SETTLEMENT AGREEMENT AND GENERAL RELEASE
This SETTLEMENT
AGREEMENT AND GENERAL RELEASE is entered into by and between Mr.
Robert P. Appleby of Monroe, Connecticut (“APPLEBY”)
and Tasker Capital Corp., a Nevada corporation
(“TASKER”);
WHEREAS, there
is a dispute regarding APPLEBY’S separation of employment
from TASKER; and
WHEREAS, the
parties desire to avoid the expense and inconvenience of continuing
this dispute and resolve any differences they may have on the basis
described below.
NOW THEREFORE,
in consideration of the mutual covenants set forth below, and of
other valuable consideration, the receipt and sufficiency of which
are acknowledged, the parties stipulate and agree as
follows:
1. TASKER, as used herein, shall at all times mean
TASKER CAPITAL CORP., its predecessors, parents, subsidiaries,
divisions and affiliates, all the companies’ respective
successors and assigns; and their respective current, former or
future officers, directors, employees, agents, shareholders,
insurers, or legal representatives, whether in their individual,
representative or official capacities.
2. TASKER shall pay APPLEBY the gross sum of
Eleven Thousand Five Hundred Thirty Eight Dollars and forty-six
cents ($11,538.46), which is equivalent to two weeks of his salary
at the time of his separation from employment with TASKER. This
payment will be subject to all applicable federal, state or local
tax withholding, F.I.C.A., and any other applicable payroll
deductions. The check will be sent to APPLEBY within three (3)
business days after this Agreement and General Release has been
executed by the parties hereto.
3.
APPLEBY shall pay TASKER the gross
sum of One Thousand Dollars ($1,000.00) in consideration of the
sale and transfer to APPLEBY by TASKER of title to a certain motor
vehicle identified as a 2004 Audi A8, 4 Door Sedan, Midnight Blue,
Vehicle Identification No. WAUML44EX4N017237. APPLEBY and TASKER
hereby agree that the value of such motor vehicle is $39,045. In
connection with the purchase and sale of the motor vehicle
described above, the parties shall execute the Bill of Sale and
Odometer Disclosure Statement attached hereto as Exhibit A
and upon execution of the Bill of Sale and Odometer Disclosure
Statement, ABBLEBY shall assume full responsibility of
vehicle’s insurance requirements.
4.
Upon execution of this Settlement
Agreement and General Release, APPLEBY shall immediately execute
and deliver to TASKER the letter of resignation of APPLEBY as a
director of TASKER attached hereto as Exhibit B .
5. In consideration of the mutual promises and
covenants contained herein, the consideration identified in
Sections 2 and 3, and other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, APPLEBY,
for himself and his heirs, legal representatives, beneficiaries,
assigns and successors-in-interest, hereby releases and forever
discharges TASKER (the “TASKER RELEASED PARTIES”), of
and from any and all actions or causes of action, suits, debts,
claims, complaints, contracts, controversies, agreements, promises,
damages, claims for attorney’s fees, punitive damages and
reinstatement, judgments, and demands whatsoever, in law or in
equity, he has, may have or ever had, whether known or unknown,
suspected or unsuspected, anticipated or unanticipated, from the
beginning of the world to the date of this Agreement and General
Release, including, but without limiting the generality of the
foregoing, any claim alleging violation of the Connecticut General
Statutes, § 46a-60, Title VII of the Civil Rights Act of
1964, 42 U.S.C. § 2000e et seq .; the Americans With
Disabilities Act, 42 U.S.C. § 12101 et seq .; the
Family and Medical Leave Act, 29 U.S.C. § 2601 et seq
.; the Age Discrimination in Employment Act, 29 U.S.C. § 621
et seq. ; the Employee Retirement Income Security Act of
1974, as amended, 29 U.S.C. § 1000 et seq .; any
other local, state or federal law, regulation or ordinance; or
pursuant to any common law theory of tort or contract and any and
all claims for unpaid wages, compensation, bonus, severance pay,
back pay, front pay, compensatory, exemplary, punitive, multiple
and liquidated damages, costs, interest, and attorney’s fees
(“APPLEBY’S Released Claims”). APPLEBY agrees and
understands that this release is a GENERAL RELEASE. APPLEBY further
acknowledges that this Agreement and General Release shall not
waive rights or claims that may arise after the date this Agreement
is executed. Additionally, in connection with the execution of the
GENERAL RELEASE described above, APPLEBY hereby acknowledges and
agrees that he is waiving any and all rights or claims to
indemnification and reimbursement of expenses from TASKER that
APPLEBY has, may have or may have had by reason of his conduct as
an officer, director, employee or agent of TASKER.
6.
APPLEBY acknowledges and agrees
that he understands the meaning of this Agreement and General
Release and that he freely and voluntarily enters into it and the
General Release contained herein. APPLEBY agrees that no fact,
evidence, event, or transaction currently known or unknown to him
shall affect in any manner the final and unconditional nature of
his agreements and releases.
7.
APPLEBY
