Series Stock Purchase Cancellation Memorandum between Atlanta Capital and Sibling, Inc.
This memorandum documents David Kugelman's request, on behalf of Atlanta Capital, to cancel a previous agreement with Sibling, Inc. for the purchase of certain series stock. Due to changes in his availability and resources, Kugelman can no longer fulfill his commitment and asks for the shares to be canceled, as no stock certificate was delivered. The agreement is effectively terminated with this notice.
Exhibit 10.1
MEMO
DATE: May 22, 2012
FROM: David Kugelman, Atlanta Capital
TO: Gerald Sullivan, Sibling
RE: Series Stock Issuance
On March 30, 2012, I entered into an agreement with SIBE for the purchase of certain shares of the Company's series stock. At the time I believed I would have the time and resources to fulfill a commitment to SIBE in consideration of the shares. Since then I have had a significant change in my allocation of time and resources and can no longer fulfill the commitment to SIBE. I would like to return and cancel the shares which were issued to me, through my Atlanta Capital entity. I have not been delivered a certificate yet, so please simply cancel the agreement I provided in the purchase.
I wish you the best of luck on your future, and please keep me informed of your progress.
Sincerely,
/s/ David Kugleman
David Kugelman
Atlanta Capital
