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TERMINATION OF PROMISSORY NOTE

Termination Agreement

TERMINATION OF PROMISSORY NOTE | Document Parties: GRAND HAVANA ENTERPRISES INC You are currently viewing:
This Termination Agreement involves

GRAND HAVANA ENTERPRISES INC

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Title: TERMINATION OF PROMISSORY NOTE
Date: 2/16/2006
Industry: Restaurants    

TERMINATION OF PROMISSORY NOTE, Parties: grand havana enterprises inc
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Exhibit 10.10

 

GRAND HAVANA ENTERPRISES, INC.

1990 Westwood Boulevard, Penthouse

Los Angeles, CA 90025

 

 

 

 

September 26, 2004

 

 

 

 

Mr. Harry Shuster

1990 Westwood Boulevard, Third Floor

Los Angeles, California 90025

 

 

Dear Mr. Shuster:

 

When countersigned by you below, this letter will set forth our understanding and constitute our agreement as to the following:

 

As of September 26, 2004, Grand Havana Enterprises, Inc. (the “ Company ”) is indebted to you in the total amount of $2,435,050.42, which represents $1,722,974.31 in principal and $712,076.11 in unpaid interest accrued as of the date hereof, as a result of that certain Promissory Note, dated March 1, 2004, in the principal amount of $2,500,900.81 (the “ Outstanding Promissory Note ”). You hereby acknowledge and agree that the Ou


 
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