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Title: |
Rescission Agreement |
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Entities: |
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Date: |
2006 |
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Size: |
4KB total |
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Price: |
$39 |
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ID: |
#2633524 |
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RESCISSION AGREEMENT
This Rescission Agreement (this "Agreement") is made and entered into effective as of October 31, 2006, by and between NT Holding Corp., a Nevada corporation ("NT'), and Grand Canal Entertainment, Inc., a Delaware corporation ("Grand Canal").
RECITALS
A.
NT and Grand Canal are parties to a certain Agreement for Substitution, dated June 17, 2006 (the Substitution Agreement) pursuant to which the parties agreed that Grand Canal would return the interest in Tagalder C3 Holdings to the Company and that the Company will be obligated to provide Grand Canal with substitute consideration agreeable to Grand Canal within 60 days of the date of the Substitution Agreement.
B.
Due to subsequent events, such as the cancellation of the Jinyan Acquisition Agreement, the parties desire to cancel and recind the Substitution Agreement, subject to the terms and conditions set forth herein.
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