Resignation and Release of Israel Morgenstern, dated as of February 12, 2008

Contract Categories: Business Finance - Release Agreements
EX-10.27 29 exh1027.htm EXHIBIT 10.27 World of Tea Inc.: Exhibit 10.27 - Prepared by TNT Filings Inc.

RESIGNATION AND RELEASE

I, Israel Morgenstern, hereby resign from all officer and director positions that I hold with World of Tea Inc. and any of its direct or indirect subsidiaries effective immediately upon the closing of the Share Exchange Agreement among the Corporation, BroadWebAsia, Inc. and the shareholders of BroadWebAsia, Inc.

Upon effectiveness of this Resignation, the Corporation does hereby release Mr. Israel, from and for any and all claims, proofs of claim, demands, contracts, obligations, liabilities, suits, actions and causes of action, at law or at equity, known or unknown, liquidated or unliquidated, asserted or unasserted, based on or arising out of his duties as an officer and director of the Corporation.

  _________________________
  Israel Morgenstern
Dated: February __, 2008  
   
Accepted and Agreed to as of February __, 2008  
World of Tea Inc.  
By: ____________________________  
        Name: Svetlana Pojasnikova  
        Title: Secretary