SETTLEMENT AND RELEASE AGREEMENTIncentive Stock Option Agreement • January 15th, 2014 • Skkynet Cloud Systems, Inc. • Services-prepackaged software • Nevada
This Settlement Agreement and Release Agreement(“Agreement”) is entered into as of January 13, 2014 (the “Effective Date”), by and betweenSkkynet Cloud Systems, Inc.,a Nevada corporation with an address at 20 Bay Street, Suite 1100, Toronto, Ontario, M5J 2N8, Canada (the “Skkynet”) and Cogent Real-Time Systems Inc., a Canadian Federal corporation (“Cogent”) (Skkynet and Cogent shall be collectively referred to herein as “Employer”) and _____________, an individual residing at _____________(the “Employee”).Employer and Employee are referred to in this Agreement individually as the “Party” or collectively as the “Parties.”
