TERMINATION AGREEMENT
Made as of the 17th day of July, 2006.
BETWEEN:
On4 Communications, Inc., a federally incorporated Canadian Company
having an address for notice and delivery located at 135-11300 Xx. 0
Xxxx, Xxxxxxxx, XX, Xxxxxx
(the "Seller")
OF THE FIRST PART
AND
Cimbix Corporation, a Company incorporated in the State of Washington
having an address for notice and delivery located at #134, 0000 Xxxxx
Xxxxxx Xxxx, Xxxxxxx Xxxxx, Xxxxxxxxxx
(the "Buyer")
OF THE SECOND PART
WHEREAS:
A. The Seller and Buyer entered into a Asset Purchase Agreement
dated January 30, 2006; and
B. The Seller and Buyer mutually agree to terminate the Asset
Purchase Agreement executed on January 30, 2006.
NOW, THEREFORE, in consideration of the premises and the conditions
herein contain, the parties agree as follows:
The Seller and Buyer agree to terminate and abandon the Asset Purchase
Agreement by mutual consent, thereby releasing each other from the Asset
Purchase Agreement and releasing each other from any further liability
towards this Agreement whatsoever.
IN WITNESS WHEREOF, this Agreement has been duly executed as of the
date first written above.
By Seller By Buyer
On4 Communications Inc. Cimbix Corporation
/s/ Xxxxxxx Xxxx /s/ Xxxxxx Xxxxxx
Xxxxxxx Xxxx, President Xxxxxx Xxxxxx, President
