TERMINATION OF AGREEMENTS
This will confirm our mutual understanding and agreement that:
(a) the Agreement and Plan of Merger between Caneum, Inc. and Pipeline
Software, Inc., as amended, terminated by our mutual agreement effective January
1, 2005; and
(b) the Employment Agreements of Caneum, Inc. with Xxxxxxx Xxxxxxxx and
Xxxx Xxxxx, and the parties' obligations thereunder to provide services and make
payments for subsequent periods, expired and terminated effective January 1,
2005, provided that any unpaid payments owed for periods before that termination
date shall be made to the employees.
Caneum, Inc.,
a Nevada corporation
By /s/ Xxxx Xxxxxxxx
--------------------------------
Xxxx Xxxxxxxx
Senior Vice President
Signed on January 4, 2005
Pipeline Software, Inc.,
a California corporation
By /s/ Xxxxxxx Xxxxxxxx
Xxxxxxx Xxxxxxxx,
President
Signed on January 4, 2005
/s/ Xxxxxxx Xxxxxxxx
Xxxxxxx Xxxxxxxx
Signed on January 4, 2005
/s/ Xxxx Xxxxx
Xxxx Xxxxx
Signed on January 4, 2005
