EXHIBIT 5.23
MUTUAL RELEASE
THIS MUTUAL RELEASE made the 19/th/ day of May, 1999, between Reconnaissance
Technologies Inc. ("Reconnaissance"), 0000 Xxxxxx Xxxxxx, Xxxxx X-0, Xxxxxxxxx,
Xxxxxxx Xxxxxxxx, and Xxxx Xxxx & Associates ("Xxxx") of 0000 Xxxxxxxxxxx Xxxxx,
Xxxxx Xxxxxxxxx, Xxxxxxx Xxxxxxxx (collectively the "Releasors").
WITNESS that in consideration of the payment of $1.00 by Reconnaissance to Xxxx
and in consideration of the payment of $1.00 by Xxxx to Reconnaissance, each of
the Releasors, for themselves and their respective directors, officers,
shareholders, partners, successors, assigns, servants, agents, attorneys, heirs
and executors and do hereby release the other, and the others respective
directors, officers, shareholders, partners, servants, successors, assigns
agents, attorneys, heirs and executors, from any and all obligations, services
owed, requirements to issue shares or other securities, payments of money,
debts, contracts, bonds, actions, causes of action, claims, damages and demands
of every nature and kind whatsoever and wheresoever, which may arise out of or
pursuant to the terms of the consulting agreement entered into between
Reconnaissance and Xxxx dated June 1, 1998, as amended January 25, 1999 (the
"Consulting Agreement"), other than as set out below.
Nothing in this Release shall release Reconnaissance from the obligation to make
the payments and issue the common shares set out in subsections 5.4 and 5.6 of
the Consulting Agreement, and nothing in this Release shall release Xxxx from
its obligations under Section 6 - "Confidential Information" of the Consulting
Agreement.
IN WITNESS WHEREOF the parties have set their hands and seals.
The Corporate Seal of Reconnaissance }
Technologies Inc. was hereunto affixed }
in the presence of: }
} C/S
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XXXX XXXX & ASSOCIATES
Per: __________________________________
Xxx Xxxxx - Authorized Signatory
