EXHIBIT 99.1
Termination Agreement
This Termination Agreement is made as of February 20, 2004 by and between
Internet Capital Group, Inc. ("ICG") and Safeguard Scientifics, Inc. ("SSI").
Whereas ICG and SSI entered into a Joint Venture Agreement dated as of October
26, 1999 with respect to their interest in eMerge Interactive, Inc.(the "JV
Agreement"); and
Whereas ICG and SSI desire to terminate the JV Agreement.
NOW THEREFORE, intending to be legally bound, the parties agree as follows:
1. The JV Agreement is hereby terminated effective immediately.
2. This Termination Agreement shall be governed by the laws of
the State of Delaware as applied to contracts made and to be
performed entirely within the state between residents of that
state.
3. This Termination Agreement sets forth the entire agreement
between the parties with respect to the subject matter hereof.
IN WITNESS WHEREOF, the parties hereto have executed this Termination Agreement
as of the date first above written.
INTERNET CAPITAL GROUP, INC. SAFEGUARD SCIENTIFICS, INC.
By: /s/ Xxxxxxx Xxxxxxxx By: /s/ Xxxxxxxxxxx X. Xxxxx
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Name: Xxxxxxx Xxxxxxxx Name: Xxxxxxxxxxx X. Xxxxx
Title: General Counsel Title: Managing Director and CFO
