SETTLEMENT AGREEMENT AND RELEASE
Exhibit
10(i)
AND
RELEASE
This
Settlement Agreement and Release (the “Agreement”) is effective July 10, 2009,
by and between Vlado Hrejanovic, an individual (“Hreljanovic”) and Juniper
Group, Inc., a Nevada corporation, (“Juniper”).
RECITALS
A. WHEREAS,
Hreljanovic has provided personal services to Juniper for which he has not been
fully compensated: and
B. WHEREAS,
Juniper has agreed to issue Series E Preferred Shares of Juniper Holdings, Inc.
in partial satisfaction in the amount of $31,000 for such services
and.
C. WHEREAS,
the parties desire in exchange for the releases and promised delivery designated
herein to release and discharge any and claims for services in the amount of
$31,000 that exist between the parties hereto and to resolve only that amount of
the compensation claims by Hreljanovic against Juniper without the necessity of
further claims, payments or exchanges;
NOW
THEREFORE, in consideration of the mutual covenants contained herein which are
acknowledge to be good and valuable consideration the parties agree as
follows:
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1.
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Juniper
shall deliver to Hreljanovic 31,000,000 shares of Juniper Group, Inc.
Series E Preferred Stock.
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2.
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Juniper
and Hreljanovic shall each release and discharge the other herein named
parties from any and all charges, claims and rights that were asserted or
could have been asserted as to the other party upon the execution and
performance provided for herein for compensation in the amount of $31,000
owed to Hreljanovic by Juniper.
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3.
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The
parties hereby release, acquit and forever discharge each other, their
present and former officers, directors, members, employees, affiliates,
owners, partners, attorneys, agents, successors and assigns, of and from
any and all claims, demands, promises, costs, damages, expenses and/or
causes of action of any nature whatsoever, which exist or may exist based
upon the obligation of Juniper to Hreljanovic for compensation in the
amount of $31,000 that exists as of the date of this
agreement. In this regard, the parties acknowledge and
represent that they have made their own investigation with respect to the
claims involved in the compensation claims and the advisability of
settlement and that they have not relied upon any representations of any
other party to this agreement in agreeing to settlement of the claims in
the amount of $31,000 and the mutual release contained
herein.
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4.
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The
parties acknowledge and agree that this agreement is entered into in
settlement and compromise of te potential claims and shall not constitute
an admission of any evidence of wrongdoing by any party and that each
party denies any liability to any other party to this
agreement.
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5.
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Should
legal action be necessary to enforce, construe, rescind, terminate or
recover for the breach of the provisions of this agreement, the prevailing
part or parties shall be entitled to recover all costs of suit, including
reasonable attorney=s
fees.
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6.
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This
Agreement shall be governed by and construed in accordance with the Laws
of the State of New York.
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7.
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The
individuals signing this Agreement warrant that they have full authority
to bind their principals as parties to this
Agreement.
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IN
WITNESS WHEREOF, the undersigned parties have executed this Agreement as of the
date first above written.
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Xxxxx
X. Xxxxxxxxxxx
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Juniper
Group, Inc.
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/s/
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By:
/s/
.
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Individually Office: .