Exhibit 99.10
MUTUAL RELEASE AND INDEMNIFICATION AGREEMENT
This Mutual Release is made, this 22nd day of August, 2000, by and
between WORLDWIDE WEB NETWORX CORPORATION, a Delaware corporation with its
principal place of business located at 000 Xxxxxxxxxx Xxxx, Xxxxx 000, Xx.
Xxxxxx, XX 00000 (hereinafter referred to as "Company"); and XXXX X. XXXX, an
individual (hereinafter referred as "Levi").
WHEREAS, Levi and the Company desire to enter into this Mutual Release.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged and conclusively established, the
parties agree as follows:
1. The Company, on its own behalf and on behalf of its successors and
assigns (collectively, for purposes of this Paragraph 1, the "Releasing
Parties"), does hereby remise, release and forever discharge Levi, and his
heirs and personal representatives (collectively, for purposes of this
Paragraph 1, the "Released Parties"), of and from any and all manner of
actions and causes of action, suits, debts, dues, accounts, bonds, covenants,
contracts, agreements, judgments, losses, damages, liabilities, claims and
demands whatsoever in law or equity arising out of or relating, in any way,
to an action or inaction by Levi while serving as a director of the Company,
or any other matter or thing whatsoever, which, against the Released Parties,
or any of them, the Releasing Parties, or any of them, ever had, now have,
hereafter can, shall or may have, from the beginning of the world to the date
of these presents, and hereby agrees to indemnify and hold harmless Levi, to
the fullest extent permitted by law, for any action or inaction of Levi while
serving in any capacity on behalf of the Company.
2. Levi, on his own behalf and on behalf of his heirs and personal
representatives (collectively, for purposes of this Paragraph 2, the
"Releasing Parties"), does hereby remise, release and forever discharge the
Company, together with its officers, directors, employees, agents, successors
and assigns (collectively, for purposes of this Paragraph 2, the "Released
Parties"), of and from any and all manner of actions and causes of action,
suits, debts, dues, accounts, bonds, covenants, contracts, agreements,
judgments, losses, damages, liabilities, claims and demands whatsoever in law
or equity arising out of or relating, in any way, to the services performed
by Levi in any capacity on behalf of the Company, or any other matter or
thing whatsoever, which, against the Released Parties, or any of them, the
Releasing Parties, or any of them, ever had, now have, hereafter can, shall
or may have, from the beginning of the world to the date of these presents.
3. Each party hereby acknowledges and agrees that;
(a) This Mutual Release is the free act and deed of such party,
and is made by it, after consulting with (or having the full opportunity to
consult with) legal counsel, without duress or coercion; and
(b) This Mutual Release sets forth the sole and entire agreement
between Levi and the Company with respect to the subject matter hereof
and is made and given by such party without any representation, inducement,
agreement, promise or undertaking by the other party altering, modifying,
taking from or adding to the terms and conditions hereof.
IN WITNESS WHEREOF, the parties have each duly executed this Mutual
Release on the date first above written.
/s/ Xxxx X. Xxxx
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XXXX X. XXXX
WORLDWIDE WEB NETWORX CORPORATION
By: /s/ Xxxxxx X. Xxxxx
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Name: Xxxxxx X. Xxxxx
Title: President
