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Exhibit
99.6
RELEASE OF
CLAIMS
BETWEEN NATHANAEL
LENTZ
AND
VERTICALNET,
INC.
Pursuant to an Agreement and
Plan of Merger (the “ Merger Agreement ”) dated
October 25, 2007, BravoSolution U.S.A., Inc. (the “
Merger Sub ”), a wholly-owned subsidiary of
BravoSolution S.p.A., a corporation organized under the laws of
Italy (the “ Parent ”), shall merge with and
into Verticalnet, Inc., a Pennsylvania corporation (the “
Company ”) (the “ Merger ”).
Pursuant to the terms of the Merger, the Company (i) shall be
the surviving corporation, (ii) shall become a wholly owned
subsidiary of Parent, and (iii) shall be renamed BravoSolution
U.S.A, Inc.
As a condition to the Merger,
Nathanael Lentz (“ Employee ”) has entered into
an employment agreement (“ Employment Agreement
”) with the Company, concurrently with the execution and
delivery of the Merger Agreement, but which will only go into
effect immediately prior to the closing of the Merger.
In consideration for the
Employee agreeing to the terms of the Employment Agreement, and
conditioned upon his execution of the attached General Release of
Claims Agreement (the “ Release ”) concurrently
with the execution of said Employment Agreement (which Release
shall only go into effect if the Employment Agreement becomes
effective), the Employee shall receive at the Effective Time (as
such term is defined in the Employment Agreement) a lump sum cash
payment in the amount of $760,000, less applicable tax withholding
(the “ Lump Sum Payment ”).
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| VERTICALNET, INC. |
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| By: |
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/s/ Christopher
Kuhn
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| Name: |
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Christopher Kuhn |
| Title: |
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Vice
President & General Counsel |
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/s/ Nathanael
Lentz
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| Nathanael
Lentz |
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| Dated:
October 25, 2007 |
Attachment
General Release of Claims
Agreement
Employee and the Company hereby agree as
follows:
Employee Release of
Claims
In consideration of the Company’s
agreement to pay the Lump Sum Payment , and in consideration of the
obligations set forth in this Release, Employee hereby fully and
forever releases and discharges the Company and its officers,
directors, shareholders, investors, administrators, employees,
agents, successors, predecessors, subsidiaries and assigns from any
and all claims, liabilities, demands or causes of action arising
out of, or relating in any way to, (i) Employee’s
employment with the Company prior to the Merger, and
(ii) Employee’s employment agreement, dated
October 1, 2001, between the Employee and the
Company.
Employee underst
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