RESCISSION AND MUTUAL RELEASE AGREEMENT BETWEEN KINGS ROAD ENTERTAINMENT, INC. & ASHFORD CAPITAL, LLCRescission and Mutual Release Agreement • May 23rd, 2007 • Kings Road Entertainment Inc • Services-motion picture & video tape production • California
This Rescission and Mutual Release Agreement (hereinafter referred to as “Agreement”), is made and entered into this ____day of May, 2007, by and between KINGS ROAD ENTERTAINMENT, INC., (herein referred to as “KREN”), which maintains a business address at 468 N. Camden Drive, Beverly Hills, CA 90210, and ASHFORD CAPITAL, LLC., (herein referred to as “Ashford Capital”), which maintains a business address at 19200 Von Karman Ave., Suite 600, Irvine, CA 92612, and, each and all of which are referred to from time to time as the “Parties,” as follows:
