Exhibit 99.4
MUTUAL RELEASE
This Mutual Release is made, this 22nd day of August, 2000, by and
between WORLDWIDE WEB NETWORX CORPORATION, a Delaware corporation with its
principal place of business located at 000 Xxxxxxxxxx Xxxx, Xxxxx 000, Xx.
Xxxxxx, XX 00000 (hereinafter referred to as "Company"); and XXXXXX X. XXXXX
(hereinafter referred to as "Xxxxx").
WHEREAS, Xxxxx has been employed by the Company as its Director of
Financial Reporting and Control;
WHEREAS, Xxxxx and the Company desire to release each other as to all
affairs occurring prior to the date hereof and continue their relationship to
their mutual benefit.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged and conclusively established, the
parties agree as follows:
1. The Company, on its own behalf and on behalf of its successors
and assigns (collectively, for purposes of this Paragraph 1,
the "Releasing Parties"), does hereby remise, release and
forever discharge Xxxxx, and her heirs and personal
representatives (collectively, for purposes of this Paragraph
1, the "Released Parties"), of and from any and all manner of
actions and causes of action, suits, debts, dues, accounts,
bonds, covenants, agreements, judgments, losses, damages,
liabilities, claims and demands whatsoever in law or equity
arising out of or relating, in any way, to an action or
inaction by Xxxxx while serving as an employee of the Company,
or any other matter or thing whatsoever, which, against the
Released Parties, or any of them, the Releasing Parties, or
any of them, ever had, now have, hereafter can, shall or may
have, from the beginning of the world to the date of these
presents, and hereby agrees to indemnify and hold harmless
Xxxxx, to the fullest extent permitted by law, for any action
or inaction of Xxxxx while serving as an employee of the
Company.
2. Xxxxx, on her own behalf and on behalf of her successors and
assigns (collectively, for purposes of this Paragraph 2, the
"Releasing Parties"), does hereby remise, release and forever
discharge the Company, together with its officers, directors,
employees, agents, successors and assigns (collectively, for
purposes of this Paragraph 2, the "Released Parties"), of and
from any and all manner of actions and causes of action,
suits, debts, dues, accounts, bonds, covenants, agreements,
judgments, losses, damages, liabilities, claims and demands
whatsoever in law or equity arising out of or relating to the
services performed by Xxxxx as an employee of the Company, or
any other matter or thing whatsoever, which, against the
Released Parties,
or any of them, the Releasing Parties, or any of them, ever
had, now have, hereafter can, shall or may have, from the
beginning of the world to the date of these presents.
3. Each Party hereby acknowledges and agrees that:
a. This Mutual Release is the free act and deed of such
party, and is made by it, after consulting with (or
having the full opportunity to consult with) legal
counsel, without duress or coercion; and
b. This Mutual Release sets forth the sole and entire
agreement between Xxxxx and the Company with respect
to the subject matter hereof and is made and given by
such party without any representation, inducement,
agreement, promise or undertaking by the other party
altering, modifying, taking from or adding to the
terms and conditions hereof.
4. This Mutual Release shall become effective upon the execution
hereof and the execution of the letter agreement to which this
Mutual Release is appended as an exhibit.
IN WITNESS WHEREOF, the parties have each duly executed this Mutual
Release on the date first written above.
/s/ Xxxxxx X. Xxxxx
--------------------------------
XXXXXX X. XXXXX
WORLDWIDE WEB NETWORX CORPORATION
By: /s/ Xxxxxx X. Xxxxx
----------------------------
Name: Xxxxxx X. Xxxxx
Title: President
