TERMINATION AND SETTLEMENT AGREEMENTTermination and Settlement Agreement • January 6th, 2012 • Direct Insite Corp • Services-computer integrated systems design • New York
This Termination and Settlement Agreement (the "Settlement Agreement") made effective this 31st day of December, 2011 ("Effective Date") by and between DIRECT INSITE CORP., a Delaware corporation with its principal office at 13450 West Sunrise Blvd., Suite 510, Sunrise, Florida 33323 (the "Company") and JAMES A. CANNAVINO, an individual residing at #1 Lovango Cay, USVI (mailing address 6501 Red Hook Plaza, Suite 201-PMB, Red Hook, St. Thomas, USVI 00802 (hereinafter referred to as "Cannavino") (collectively the "Parties").
