Conditional Officer and Director Resignation Agreement – PyroTec, Inc. and Timothy Neher
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Summary
Timothy Neher, an officer and director of PyroTec, Inc., agrees to resign from all his positions, including President, Secretary, Treasurer, and Director. This resignation is conditional upon the sale of 23,350,000 shares of PyroTec’s common stock to World Venture Group, Inc. and the appointment of P. Desmond Brunton to all of Neher’s former roles. The resignation becomes effective on the closing date of the share sale as outlined in the related Subscription Agreements.
EX-10.3 4 aaxv8kax103_542012.htm EXHIBIT 10.3 aaxv8kx103_532012.htm
EXHIBIT 10.3
RESIGNATION
To the Board of Directors of
PyroTec, Inc.,
a Delaware corporation
The undersigned, being an officer and director of the above-named corporation, does hereby resign from President, Secretary, Treasurer, and Director of the Corporation.
Said resignation is contingent and expressly conditioned upon (a) the sale of 23,350,000 shares of the Company’s common shares to World Venture Group, Inc. and (b) the appointment of P. Desmond Brunton as President, Chief Executive Officer, Secretary, Treasurer and Director of the Corporation. Said resignation shall be effective on the date of the Closing of the transaction contemplated by the Subscription Agreements between the Company and World Venture Group. Inc.
Dated as of May 3, 2012
| /s/Timothy Neher | |
| | Timothy Neher |
