Mutual contractual release with Sino American Oil Company, dated June 26, 2011
Mutual Contractual Release
DATE
June 26, 2011
PARTIES
Sentry Petroleum (Australia) Pty. Ltd.
ACN 130 631 953 (Sentry), a company duly incorporated in Australia, and with a registered office located at 38 Milson Street, South Perth WA 6151, Australia
Sino American Oil Company
(Sino), a company duly incorporated in Nevada, United States, and with a registered office located at 5190 Neil Road, Suite 430, Reno Nevada, 89502
RECITALS
A.
Sentry and Sino entered into an Option Agreement on March 14th, 2011.
B.
Each of Sentry and Sino agree to mutually terminate the Option Agreement and to release each other from all and any further liability under the Option Agreement, including the breakup fee, defined in the Option Agreement.
C.
Effective Immediately.
SIGNATURES
/S/ PAUL BOLDY
___________________________
Paul Boldy, CFO & Director
SENTRY PETROLEUM (Australia) PTY. LTD
/S/ RON HUGHES
___________________________
Ron Hughes, President, CFO & Director
SINO AMERICAN OIL COMPANY
