Mutual Consent to Rescind Agreement between Domark International, Inc., Silk For Less, Inc., and Luis Cardenas

Contract Categories: Business Finance › Release Agreements
Summary

Domark International, Inc., Silk For Less, Inc., and Luis Cardenas have agreed to cancel their previous Agreement for the Exchange of Common Stock, which was executed and closed on May 27, 2011. All documents and shares exchanged will be returned, and each party will be restored to their original position before the agreement. The parties also release each other from any claims related to the agreement or its closing. This rescission is effective immediately as of June 3, 2011.

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EX-10.1 2 ex10-1.txt MUTUAL CONSENT TO RESCIND AGREEMENT Exhibit 10.1 MUTUAL CONSENT TO RESCIND This agreement is made and entered into on June 3, 2011, by and between Domark International, Inc., hereinafter DOMK, and Silk For Less, Inc. a Florida corporation, and Luis Cardenas, shareholder, hereinafter referred to collectively as the parties. Whereas, the parties hereto entered into an Agreement for the Exchange of Common Stock (Agreement) on May 27, 2011, and Whereas, the transaction closed on May 27, 2011, and Whereas, the parties hereto desire to rescind the Agreement by mutual consent. Now therefore, for valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows: 1. The Agreement for the Exchange of Common Stock executed and closed by the parties on May 27, 2011 is hereby rescinded effective immediately. 2. All documents delivered by one party to another will be returned and the parties will be placed back in the position they were prior to entry into the agreement and the transaction closing including the return of any shares issued in the transaction to each other pursuant to the terms of the agreement. 3. The parties hereto each release the other of any claims of any kind relating to the agreement and transaction closing. In witness whereof, the parties hereto have executed this agreement as of the 3rd day of June, 2011 at Orlando, Florida. Domark International, Inc. Silk For Less, Inc. By: /s/ R. Thomas Kidd By: /s/ Luis Cardenas --------------------------------- --------------------------------- Its CEO President Luis Cardenas