EXHIBIT 10.5
MUTUAL GENERAL RELEASE
MUTUAL GENERAL RELEASE dated as of April 27, 2005 by and between Datameg
Corporation, a New York corporation and Xxxxxx Xxxxxx.
1. General Release. Each of the parties hereto, on behalf of himself or itself,
and his or its respective past, present, and future employees, officers,
directors, agents, attorneys, representatives, affiliates, predecessors, heirs,
successors and assigns, hereby absolutely, unconditionally and completely
releases, remises and forever discharges the other party hereto and his or its
respective past, present, and future employees, officers, directors, agents,
attorneys, representatives, affiliates, predecessors, heirs, successors and
assigns, of and from all debts, demands, actions, causes of action, suits,
accounts, covenants, agreements, torts, damages, claims, obligations and
liabilities whatsoever, of every name and nature, both in law and in equity,
whether liquidated or unliquidated, known or unknown, foreseen or unforeseen, no
matter how arising, that either of the parties may have against the other, up to
and including the date hereof.
2. General.
a. This Agreement contains the entire understanding of the parties hereto
relating to the matters referenced herein and may only be amended by a
written instrument, duly executed on behalf of the respective parties.
b. This general release is under seal and shall be construed pursuant to the
laws of The Commonwealth of Massachusetts, without regard to principles
of conflict of laws.
c. This Agreement shall be deemed to have been jointly drafted by the
parties for all purposes involving its construction and enforcement. The
Agreement will be interpreted in accordance with its fair meaning and
will not be construed strictly against any party.
d. This instrument shall be binding upon the parties hereto, and their
respective successors, assigns, heirs, and legal representatives.
e. This Agreement may be executed in multiple counterparts, each of which
shall be deemed an original, and all of which together shall constitute
one and the same instrument.
Datameg Corporation
By: /s/ Xxxxxx Xxxxxx /s/ Xxxxxx Xxxxxx
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Name: Xxxxxx Xxxxxx Xxxxxx Xxxxxx
Title: Chairman of the Board
