Rescission, Termination and Release Agreement Sample Contracts

Rescission, Termination and Release Agreement by and among Sollensys Corp., SCARE Holdings, LLC, Celerit Corporation, Celerit Solutions Corporation, CRE Holdings, LLC, Terry Rothwell and Ron Harmon

Rescission, Termination and Release Agreement • August 26th, 2022 • Sollensys Corp. • Services-computer processing & data preparation • Nevada

• Contract Type
  Rescission, Termination and Release Agreement
• Filed
  August 26th, 2022
• Company
  Sollensys Corp.
• Industry
  Services-computer processing & data preparation
• Jurisdiction
  Nevada

This Rescission, Termination and Release Agreement (this “Agreement”) is entered into as of the date first set forth above (the “Effective Date”), by and among (i) Sollensys Corp., a Nevada corporation (“Sollensys”); (ii) SCARE Holdings, LLC, a Delaware limited liability company and a wholly owned subsidiary of Sollensys (“SCARE”); (iii) Celerit Corporation, an Arkansas corporation and a wholly owned subsidiary of Sollensys (“Celerit”); (iv) Celerit Solutions Corporation, an Arkansas corporation and a wholly owned subsidiary of Sollensys (“Celerit Solutions”); (v) Terry Rothwell (“Shareholder”); (vi) Ron Harmon (“Mr. Harmon”); and (vii) CRE Holdings, LLC, an Arkansas limited liability company (“CRE”). Each of Sollensys, SCARE, Celerit, Celerit Solutions, Shareholder, Mr. Harmon and CRE may be referred to herein collectively as the “Parties” and separately as a “Party”.