Exhibit 10.1
TERMINATION AGREEMENT
THIS TERMINATION AGREEMENT (this “
Agreement ”) is made and entered into as of the 15th
day of December, by and between CYBERMESH INTERNATIONAL CORP., a
Nevada corporation (the “ Company ”), and BLOCK
ARCADE I.T. SERVICES INC. (“Block Arcade ”).
WHEREAS, the Company and Block Arcade are
parties to that certain Services Agreement, dated as of September.
15, 2008 (the “ Service Agreement ”), pursuant
to which the Company engaged Block Arcade to provide certain I.T.
Services to the Company as reasonably requested from time to time
by the Company; and
WHEREAS, the Company and Block Arcade desire to terminate the
Services Agreement on the terms and conditions set forth
herein.
NOW, THEREFORE, in consideration of the mutual
premises, agreements and promises herein contained, the parties
agree as follows:
1. Termination of Services Agreement .
Effective as of the date hereof, the parties agree that the
Services Agreement is hereby terminated and shall be of no further
force or effect and the Company shall have no further obligation
under, and Block Arcade shall have no further rights under, the
Services Agreement including, without limitation, any rights to
fees, benefits, severance, perquisites, reimbursements or other
payments.
2.
General Release and Waiver of Claims .
(a) Block Arcade hereby releases and forever
discharges and covenants not to sue, and by these presents does for
its legal successors and assigns (collectively the “
Releasing Parties ”), the Company and its
