Cancellation of Letter AgreementCancellation Agreement • July 15th, 2010 • PrismOne Group, Inc. • Household audio & video equipment
For the sum of TEN UNITED STATES DOLLARS ($10.00) and other good and valuable consideration, including but not limited to the mutual release set forth herein, the receipt and sufficiency of which is acknowledged and agreed, each of PrismOne Group, Inc. (“Company”) and Professional Interactive Entertainment Corp. for itself and its related entities including parents, subsidiaries, owned and controlled entities (collectively “GGL”) (each of Company and GGL are also sometimes referred to as a “Party” and collectively the “Parties”) hereby agree to cancel that certain letter Agreement dated January 19, 2010, a copy of which is attached hereto (the “Letter Agreement”). The Letter Agreement shall be of no further force and effect and no further obligations are owed to any person or entity by reason thereof.
