Agreement to Terminate the Software License Agreement by and Among
Innofone.com, Inc. And Semotus Solutions, Inc.
Among Innofone.com, Inc. and Semotus Solutions, Inc.
AGREEMENT (the “Termination Agreement”) is made as of April 30, 2008 (the
“Effective Date”) by and between Semotus Solutions, Inc. (“Licensor”
or “Semotus”) and Innofone.com, Incorporated (“Customer” or
Semotus and Innofone desire to terminate the License and return to Innofone all
of the Innofone restricted common stock issued to Semotus under the
otherwise indicated, terms used herein that are defined in the License shall
have the same meanings herein as in the License.
THEREFORE, in consideration of the foregoing recitals and the covenants,
conditions, representations, warranties and other terms set forth in this
Termination Agreement, the Parties agree as follows:
License is hereby terminated. Innofone shall promptly remove
all Licensed Software from all memory locations, return all copies of the
Licensed Software and Documentation to LICENSOR, and execute and deliver to
LICENSOR a certificate stating that all copies of the Licensed Software have
been removed and returned or destroyed.
shall promptly return and deliver 46,625,000 shares of Innofone restricted
common stock to Innofone, to the following address:
Ocean Ave., #1500
Monica, CA 90401
party has read, understands and agrees to the terms and conditions of this
|By: /s/ Anthony
||By: /s/ Alex