entered into this 29th day of September, 2008, by and between ROBIN SEGAUL
theglobe.com, inc., a Delaware corporation (the “Company”).
party to this Agreement is hereinafter referred to as a “Party”
collectively as the “Parties”.
Executive and the Company are parties to that certain Employment Agreement,
dated August 1, 2003 (the “Employment
contemporaneous with this Agreement the Company has closed on that Purchase
Agreement dated June 10, 2008, by and among the Company, Tralliance Corporation
and The Registry Management Company, LLC (the “Purchase
pursuant to which substantially all of the assets of the Company were sold;
Parties desire to mutually agree to the termination of the Employment Agreement
on the terms and conditions contained herein.
consideration of the premises and of the mutual covenants and the conditions
hereinafter set forth, the Parties agree as follows:
Effective as of the date hereof, the Employment Agreement is hereby
terminated by mutual agreement of the parties. Except as provided
Agreement, the Company’s sole remaining obligation to the Executive under
the Employment Agreement shall be to reimburse Executive pursuant
Section 5 of the Employment Agreement for reasonable expenses incurred,
but not paid prior to the date
Notwithstanding the termination of the Employment Agreement, the
obligations under Section 10 of the Employment Agreement shall survive
The parties agree to fully cooperate in good faith with one another,
including, but not limited to, taking all further actions reasonably
requested by the other party to fully effect the intent and purpose
This Agreement may be executed in one or more counterparts, each
shall for all purposes be deemed to be an original, and all of which
constitute the same instrument.
APPEAR ON THE FOLLOWING PAGE]
the Parties has executed and delivered this Agreement on the date first above