Release of Consulting Agreement Sample Contracts

Release of Consulting Agreement

Release of Consulting Agreement • December 28th, 2007 • IElement CORP • Services-business services, nec • Texas

• Contract Type
  Release of Consulting Agreement
• Filed
  December 28th, 2007
• Company
  IElement CORP
• Industry
  Services-business services, nec
• Jurisdiction
  Texas

Pursuant to the certain Stock Purchase Agreement by and between IElement Corporation (“Seller”) and Ivan Zweig (“Buyer”) and for limited purposes IElement Inc. dated as of December __, 2007, the parties have agreed to release each other from any and all liability under that certain Consulting Agreement between the Seller and Kramerica Capital Corporation (“Kramerica”) dated January 1, 2007 as disclosed in the Seller’s Form 8-K filed with the SEC on April 20, 2007 (the “Consulting Agreement”). Buyer owns 100% of the equity of Kramerica Capital Corporation. The terms of the release are set forth herein.