EXHIBIT 10.43
TERMINATION OF STOCK APPRECIATION RIGHTS AGREEMENT
THIS AGREEMENT is made as of November 7, 2000,
BETWEEN:
E*Comnetrix Inc., a company duly incorporated under the Canada
Business Corporations Act and having an office at 000 Xxxxxxxxx
Xxx, Xxxxx 000X, Xxxx Xxxxxx, Xxxxxxxxxx
(the "Company")
AND:
Xxxx X. Xxxxx, of 000 X. Xxxx Xxxx. Xxx. 0, Xxxx, Xxxxxx
(the "Recipient")
WHEREAS:
A. By agreement (the "SAR Agreement") made as of March 10, 2000, the
Company granted to the Recipient 250,000 stock appreciation rights (the "SARs");
and
B. The Company and the Recipient wish to terminate the SAR Agreement;
NOW THEREFORE THIS AGREEMENT WITNESSES THAT in consideration of the recitals,
the following agreements, the payment of One Dollar ($1.00) made by each party
to the other, and other good and valuable consideration, the receipt and
sufficiency of which is acknowledged by each party, the parties agree as
follows:
1. The SAR Agreement will be terminated and of no further force or
effect and will no longer be binding upon the Company, its
successors and assigns or upon the Recipient and his legal
personal representatives effective as of November 7, 2000.
IN WITNESS WHEREOF this agreement has been executed as of the day and year
first above written.
E*COMNETRIX INC. )
)
)
) C/S
__/s/ [Illegible]__________ )
AUTHORIZED SIGNATORY
SIGNED, SEALED AND DELIVERED )
By XXXX X. XXXXX in the )
presence of: )
)
) ____/s/ [Ilegible]_______
/s/ [Illegible] ) XXXX X. XXXXX
---------------------------
