GLOBAL CONSUMER LETTERHEAD] December ___, 2008Letter Agreement • December 29th, 2008 • Global Consumer Acquisition Corp. • Blank checks • New York
This letter agreement (the “Letter Agreement”) is being delivered to you in connection with your agreement hereby to serve as a member of the board of directors (the “Board”) of Global Consumer Acquisition Corp., a Delaware corporation (the “Company”). In connection with and in consideration of your appointment to the Board, and in consideration of the representations, warranties and mutual covenants made in this Letter Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
SETTLEMENT AGREEMENT AND MUTUAL RELEASESettlement Agreement and Mutual Release • December 29th, 2008 • Global Consumer Acquisition Corp. • Blank checks • California
THIS SETTLEMENT AGREEMENT AND MUTUAL RELEASE (this “Agreement”) is made and entered into as of December 23, 2008 by and between SCOTT LAPORTA (“Mr. LaPorta”), residing at 308 Laurel St., San Francisco, CA, 94118, on the one hand, and GLOBAL CONSUMER ACQUISITION CORP. (“GCAC”), located at 1370 Avenue of the Americas, 28th Floor, New York, NY 10019, on the other hand (collectively, the “Parties”).
