Withdrawal of termination letter
Category: 270 Legal Recent Posts, Employment Agreements, Entertainment Agreements, Settlement
Peak Entertainment Holdings, Inc.(”Peak”) and you and the undersigned have
agreed as follows:
1. Effective immediately, but subject to the provisions of Paragraph 5 below, the February 13, 2006 letter from The Silly Goose Company, LLC to Peak Entertainment Ltd. (the “Purported Termination Letter”) is hereby withdrawn and revoked, and the Purported Termination Letter is confirmed to have been sent in error and acknowledged by The Silly Goose Releasors, as defined in Section 2 (b) below, to be unfounded, to the extent it alleges any tortious or intentional breaching act, failure to properly account or commingling of funds, on the part of Peak Entertainment Ltd. or any affiliate, agent, officer, attorney or employee of Peak. Subject to the provisions of Paragraph 5 below, each of the Peak Wumblers Agreements is terminated to the extent provided for herein and of no further force and effect to the extent provided for herein, and Peak shall surrender to the Silly Goose Company, LLC (”Silly Goose”) all rights in the Wumblers Project previously granted by Silly Goose to Peak (the “Rights”) and Peak hereby returns all Rights to Silly Goose, subject to the terms hereof, and except as stated in this letter agreement of modification of the Peak Wumblers Agreements.
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