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Exhibit 99.2
RELEASE
THIS RELEASE is made and entered into as of the date set forth at the end
hereof, by and between the undersigned Incredible Universe ("Creditor") and
Smart Games Interactive, Inc. (f/n/a Sports Sciences, Inc. "SGI").
WHEREAS, SGI desires to settle and resolve all disputes with and claims of
Creditor against SGI in accordance with the terms and conditions set forth
herein; and
WHEREAS, Creditor desires to settle and resolve all of its disputes with
and claims against SGI in accordance with the terms and conditions herein.
NOW, THEREFORE, for and in consideration of the foregoing and the
promises, agreements, and covenants set forth in this Release, and for other
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties hereby covenant and agree as follows;
1. Upon SGI's receipt of Creditor's executed counterpart of this Release,
SGI shall pay to Creditor six hundred and forty dollars ($640.00).
2. Creditor, for itself, its successors and assigns, and for any person or
entity claiming through, under or by reason of their relationship with
Creditor (Creditor and all such entities and individuals are
collectively referred to as "Releasors"), does hereby unconditionally
release, compromise, and fully, finally, completely and forever
discharge SGI, its parent, subsidiaries, divisions, shareholders,
affiliates, agents, representatives, servants, employees, officers
directors, insurers, attorneys, successor and assigns, in their
corporate and individual capacities (collectively, "Releasors", of
and from any and all claims, demands, actions, causes of action, suits,
costs, damages, losses, payments, penalties, liabilities and/or
obligations of any kind or nature whatsoever, whether now known or not
known or hereafter discovered (collectively, "Claims"), which the
Releasors have or may have against any or all of the Releasees, from
the beginning of time to the date hereof, including those relating to
Creditor's sale of goods or services to SGI.
3. This Release shall be binding upon and shall inure to the benefit of
the Parties, the Releasors and the Releases.
4. The parties to this Release agree to keep the terms of the Release
strictly confidential and not to discuss, disclose or cause to be
disclosed, the terms of this Release, other than to the parties hereto
and their respective legal counsel, accountants, and other business
advisors who agree to observe the provisions of this Paragraph 4.
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5. Creditor represents and warrants that it has not assigned or
transferred to any person, firm or entity any of the Claims being
released hereby.
6. This release has been entered into in compromise of disputed claims,
without any admission or acknowledgement of liability on the part of
any party.
7. This Release constitutes the entire agreement between the parties with
respect to the subject matter herein, and all prior agreements, whether
written or oral, and all prior discussions between the parties, are
merged herein. This Release may only be changed in writing signed by an
authorized representative of each party.
8. It is agreed by the parties to this Release that it may be executed in
counterparts, each of which shall be deemed an original, regardless of
the date of its execution and delivery. All such counterparts to the
other shall constitute one and the same document.
9. This Release shall be interpreted, construed and enforced in all
respects in accordance with the laws of the State of Ohio, without
regard to conflict or choice of laws, rules or principals.
10. The undersigned hereby warrant and represent that they have full
authority to execute and perform this Release on behalf of the entities
for which they have signed.
CREDITOR:
______________________________
(Name of Creditor)
Date:___________________ By:___________________________
Smart Games Interactive, Inc.
Date:___________________ By:___________________________
