Termination Notice of Standstill Agreement between Colonial Commercial Corp. and Shareholder
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Summary
Colonial Commercial Corp. notifies the shareholder that the Standstill Agreement dated June 21, 2004, is now terminated. The shareholder is no longer contractually restricted from buying or selling the company's securities. However, company officers, directors, and shareholders owning more than 5% must still get prior approval from company counsel before any transactions, as blackout restrictions may apply. For questions, the shareholder is directed to contact the company.
EX-4.01 2 ex4_01.txt EXHIBIT 4.01 EXHIBIT 4.01 VIA FEDERAL EXPRESS AND E-MAIL November 2, 2007 Name ----------------------- Address -------------------- - --------------------------- Dear Shareholder: The Standstill Agreement dated June 21, 2004 between you and Colonial Commercial Corp. is terminated, and there is no contractual restriction on your purchase or sale of Company securities. However, officers, directors and more than 5% shareholders remain required to obtain prior approval from our Counsel for each and every transaction, as blackout restrictions may apply. If you have any questions, please contact us. Very truly yours, William Pagano Chief Executive Officer
