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EXHIBIT 10.1
WAIVER AND TERMINATION OF AGREEMENT
-----------------------------------
This Waiver and Termination of Agreement is made and entered into
this
23rd day of November, 2005, by and between Santanu K. Das
("EMPLOYEE") and
netGuru, Inc., a Delaware corporation ("EMPLOYER").
RECITALS
A.
Employer and Employee are parties to a Change in Control and
Executive
Retention Agreement dated as of June 1, 2005 ("RETENTION
AGREEMENT").
B.
Effective November 17, 2005, Employer sold its Research
Engineers
division and STAAD product lines to Bentley Systems ("Bentley") in
a
transaction that may constitute a "Change of Control" under the
terms of
the
Retention Agreement.
C.
As part of the Bentley transaction, Employee has accepted new
employment
with
Bentley, and has resigned his positions with Employer.
AGREEMENT
In consideration of the foregoing and of the mutual promises made
in
this Waiver and Termination of Agreement, the parties agree as
follows:
1. TERMINATION OF RETENTION AGREEMENT. The Retention Agreement
is
hereby terminated, effective immediately, and shall be of no
further force and
effect.
2. WAIVER AND RELEASE. Employee hereby waives any right he may have
had
to receive compensation, benefits or payments from Employer under
the Retention
Agreement, and each of the parties hereby fully releases and
discharges the
other from any obligations or liabilities the other may have had to
him or it
under the Retention Agreement.
3. CIVIL CODE SS.1542. Employer and Employee each (a)
represen
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