EXHIBIT 10.34
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TERMINATION AGREEMENT
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THIS TERMINATION AGREEMENT (the "Agreement") is made and entered into
effective as of December 12, 2005, by and between SPEECHSWITCH, INC., a New
Jersey corporation (the "Company"), and CORNELL CAPITAL PARTNERS, LP, a Delaware
limited partnership (the "Investor").
Recitals:
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WHEREAS, the Company and the Investor entered into an Escrow Agreement
dated August 31, 2005 (the "Escrow Agreement").
NOW, THEREFORE, in consideration of the promises and the mutual promises,
conditions and covenants contained herein and in the Escrow Agreement and other
good and valuable consideration, receipt of which is hereby acknowledged, the
parties hereto agree as follows:
1. Termination. Each of the parties to this Agreement hereby terminate
the Escrow Agreement and the respective rights and obligations
contained therein. As a result of this provision, none of the parties
shall have any rights or obligations under or with respect to the
Escrow Agreement.
IN WITNESS WHEREOF, the parties have signed and delivered this Termination
Agreement on the date first set forth above.
SPEECHSWITCH, INC. CORNELL CAPITAL PARTNERS, LP
By:_________________________ By: Yorkville Advisors, LLC
Name: Xxxxx Xxxx Its: General Partner
Title: CEO
By:_________________________
Name: Xxxx X. Xxxxxx
Title: Portfolio Manager
ESCROW AGENT
By: ________________________
Name: Xxxxx Xxxxxxxx, Esq.
