[Cartoon's Identifying Graphic]
CARTOON ACQUISITION, INC.
Post Office Box 202
Wyoming, New York 00000-0000
Telephone and Telecopier (585) 495-9923
October 23, 2006
Xxxxxxxx X. Xxxxxx
President
MONTANA ACQUISITION CORPORATION
Post Office Box 202
Wyoming, New York 14591-0202
Subject: Termination of Office Sharing Agreement
dated June 1, 2006
Dear Xx. Xxxxxx:
Please be advised that effective this date, Cartoon
Acquisition, Inc., a United States corporation, has
terminated its sublease agreement with Xxxxxxxx X.
Xxxxxxx (the "Xxxxxxx Rental"), for its month-to-month
use of the office commonly located at 000 Xxxxxxxxx
Xxxxxx, Xxxxxx Xxxxx, Xxxxxxxxx, Xxx Xxxx (the
"Office").
On or about June 1, 2006, Montana Acquisition
Corporation, a Delaware corporation ("Montana"),
entered into an office sharing agreement (the "Use
Agreement") with Cartoon, which permitted Montana to
occupy a portion of the Office in exchange for the
payment of $250 per month to Cartoon, to be paid and to
continue on a month-to-month basis from the date of the
Use Agreement.
However, as the result of Cartoon's termination of
the Xxxxxxx Rental, Cartoon, following October 31,
2006, will no longer be able to use the Office.
Consequently, Cartoon must notify you that its Use
Agreement with Montana, under the terms and conditions
thereof, must be cancelled, to become effective on
October 31, 2006.
Page 1
Therefore, I ask that you remove any company property
from the Office, cease using the Office for any purpose
on October 31, 2006, and notify Xxx. Xxxxxxx of your
acknowledgment of Montana's receipt of this letter in
due course following Montana's receipt hereof.
Please understand that Montana has not paid Cartoon
under the Use Agreement from the date of that agreement
to-date, and that Cartoon will continue to xxxx Xxxxxxx
for the monthly fee and will reflect the balance due on
its financial books and records as an account
receivable from Montana to the date that such balance,
including appropriate late charges, penalties, and
interest are paid to Cartoon.
If you have any questions, please contact Cartoon, in
writing, to the address written first above.
Sincerely,
CARTOON ACQUISITION, INC.
/s/ Xxxxxxxx X. Xxxxxx
Xxxxxxxx X. Xxxxxx
President
cc: Xxxxxxxx X. Xxxxxxx
Xxxxxxx X. Xxxxxx, CPA, P. C.
Enclosures, Office Sharing Agreement dated June 1,
2006
Notification to Xxxxxxxx X. Xxxxxxx of
Termination of Cartoon's Sublease
