Exhibit 10.1
AGREEMENT TO TERMINATE DEFINITIVE AGREEMENT
This agreement is made and entered into this 23th day of January, 2012 by and
between Domark International, Inc. (the Company), and Silk for Less, Inc., a
Florida corporation (Silk).
Whereas, on June 3, 2011, the Company executed an Agreement for the Exchange of
Common Stock with Silk providing for the issuance of convertible preferred stock
of the Company in exchange for all of the outstanding shares of Silk. The
closing of the transaction was subject to and wholly conditioned upon the
completion of due diligence and the delivery of documents by both parties,
including but not limited to the completion and delivery of an audit of the
books and records of Silk by a PCAOB member firm acceptable to the Company, and
Whereas, the parties to the agreement desire to mutually terminate the Agreement
of June 3, 2011.
Now therefore, for valuable consideration, the receipt of which is hereby
acknowledged, the parties agree as follows:
1. Effective this date, the parties hereto agree to mutually terminate the
agreement of June 3, 2011.
2. All property belonging to each party in the possession of the other party
will be immediately returned upon execution of this agreement.
3. The parties hereby release each other of any and all claims of any kind or
nature, and neither party shall be liable or responsible to the other party for
any matters arising out of the June 3, 2011 agreement.
In witness hereof, this agreement is executed at Orlando, Florida as of the day
and year written above.
DOMARK INTERNATIONAL, INC. SILK FOR LESS, INC.
/s/ R. Xxxxxx Xxxx /s/ Xxxx Xxxxxxx
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R. Xxxxxx Xxxx Xxxx Xxxxxxx
