SETTLEMENT AGREEMENT AND MUTUAL RELEASESettlement Agreement and Mutual Release • May 14th, 2010 • Livedeal Inc • Services-computer programming services • Nevada
THIS SETTLEMENT AGREEMENT AND MUTUAL RELEASE (this “Agreement”) is made and entered into as of February 3, 2010 (the “Effective Date”) by and between ONCALL SUPERIOR MANAGEMENT, a Philippines Corporation (“OSM”) and SM eVENTURES, a Philippines Corporation (“SME” and together with OSM, “OSM/SME” or “Defendants”), and LIVEDEAL, INC., a Nevada corporation, f/k/a YP Corp. (“LiveDeal”) and TELCO BILLING, INC., a Nevada corporation (“Telco” and together with LiveDeal, “Plaintiffs”). For purposes of this Agreement, Plaintiffs and Defendants are sometimes individually referred to as a “Party” and sometimes collectively referred to as the “Parties.”
