Exhibit 10.99 (c)
CONTRACT TERMINATION AGREEMENT
THIS AGREEMENT made as of the 30th day of December 1999.
BETWEEN: CHOICES ENTERTAINMENT CORPORATION, a Delaware
Republic Hotel Investors, Inc., a Washington
WHEREAS Choices and RHII are the parties to a binding Letter of Intent the ("LOI") dated as of the 30th day
of August, 1999 in respect of the acquisition of the business of RHII by Choices;
AND WHEREAS the parties thereto have agreed to terminate the LOI;
NOW THEREFORE for good and valuable consideration, the receipt and sufficiency of which are hereby
irrevocably acknowledged by each of the parties hereto, the parties hereto hereby covenant and agree as follows:
1. RHII hereby accepts the sum of 500,000 shares of the common stock, par value $0.01 per share, of Choices
in full and final settlement of any and all amounts owing by Choices to RHII or its officers, directors, shareholders
or agents, pursuant to the LOI, which shares are hereby assigned over by RHII to Lorne Bradley and or his
nominee, and such shares shall be delivered to RHII as soon as is reasonably practicable after the date of this
Agreement but in any event no later than February 15, 2000. The shares of the common stock deliverable
pursuant to this agreement shall be registered in the name of Railex Republic Industrial Development Corporation
whose address is P.O. Box 2148, Vancouver, B.C., V6B 3T8, Canada.
2. The LOI is hereby terminated and has no further force and effect as of the date hereof. Choices hereby agrees
to timely pay any amount owed
Seattle Northwest Securities Corporation when, as and if such amount owing becomes a liquidated amount.
3. Lorne Bradley hereby tenders his resignation as Chairman of the Board of Directors, President and Chief
Executive Officer of Choices which resignation is hereby accepted.
4. RHII does hereby release and forever discharge Choices and any directors, officers and employees of
Choices of and from all manner o