Settlement and Release Agreement between Harvey Smith and Valor Energy Corp.
This agreement is between Harvey Smith and Valor Energy Corp. Valor agrees to pay Smith $13,000 within 24 hours of receiving a signed, notarized copy of the agreement. Once Smith cashes the check, he acknowledges this payment as full settlement of all amounts owed to him, whether in cash or stock. By signing, Smith releases all claims to Valor's cash, assets, and stock. The agreement is effective as of September 15, 2008.
Exhibit 10.70
LETTER AGREEMENT
September 15, 2008
BY AND BETWEEN
HARVEY SMITH
AND
VALOR ENERGY CORP
This agreement made by and between Harvey Smith, a Canadian citizen residing in Vancouver, British Columbia, Canada (“Smith”), and VALOR ENERGY CORP, a Nevada corporation (“Valor”).
The parties hereby agree to the following;
(a)
Valor will forward a check by mail, in the amount of $13,000 dollars (the “final payment”) within 24 hours of receiving an original signed by Smith and a Notary Public registered in the province of British Columbia.
(b)
Upon Smith cashing the check, he agrees that this “final payment” represents the full settlement of all amounts owed to him, in either cash or stock.
(c)
This agreement signed by Smith will thereby constitute a complete release and relinquishment of any and all claims to Valor cash and/or assets including common and preferred stock.
IN WITNESS WHEREOF, THIS AGREEMENT SHALL BE EFFECTIVE AS OF September 15, 2008.
\s\Harvey Smith
\S\Sheridan Westgarde___
Harvey Smith
Sheridan Westgarde, CEO
Notary
Signature__(notary signature)__ Seal _(seal)______
EndnotesHARVEY SMITH
VALOR ENEGY CORP
Letter Agreement Harvey Smith September 15, 2008
