MUTUAL TERMINATION OF COLLABORATION AGREEMENT
Exhibit 10.25
MUTUAL TERMINATION OF
WHEREAS, EntertainmentXpress, Inc. (“Ent-X”), a California corporation and a subsidiary of Public Media Works, Inc., a Delaware corporation (“PMW”), PMW, and 3D Mediacast, Inc., (“3DMC”), a Florida corporation, entered into a Collaboration Agreement (“Agreement”), effective as of July 5, 2010;
WHEREAS, the parties desire to mutually terminate the Agreement effective as of January 12, 2011;
NOW, THEREFORE, in consideration of the foregoing premises and representations, warranties, covenants and agreements contained herein, and intending to be legally bound hereby, the parties hereto agree to terminate the Agreement as of January 12, 2011 and no party shall have any obligation to any other party under the Agreement.
IN WITNESS WHEREOF, each of the parties has caused this Agreement to be signed by their respective officers hereunto duly authorized, all as of the date first written above.
3D Mediacast, Inc. 00 XX 0xx Xxxxxx Xxxxxx Xxxxx, Xxxxxxx 00000 FAX: (000) 000-0000 |
EntertainmentXpress, Inc. 0000 Xxxxxxxxx Xxx Xxx. #000 Xxxxxxxxx, Xxxxxxxxxx 00000 FAX: (000) 000-0000 | |||||
By: | /s/ Xxxxx Xxxxxxx |
By: | /s/ Xxxxxx X. Xxxxxxxxx | |||
Xxxxx Xxxxxxx, President | Xxxxxx X. Xxxxxxxxx | |||||
Public Media Works, Inc. 0000 Xxxxxxxxx Xxx Xxx. #000 Xxxxxxxxx, XX 00000 FAX: (000) 000-0000 | ||||||
By: | /s/ Xxxxxx X. Xxxxxxxxx | |||||
Xxxxxx X. Xxxxxxxxx, CEO |