Exhibit 99.2
FIT FOR BUSINESS INTERNATIONAL, INC.
MUTUAL RESCISSION AGREEMENT
EMPLOYMENT AGREEMENT DATED NOVEMBER 29, 2004
WITH XXXX XXXXXXX AS CHIEF EXECUTIVE OFFICER
This Agreement of mutual rescission of a contract made and entered into
this 6th day of June, 2007, by and between Xxxx Xxxxxxx ("Xxxxxxx") and Fit For
Business International, Inc. ("FFB").
FFB and Xxxxxxx hereby mutually acknowledge and agree that:
1. On November 29, 2004, the parties entered into an employment agreement hiring
Xxxxxxx as Chief Executive Officer of FFB which is attached and marked Exhibit B
(the "Employment Agreement").
2. The parties to the Employment Agreement and to this agreement of mutual
rescission wish to rescind the Employment Agreement and to simultaneously
execute a mutual release agreement attached and marked Exhibit C (the "Mutual
Release")
3. Therefore, in consideration of the mutual covenants of the parties, the
parties hereby rescind the Employment Agreement effective as of this day first
written above.
4. Further, the Company agrees to defend, indemnify and hold harmless Xxxxxxx
from and against any and all costs, expenses and liability (including attorney's
fees paid in the defense of Xxxxxxx) which may in any way result from services
rendered by Xxxxxxx pursuant to or in any connection with the Employment
Agreement other than any such liabilities resulting from Xxxxxxx'x xxxxx
negligence or willful misconduct in the event that the Company's Director's and
Officers liability insurance does not cover any of such claims.
5. This agreement of mutual rescission shall be binding upon the parties, their
successors, assigns and personal representatives. Neither party shall have any
further rights or duties thereunder.
This Agreement contains the entire understanding of the parties hereto
relating to the subject matter herein contained, and can be changed only by a
writing signed by both parties hereto.
This Agreement shall be governed by and construed in accordance with
the substantive law of the State of New York without regard to choice of law
principles.
IN WITNESS HEREOF, the parties have signed this agreement as of the day
and year first set forth above.
FIT FOR BUSINESS INTERNATIONAL, INC.
By: /s/ Xxxx Xxxxxxx June 6, 2007
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Print: Xxxx Xxxxxxx, CEO Date
ACCEPTED AND AGREED:
By: /s/ Xxxx Xxxxxxx June 6, 2007
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Print: Xxxx Xxxxxxx Date
