EXCHANGEAGREEMENT
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EX-10.1 2 ex10-1.htm EXCHANGE AGREEMENT EXHIBIT 10.1
EXCHANGE AGREEMENT
THIS AGREEMENT, dated as of February 12, 2013, is entered into by and between ON-AIR IMPACT, INC., (the “Company”) and VIRGINIA K SOURLIS (“SOURLIS”).
WITNESSETH:
WHEREAS, SOURLIS holds 4,000,000 Series A Convertible Preferred Shares of the Company (“Preferred Shares”); and
WHEREAS, SOURLIS is willing to exchange the Preferred Shares for a non-convertible Promissory Note in the amount of $8,000 (the “Note”).
NOW, THEREFORE, in consideration for the foregoing, the parties hereto agree as follows:
| 1. | SOURLIS and the Company hereby agree to exchange the Preferred Shares for an $8,000 non-convertible Promissory Note pursuant. Thus., concurrently with the execution of this Agreement, the Preferred Shares shall immediately and automatically be cancelled on the books of the Company. |
IN WITNESS WHEREOF, the Company and SOURLIS have caused this Agreement to be executed by their duly authorized representatives on the date as first written above.
| /s/ Virginia K. Sourlis | |
| Virginia K. Sourlis |
| ON-AIR IMPACT, INC. | ||
| By: | /s/ Dorothy Whitehouse | |
| Dorothy Whitehouse | ||
| Director and President | ||
