J. ERIK MUSTAD CONSULTING TERMINATION AGREEMENT
CONSULTING TERMINATION AGREEMENT
THIS AGREEMENT made as of March 15, 2004
BETWEEN: MOVING BYTES INC. , a company incorporated under the Canada Business Corporations Act
having its offices located at 4340 Redwood Hwy., Ste. F222, San Rafael, California , U.S.A., 94949, (“MBI”)
J. Erik Mustad, an individual, of 154 Bret Harte Rd. San Rafael, California 94901 (“Consultant”)
WITNESS THAT WHEREAS:
A. MBI and Consultant entered into an agreement effective as of September 30, 2004, (the “Original
Agreement”) whereunder Consultant agreed to forgive certain share purchase options of MBI in exchange
for MBI’s promise pay Consultant Twenty Two Thousand Five Hundred US dollars ($22,500 USD) which
it had accrued as payable on its books (the “Debt”); and
B. MBI and Consultant wish to enter into this agreement, effective on the date first above written.
NOW THEREFORE, in consideration of the recitals, the following agreements, the payment of One Dollar ($1.00)
made by each party to the other, and other good and valuable consideration, the receipt and sufficiency of which is
acknowledged by each party, the parties agree as follows:
Term of Services; Services
1) Subject to the terms and conditions hereto contained, Mustad will serve as Chief Executive Officer of MBI,
and this Agreement shall remain in effect until, the earlier event of:
a) The date on which MBI files its annual report with US Securities and Exchange Commission (SEC) on
form 10KSB for its fiscal year ended December 31, 2004; or
b) April 15, 2005, (the “Termination Date”),
a copy of Mustad’s resignation letter is attached hereto as Exhibit A.
2) Mustad shall review MBI’s annual report with SEC on form 10KSB for its fiscal year ended December 31,
2004 and sign such report on behalf of MBI as may be required by his role as CEO of MBI.