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Exhibit 2.2
TERMINATION AGREEMENT
This Termination Agreement (the "Agreement") is made this 1st day of
March, 2001 (the "Effective Date"), by and among CyberCash, Inc., a Delaware
corporation, Blue Fish Acquisition Corp., a Virginia corporation and Network 1
Financial Corporation, a Virginia corporation. The signatories to this Agreement
will be referred to jointly as the "Parties."
WHEREAS, the Parties entered into the Agreement and Plan of Merger dated
December 13, 2000 ("Merger Agreement"); and
WHEREAS, the Parties wish to terminate the Merger Agreement as of the
Effective Date.
NOW, THEREFORE, in consideration of the mutual promises contained herein
and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the Parties agree as follows:
1. CyberCash, Inc. and Network 1 Financial Corporation mutually
agree to terminate their Agreement and Plan of Merger effective immediately,
each reserving all rights thereunder.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the
date first above written.
CYBERCASH, INC.
By: /s/ Xxxx X. Xxxxxx
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Name: Xxxx X. Xxxxxx
Title: Chief Financial Officer
NETWORK 1 FINANCIAL CORPORATION
By: /s/ Xxxxxxx X. Xxxx
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Name: Xxxxxxx X. Xxxx
Title: President & CEO
