to
      the Lender a continuing security interest in, the following (the “Collateral”):
      all of the right, title and interest of the Borrower in and to (in physical
      assets, general intangibles, whether
      now or hereafter existing and whether now owned or hereafter acquired, arising
      out of or in connection with Borrower's acquisition of radio station WBBV-FM.
      The collateral also includes WBBV-FM tower lease. 

     

    Sale
      or
      Encumbrance of Collateral. Without prior written consent of Lender, Borrower
      will not set exchange, lease or otherwise dispose of the collateral of any
      of
      the Borrower's rights therein or under this agreement, or permit any lien or
      security interest to attach to same except that created by this agreement and
      other rights, if any, of Lender. 

     

    Maintenance
      of Collateral. Borrower will maintain the Collateral in good condition and
      repair but without permitting any ten to affix to the Collateral as a result
      thereof, and will pay and discharge all taxes, levies and other impositions
      levied thereon as well as the cost of repairs to or maintenance of the same
      and
      not permit anything to be done that may impair the value of any of the
      Collateral If Borrower fails to pay such sums, Lender may do so for the
      Borrower's account, adding the amount thereof to the other amounts secured
      hereby.

     

    Insurance
      of Collateral Borrower shall procure, keep in force, and pay for, insurance
      on
      said Collateral, in such amounts and forms, and against such risks, and with
      such insurers as may be acceptable to Lender and such policies evidencing said
      insurance shall be furnished to Lender, if Borrower fails to furnish said
      insurance or fails to pay the premiums thereof, Lender may do so or may obtain
      insurance of its interest only, adding the amount of any such premium thereof
      to
      other amounts secured hereby; however, Lander is under no obligation nor duty
      to
      pay such premiums or obtain Insurance. 

    

    Perfection
      of Security Interests. Borrower will pay all costs of filing any financing,
      continuation or termination statements with respect to the security interest
      by
      this agreement; Lender is hereby appointed Borrower's attorney-in-fact to do,
      at
      Lender's option and at Borrower's expense, all that is necessary to perfect
      the
      security interest created by this agreement and to keep the security interest
      perfected and the Collateral protected, including, but not limited to signing
      the Borrower's name on any financing statements or amendments thereto, or the
      completion of this agreement or of the financing statement by inserting
      information or terms not inconsistent with the parties' agreement Borrower
      agrees that a photographic copy or other reproduction of this agreement shall
      be
      sufficient as a financing statement. 

    Impairment
      of Value. Borrower will not permit anything to be done that may impair the
      value
      of any Collateral or the security intended to be afforded by this agreement
      

    

    7.
       Waivers,
      Consents and Covenants. Borrower, any indorser or guarantor hereof, or any
      other
      party hereto (individually an "Obligor" and collectively "Obligors") and each
      of
      them jointly and severally: (a) waive presentment, demand, protest, notice
      of
      demand, notice of intent to accelerate, notice of acceleration of maturity,
      notice of protest, notice of nonpayment notice of dishonor, and any other notice
      required to be given under the law to any Obligor in connection with the
      delivery, acceptance, performance, default or enforcement of this Note, any
      indorsement or guaranty of this Note, or any other documents executed in
      connection with this Note or any other note or other loan documents now or
      hereafter executed in connection with any obligation of Borrower to Lender
      (the
      "Loan Documents"); (b) consent to all delays, extensions, renewals or other
      modifications of this Note or the Loan Documents, or waivers of any term hereof
      or of the Loan Documents, or release or discharge by Lender of any of Obligors,
      or release, substitution or exchange of any security for the payment hereof,
      or
      the failure to act on the part of Lender, or any indulgence shown by Lender
      (without notice to or further assent from any of Obligors), and agree that
      no
      such action, failure to act or failure to exercise any right or remedy by Lender
      shall in any way affect or impair the obligations of any Obligors or be
      construed as a waiver by Lender of, or otherwise affect, any of Lender's rights
      under this Note, under any indorsement or guaranty of this Note or under any
      of
      the Loan Documents, and (c) agree to pay, on demand, all costs and expenses
      of
      collection or defense of this Note or of any indorsement or guaranty hereof
      and/or the enforcement or defense of Lender's rights with respect to, or the
      administration, supervision, preservation, or protection of, or realization
      upon, any property securing payment hereof, including, without limitation,
      reasonable attorney's fees, including fees related to any suit, mediation or
      arbitration proceeding, out of court payment agreement, trial, appeal,
      bankruptcy proceedings or other proceeding, in such amount as maybe determined
      reasonable by any arbitrator or court, whichever is applicable. 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    8.
       Prepayments.
      Prepayments may be made in whole or in part at any time on any loan. All
      prepayments of principal shall be applied in the inverse order of maturity,
      or
      in such other order as Lender shall determine in its sole discretion. No
      prepayment of any other loan shall be permitted without the prior written
      consent of Lender.. Notwithstanding such prohibition, if there is a prepayment
      of any such loan, whether by consent of Lender, or because of acceleration
      or
      otherwise, Borrower shall, within 15 days of any request by Lender, pay to
      Lender any loss or expense which Lender may incur or sustain as a result of
      such
      prepayment For the purposes of calculating the amounts owed only, it shall
      be
      assumed that Lender actually funded or committed to fund the loan through the
      purchase of an underlying deposit in an amount and for a term comparable to
      the
      loan, and such determination by Lender shall be conclusive, absent a manifest
      error in computation, 

    

    9. Delinquency
      Charge. To the extent permitted by law, a delinquency charge may be imposed
      in
      an amount not to exceed four percent (4%) of any payment that is more than
      fifteen days late.

    

    10.
      Events of Default. The following are events of default hereunder:  (a)
      the
      failure to pay or perform any obligation, liability or indebtedness of any
      Obligor to Lender, or to any affiliate or subsidiary of Lender, whether under
      this Note or any Loan Documents, as and when due (whether upon demand, at
      maturity or by acceleration); (b) the failure to pay or perform any other
      obligation, liability or indebtedness of any Obligor to any other party; (c)
      the
      death of any Obligor (if an individual); (d) the resignation or withdrawal
      of
      any partner or a material owner/guarantor of Borrower, as determined by Lender
      in its sole discretion; (e) the commencement of a proceeding against any Obligor
      for dissolution or liquidation, the voluntary or involuntary termination or
      dissolution of any Obligor or the merger or consolidation of any Obligor with
      or
      into another entity; (f) the insolvency of, the business failure of, the
      appointment of a custodian, trustee, liquidator or receiver for or for any
      of
      the property of, the assignment for the benefit of creditors by, or the filing
      of a petition under bankruptcy, insolvency or debtor's relief law or the filing
      of a petition for any adjustment of indebtedness, composition or extension
      by or
      against any Obligor; (g) the determination by Lender that any representation
      or
      warranty made to Lender by any Obligor in any Loan Documents or otherwise is
      or
      was, when it was made, untrue or materially misleading; (h) the failure of
      any
      Obligor to timely deliver such financial statements, including tax returns,
      other statements of condition or other information, as Lender shall request
      from
      time to time, (1) the entry of a judgment against any Obligor which Lender
      deems
      to be of a material nature, in Lender's sole discretion; (j) the seizure or
      forfeiture of, or the issuance of any writ of possession, garnishment or
      attachment, or any turnover order for any property of any Obligor; (k) the
      determination by Lender that it is insecure for any reason; (t) the
      determination by Lender that a material adverse change has occurred in the
      financial condition of any Obligor; or (m) the failure of Borrower's business
      to
      comply with any law or regulation controlling its operation. 

    

    11.
      Remedies upon Default. Whenever there is a default under this Note (a) the
      entire balance outstanding hereunder and all other obligations of any Obligor
      to
      Lender (however acquired or evidenced) shall, at the option of tender, become
      immediately due and payable and any obligation of Lender to permit further
      borrowing under this Note shall immediately cease and terminate, and/or (b)
      to
      the extent permitted by law, the Rate of interest on the unpaid principal shall
      be increased at Lender's discretion up to the maximum rate allowed by law,
      or if
      none, 25% per annum (the "Default Rate"). The provisions herein for a Default
      Rate shall not be deemed to extend the time for any payment hereunder or to
      constitute a "grace period" giving Obligors a right to cure any default At
      Lender's option, any accrued and unpaid interest, fees or charges may, for
      purposes of computing and accruing interest on a daily basis after the due
      date
      of this Note or any installment thereof, be deemed to be a part of the principal
      balance, and interest shall accrue on a daily compounded basis after such date
      at the Default Rate provided in this Note until the entire outstanding balance
      of principal and interest is paid in full. Upon a default under this Note,
      Lender is hereby authorized at any time, at its option and without notice or
      demand, to set off and charge against any deposit accounts of any Obligor (as
      well as any money, instruments, securities, documents, chattel paper, credits,
      claims, demands, income and any other property, rights and interests of any
      Obligor), which at any time shall come into the possession or custody or under
      the control of Lender or any of its agents, affiliates or correspondents, any
      and all obligations due hereunder Additionally, Lender shall have all rights
      and
      remedies available under each of the Loan Documents, as well as all rights
      and
      remedies available at law or in equity 

     

    12.
      Non-Waiver. The failure at any time of Lender to exercise any of its options
      or
      any other rights hereunder shall not constitute a waiver thereof, nor shall
      it
      be a bar to the exercise of any of its options or rights at a later date All
      rights and remedies of Lender shall be cumulative and may be pursued singly,
      successively or together, at the option of Lender. The acceptance by Lender
      of
      any partial payment shall not constitute a waiver of any default or of any
      of
      Lender's rights under this Note.. No waiver of any of its rights hereunder,
      and
      no modification or amendment of this Note, shall be deemed to be made by Lender
      unless the same shall be in writing, duly signed on behalf of Lender; each
      such
      waiver shall apply only with respect to the specific instance involved, and
      shall in no way impair the rights of Lender or the obligations of Obligors
      to
      Lender in any other respect at any other time 

     

    13.
      Applicable Law, Venue and Jurisdiction. This Note and the rights and obligations
      of Borrower and Lender shall be governed by and interpreted in accordance with
      the law of the State of Mississippi. In any litigation in connection with or
      to
      enforce this Note or any indorsement or guaranty of this Note or any Loan
      Documents, Obligors, and each of them, irrevocably consent to and confer
      personal jurisdiction on the courts of the State of Mississippi or the United
      States located within the State of Mississippi and expressly waive any
      objections as to venue in any such courts Nothing contained herein shall,
      however, prevent Lender from bringing any action or exercising any rights within
      any other state or jurisdiction or from obtaining personal jurisdiction by
      any
      other means available under applicable law 

     

    14.
      Partial Invalidity. The unenforceability or invalidity of any provision of
      this
      Note shall not affect the enforceability or validity of any other provision
      herein and the invalidity or unenforceability of any provision of this Note
      or
      of the Loan Documents to any person or circumstance shall not affect the
      enforceability or validity of such provision as it may apply to other persons
      or
      circumstances. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    15.
      Binding Effect. This Note shall be binding upon and inure to the benefit of
      Borrower, Obligors and Lender and their respective successors, assigns, heirs
      and personal representatives, provided, however, that no obligations of Borrower
      or Obligors hereunder can be assigned without prior written consent of Lender
      

     

    16.
      Controlling Document. To the extent that this Note conflicts with or is in
      any
      way incompatible with any other document related specifically to the loan
      evidenced by this Note, this Note shall control over any other such document
      and
      if this Note does not address an issue, then each other such document shall
      control to the extent that it deals most specifically with an issue.

     

    Borrower
      represents to Lender that the proceeds of this loan are to be used primarily
      for
      business, commercial or agricultural purposes„ Borrower acknowledges having read
      and understood, and agrees to be bound by, all terms and conditions of this
      Note.. 

     

    NOTICE
      OF
      FINAL AGREEMENT. THIS WRITTEN PROMISSORY NOTE REPRESENTS THE FINAL AGREEMENT
      BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
      CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES„ THERE ARE NO
      UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 

    

      
        	 	 
	
                Debut
                  Broadcasting Mississippi, Inc. 

              	 
	
                Borrower

              	
                Corporate
                  or Partnership Borrower

              
	 	 
	
                By:
                  /s/
                  Steven Ludwig

              	 
	 	
                Holladay
                  Broadcasting of Mississippi

              
	 	
                By:
                  /s/ Bob Holladay

              
	
                Steven
                  Ludwig

              	 
	 	 
	 	
                Name:Bob
                  Holladay

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