EXHIBIT 2.5
RESCISSION AGREEMENT
Dated October 8, 2001, Effective June 30, 0000
Xxxxxxx
Xxxxxx Technologies, Inc. fka AmeriNet Xxxxx.xxx, Inc.
And
Riverview Financial Corp.
RESCISSION AGREEMENT
THIS RESCISSION AGREEMENT is entered into effective June 30, 2001, by
and between Fields Technologies, Inc., a Delaware corporation, fka AmeriNet
Xxxxx.Xxx, Inc. ("Fields") and Riverview Financial Corp., a California
corporation ("Riverview").
BACKGROUND
A. On June 11, 2001, Fields and Riverview entered into a Share Exchange
Agreement under which Fields granted Riverview the right to exchange certain of
Riverview's shares of Park City Group, Inc. Series A Convertible Preferred Stock
when and if issued for shares of Fields' common stock (the "Exchange
Agreement");
X. Xxxxxx and Riverview entered into the Exchange Agreement as a
condition to the closing of a Reorganization Agreement dated May 31, 2001
pursuant to which Fields acquired 98.76% of the outstanding common stock of Park
City Group, Inc. from certain shareholders of Park City Group, Inc., including
Riverview (the "Reorganization Agreement"); and
X. Xxxxxx and Riverview now desire to rescind and cancel the Exchange
Agreement effective ab initio.
AGREEMENT
In consideration of the foregoing and the promises and covenants
contained in this Rescission Agreement and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties agree as follows:
1. Rescission of Exchange Agreement. The Exchange Agreement and every provision
thereof is hereby rescinded, abrogated, cancelled and of no force or effect
whatsoever effective ab initio. The Reorganization Agreement remains in full
force and effect, except that all conditions relating to the Exchange Agreement
are waived.
2. Termination of Liability. Neither party shall have any liability or
obligation whatsoever to the other party under the Exchange Agreement.
3. Binding Effect. This Rescission Agreement shall be binding upon and shall
inure to the benefit of the parties hereto and their respective successors and
assigns.
4. Entire Agreement; Construction. This Rescission Agreement constitutes the
entire agreement between the parties regarding the subject matter hereof and all
prior understandings, representations and agreements concerning the subject
matter hereof, whether verbal or written, are superseded hereby and merged
herein. This Rescission Agreement shall be construed in accordance with Utah
law.
5. Attorneys' Fees. In the event a party hereto commences an action to enforce
the provisions of this Rescission Agreement, the prevailing party shall be
entitle to recover and receive its expenses, including attorneys' fees.
Dated October 8, 2001
FIELDS TECHNOLOGIES, INC.
By: ________________________________
Its: _______________________________
RIVERVIEW FINANCIAL CORP.
By: ________________________________
Its: _______________________________