RESCISSION AGREEMENTRescission Agreement • March 26th, 2020 • Kinetic Group Inc. • Services-advertising • Nevada
THIS RESCISSION AGREEMENT (this “Agreement”), dated as of the 24th day of March 2020 (the “Effective Date”) and effective as of the Rescission Effective Time (as hereinbelow defined), is made by and between CORETTE, LLC, a Delaware limited liability company (“Corette”) and KINETIC GROUP INC., a Nevada corporation (“Kinetic,” together with Corette, the “Parties” and each individually, a “Party”) with respect to the following facts and circumstances: (i) as part of a single transaction (such transaction, the “Subject Transaction”), the Parties entered into a certain Assignment and Conveyance Agreement dated November 11, 2019, pursuant to which Corette assigned to Kinetic (the “Subject Contribution”) Corette’s 100% ownership interest in and to Fairway LLC, a Nevada limited liability company (“Fairway” and such membership interest therein, the “Subject Membership Interest”), which in turn was and is the 100% owner of Solstice Marketing Concepts LLC., a Delaware limited liability company (“
