Termination Letter for Asset Purchase Agreement Among Comtrak Logistics, Hub City Terminals, Interdom Partners, Commercial Cartage, and Pride Logistics

Contract Categories: Business Operations › Termination Agreements
Summary

This letter, dated July 9, 2007, confirms the mutual agreement between Comtrak Logistics, Hub City Terminals, Interdom Partners, Commercial Cartage, and Pride Logistics to terminate their Asset Purchase Agreement originally signed on June 6, 2007. The termination is effective immediately as per the terms of the original agreement. All parties have acknowledged and agreed to this termination by signing the letter.

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EX-10.1 2 interdomletter.htm INTERDOM TERMINATION LETTER interdomletter.htm

Exhibit 10.1
July 9, 2007

Interdom Partners
Commercial Cartage, Inc.
Pride Logistics, L.L.C.
c/o Interdom Partners
11800 S. 75th Avenue
Suite 2N
Palos Heights, IL 60463
Attention:  Richard K. Rudie

Dear Rick:
 
Reference is hereby made to that certain Asset Purchase Agreement dated as of June 6, 2007 by and among Comtrak Logistics, Inc., a Delaware corporation, Hub City Terminals, Inc., a Delaware corporation, Interdom Partners, a general partnership organized under the laws of Illinois, Commercial Cartage, Inc., a Nevada corporation (the “Company”), Pride Logistics, L.L.C., an Illinois limited liability company, and the other parties signatory thereto (the “Agreement”).  Each capitalized term used but not defined herein has the meaning assigned thereto in the Agreement.
 
Purchasers and Sellers hereby agree to terminate the Agreement as of the date hereof in accordance with Section 11.1(a) of the Agreement.
 
Please acknowledge your agreement with the above by executing this letter where indicated below.
 
COMTRAK LOGISTICS, INC.
 
By:  /s/ David P. Yeager
 
Title:  CEO
 

 
HUB CITY TERMINALS, INC.
 
By:  /s/ David P. Yeager
 
Title:  CEO
 

 

      
        
      
      
              
    


 

 
Acknowledged and agreed.
 
INTERDOM PARTNERS
 
By:           Interdom, Inc.
Its:           General Partner
 
By:           /s/ Richard K. Rudie
                         Richard K. Rudie, President
 
COMMERCIAL CARTAGE, INC.
 
By:           /s/ Richard K. Rudie
                Richard K. Rudie, President
 
 
PRIDE LOGISTICS, L.L.C.
 
By:           Bogfid, Inc.
 
By:           /s/ Richard K. Rudie
            Richard K. Rudie, President