TERMINATION AGREEMENTTermination Agreement • February 7th, 2017 • Its Burger Time Restaurant Group, Inc. • Retail-eating places • Nevada
THIS TERMINATION AGREEMENT (this “Agreement”) is made this 29th day of December, 2015 (the “Termination Effective Date”) by and among BTND, LLC, a Colorado limited liability company (“BTND”), each of the members of BTND as of April 5, 2015 (the “Members”), Pretoria Resources Two, Inc., a Nevada corporation (“Pretoria”), BTND Merger Sub LLC, a Colorado limited liability company and wholly-owned subsidiary of Pretoria (“Merger Sub”), and Titan Asset Advisors, LLC, a Delaware limited liability company, solely as to the provisions of Section 7.09 of the Agreement (“Titan”). BTND, each of the Members, Pretoria and Titan are referred to herein as a “Party” or collectively as the “Parties”. Capitalized terms used but not defined in this Agreement shall have the meanings assigned to such terms in the Agreement and Plan of Merger dated as of April 6, 2014, by and among the Parties (as amended by Amendment No. 1. thereto dated as of April 14, 2015, the “Merger Agreement”).
