RESCISSION AND SETTLEMENT AGREEMENTRescission and Settlement Agreement • August 28th, 2008 • Independent Film Development CORP • Investors, nec • California
AGREEMENT made this 26th day of August 2008, by and between INDEPENDENT FILM DEVELOPMENT CORPORATION, a Nevada corporation (hereinafter “The Company”), and IMPERIA ENTERTAINMENT, INC.,(hereinafter “Imperia”) and its preferred shareholders, KENNETH EADE, and GEORGE IVAKHNIK, and JEFFREY VOLPE and GREGORY ALLEN WEBB (hereinafter collectively “Releasers”), provides as follows:
