July 9, 2007
Exhibit
10.1
July
9,
2007
Interdom
Partners
Commercial
Cartage, Inc.
Pride
Logistics, L.L.C.
c/o
Interdom Partners
00000
X.
00xx Xxxxxx
Xxxxx
0X
Xxxxx
Xxxxxxx, XX 00000
Attention: Xxxxxxx
X. Xxxxx
Dear
Xxxx:
Reference
is hereby made to that certain Asset Purchase Agreement dated as of June 6,
2007
by and among Comtrak Logistics, Inc., a Delaware corporation, Hub City
Terminals, Inc., a Delaware corporation, Interdom Partners, a general
partnership organized under the laws of Illinois, Commercial Cartage, Inc.,
a
Nevada corporation (the “Company”), Pride Logistics, L.L.C., an Illinois
limited liability company, and the other parties signatory thereto (the
“Agreement”). Each capitalized term used but not defined
herein has the meaning assigned thereto in the Agreement.
Purchasers
and Sellers hereby agree to terminate the Agreement as of the date hereof in
accordance with Section 11.1(a) of the Agreement.
Please
acknowledge your agreement with the above by executing this letter where
indicated below.
COMTRAK
LOGISTICS, INC.
By:
/s/ Xxxxx X. Xxxxxx
Title: CEO
HUB
CITY
TERMINALS, INC.
By: /s/
Xxxxx X. Xxxxxx
Title: CEO
Acknowledged
and agreed.
INTERDOM
PARTNERS
By: Interdom,
Inc.
Its: General
Partner
By: /s/
Xxxxxxx X. Xxxxx
Xxxxxxx
X. Xxxxx, President
COMMERCIAL
CARTAGE, INC.
By: /s/
Xxxxxxx X. Xxxxx
Xxxxxxx X. Xxxxx, President
PRIDE
LOGISTICS, L.L.C.
By: Bogfid,
Inc.
By: /s/
Xxxxxxx X. Xxxxx
Xxxxxxx
X. Xxxxx, President
