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Exhibit 10.20
TERMINATION AGREEMENT
This Termination Agreement, dated as of December 26, 2006 (this
" Agreement "), is made by and between Aldabra Acquisition
Corporation (" Aldabra ") and Terrapin Partners, LLC ("
Terrapin "). Capitalized terms used herein but not
defined shall have the meanings ascribed thereto in the Letter
Agreement (as hereinafter defined).
RECITALS
WHEREAS, Aldabra and Terrapin are parties to that certain Letter
Agreement, dated on or about February 7, 2005 (the " Letter
Agreement "), pursuant to which Aldabra agreed to pay Terrapin
a sum of $7,500 per month (the "Monthly Fee") in exchange for
certain administrative, technology and secretarial services;
WHEREAS, pursuant to Section 5.C(vii) of the Agreement and Plan
of Merger, dated June 20, 2006 (the "Merger Agreement"), by and
among GLDD Acquisitions Corp., Aldabra, Aldabra Merger Sub, L.L.C.,
and certain of their respective stockholders as representatives of
the parties to the merger agreement, Aldabra must terminate its
arrangements to pay Terrapin the Monthly Fee as a condition to
completing the merger contemplated by the Merger Agreement; and
WHEREAS, pursuant to the terms hereof, Aldabra and Terrapin
desire to terminate the Letter Agreement and any rights and
obligations derived therefrom, including Aldabra’s obligation
to pay the Monthly Fee to Terrapin.
NOW, THEREFORE, in consideration of the mutual agreeme
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