HIGHLAND BUSINESS SERVICES, INC.
HIGHLAND BUSINESS SERVICES, INC.
September 12, 2011
To: Rod Place, President
RiteWire Inc.
0000 X. Xxxxx Xxxx, Xxxxx X
Stockton, CA 95219
From: Highland Business Services, Inc.
000 Xxxxxxx Xxxxxxxxxx, Xxxxx 000
San Clemente, CA 92672
Subject: Rescission of Acquisition Agreement and Plan of Merger and any Addendums (“Merger Agreement”) by and among Highland Business Services, Inc., Highland Sub Co, and RiteWire Inc. (together the “Parties”)
Dear Mr. Xxxxx,
This letter serves as notification that the Parties have mutually agreed to terminate the Merger Agreement dated May 2, 2011. The board of directors of each Party has unanimously approved the execution, delivery and performance of this Rescission Letter Agreement and the transactions contemplated by this letter.
Pursuant to this letter, the Parties hereby terminate the Merger Agreement and abandon the Merger by mutual consent pursuant to Section 6.1 of the Merger Agreement. As a result of such termination, the Merger Agreement is henceforth void and of no effect, without any liability on the part of the Parties or their affiliates, directors, officers, or stockholders.
In witness whereof, the undersigned have caused this agreement to be duly executed and delivered as of the date first above written.
HIGHLAND BUSINSESS SERVICES, INC. |
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By: | /S/ Xxxxxx Xxxxxxxx |
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Name: Xxxxxx Xxxxxxxx, President |
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HIGHLAND SUB CO |
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By: | /S/ Xxxxxx Xxxxxxxx |
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Name: Xxxxxx Xxxxxxxx, President |
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RITEWIRE, INC. |
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By: | /S/ Rod Place |
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Name: Xxx Xxxxx, President |
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