SEPARATION AGREEMENT AND GENERAL RELEASESeparation Agreement and General Release • July 6th, 2006 • Axesstel Inc • Communications equipment, nec • California
Contract Type FiledJuly 6th, 2006 Company Industry JurisdictionThis Separation Agreement and General Release (“Agreement”) is made and entered into as of June 30, 2006, by and between Lixin Cheng (“Cheng”) and Axesstel, Inc., a Nevada corporation (“Axesstel”), and inures to the benefit of each of Axesstel’s current, former and future parents, subsidiaries, related entities, employee benefit plans and their fiduciaries, predecessors, successors, officers, directors, shareholders, agents, employees and assigns.