Exhibit 10.2
TERMINATION AGREEMENT
This Termination Agreement (the "Termination Agreement") is made and
entered into as of March 31, 2012, by and between Stevia Corp., a Nevada
corporation ("Stevia") and Agro Genesis Pte. Ltd. ("Agro Genesis"). Terms not
defined in this Agreement shall have the respective meanings given them in that
certain Agribusiness Development Agreement between Stevia and Agro Genesis (the
"Agreement").
RECITALS
WHEREAS, Stevia and Agro Genesis are parties to the Agreement, pursuant to
which Agro Genesis was to provide certain agricultural-related services to
Stevia; and
WHEREAS, Stevia and Agro Genesis have agreed to terminate the Agreement,
effective as of the date hereof (the "Effective Date"), and to release each
other from any further liabilities or obligations under the Agreement.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual promises hereinafter set
forth and intending to be legally bound, the parties hereby agree as follows:
1. Termination and Release. Stevia and Agro Genesis each acknowledge and
agree that upon the Effective Date, the Agreement shall immediately terminate
and be of no further force or effect. Except as set forth in Section 2 below,
neither Stevia nor Agro Genesis will have any further rights or obligations
under the Agreement, including without limitation, with respect to the specific
service periods set forth in the Agreement and Appendix C thereto, with respect
to the post-termination commission arrangement set forth in Schedule 1 to the
Agreement, or pursuant to the provisions of Section 9.3 of the Agreement. Agro
Genesis hereby releases and forever discharges Stevia from any and all claims,
controversies, rights, disputes, causes of action, obligations, liabilities or
demands, of whatsoever kind or nature, whether present or future, whether
accrued or which may hereafter accrue, and whether known, unknown, foreseen,
unforeseen or hereafter discovered, whether contingent or absolute, at common
law, statutory or otherwise, which Agro Genesis, its agents, representatives,
successors and/or assigns has had, may now have or may ever have, against Stevia
arising out of, or in any way resulting from, based on, or relating to the
Agreement.
2. Survival. Notwithstanding the foregoing, the provisions of Section 7
relating to confidentiality, and Section 5.1, relating to technology and patent
development, shall survive the termination of the Agreement.
3. Miscellaneous. No waiver, modification or amendment of any term,
condition or provision of this Termination Agreement shall be valid or of any
effect unless made in writing, signed by the party to be bound or its duly
authorized representative and specifying with particularity the nature and
extent of such waiver, modification or amendment. Any waiver by any party of any
default of the other shall not affect or impair any right arising from any
subsequent default. This Termination Agreement and all documents related hereto
may be executed in one or more counterparts, including facsimile or pdf
counterparts, each of which shall be deemed an original and together which shall
constitute one and the same document.
IN WITNESS WHEREOF, and intending to be legally bound hereby, this
Termination Agreement is executed as of the day and year first above written.
Stevia Corp.
By: /s/ Xxxxxx Xxxxxxxxxxxx
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Xxxxxx Xxxxxxxxxxxx, President
AGRO GENESIS PTE. LTD.
By: /s/ Sung Do Song
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Name: Sung Do Song
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Title: Director
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