SETTLEMENT AGREEMENT AND MUTUAL RELEASESettlement Agreement and Mutual Release • March 22nd, 2011 • Intelligent Systems Corp • Bolts, nuts, screws, rivets & washers • Georgia
This Settlement Agreement and Mutual Release (“Settlement Agreement”) is entered into as of the date of the last signature below (the “Effective Date”), by and between VISaer, Inc., n/k/a Newvisco, Inc. (“VISaer”); VISaer (UK) Ltd. (“VISaer (UK)”); and Intelligent Systems Corporation (“ISC”), on the one hand, and IBS Technics, Inc. (“IBS”) and IBS Software Services Americas, Inc. (“IBS Parent”), on the other hand. All of the foregoing entities collectively shall be referred to as the “Parties”.
