AGREEMENT OF MUTUAL TERMINATION OF SERVICES AGREEMENT
Exhibit 10.20.1
This Agreement of Mutual Termination of Services Agreement (this “Agreement”) is made and
entered into this 5th day of July 2007, by and between DiscLive, Inc., a Delaware
corporation (“DiscLive”), and HDNet LLC, a Delaware limited liability company (“HDNet”).
RECITALS:
WHEREAS, DiscLive and HDNet are parties to that certain Services Agreement dated as of May 10,
2007 (the “Contract”); and
WHEREAS, the parties to this Agreement and to the Contract wish to terminate the Contract.
AGREEMENT:
NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the
execution and delivery hereof, the parties hereto, intending to be legally bound hereby, hereby
agree as follows:
1. Termination of Contract. Effective immediately, the Contract is hereby terminated.
Each of the parties hereto further acknowledges and agrees that they have no further rights,
obligations or duties under the Contract, except for said rights, obligations or duties that
expressly survive the termination of Contract as set forth in the Contract. Each of the parties
hereto also hereby expressly waives any notice requirements in the Contract with respect to the
termination of the Contract.
2. Binding Effect. This Agreement binds the parties hereto and their respective
heirs, executors, legal representatives, successors and assigns.
3. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF TEXAS, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW PRINCIPLES.
4. Entire Agreement. This Agreement constitutes the entire agreement and
understanding of the parties in respect of the subject matter hereof and supersedes all prior
understandings, agreements or representations by or among the parties, written or oral, to the
extent they relate in any way to the subject matter hereof.
SIGNATURE PAGE FOLLOWS
IN WITNESS WHEREOF, the parties hereto have duly executed, sealed and delivered this Agreement
on the day and year first above written.
DISCLIVE:
|
HDNET: | |||||||
| DiscLive, Inc., | HDNet LLC, | |||||||
| a Delaware corporation | a Delaware limited liability company | |||||||
By:
|
/s/ XXXXXX XXXX | By: | /s/ XXXXXX XXXXXX | |||||
Name:
|
Xxxxxx Xxxx | Name: | Xxxxxx Xxxxxx | |||||
Title:
|
Chief Executive Officer | Title: | Chief Financial Officer | |||||
| AGREED AND ACKNOWLEDGED | ||||||||
| this 5th day of July 2007: | ||||||||
| /s/ XXXXXX XXXX | ||||||||
| Xxxxxx Xxxx | ||||||||
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