SEVERANCE AGREEMENTSeverance Agreement • July 13th, 2011 • Medianet Group Technologies Inc • Services-business services, nec • Florida
THIS SEVERANCE AGREEMENT (the “Agreement”) is made and entered into on this 7 day of July, 2011 (the “Execution Date”), by and between CG Holdings Limited, a Cyprus corporation, DUBLICOM Limited, a Cyprus Corporation, DUBLI NETWORK Limited, a BVI Corporation, Lenox Resources LLC, a Delaware company, Lenox Logistik und Service GmbH a German Limited corporation, DubLi Properties LLC, a Delaware company and DubLi.com LLC, a Delaware company (the “Company”), including any existing or future subsidiaries of the Company that are operating during the time periods described herein and any other entities that directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company during the periods described herein (the “Company”), and KENT LEE HOLMSTOEL (“Executive”).
