MUTUAL CONTRACT TERMINATION AND GENERAL RELEASE AGREEMENT
Governed under the commercial jurisprudence of the State of Delaware
This Mutual Contract Termination and Release Agreement ("Termination Agreement") is entered into effective as of October 26, 2026, by and between:
PARTY A: Vanguard Global Enterprise Corp, with offices at 100 Wall Street, 14th Floor, New York, NY 10005, and
PARTY B: Nova Byte Software Solutions LLC, with offices at 450 South Flower St, Suite 2200, Los Angeles, CA 90071.
RECITALS
WHEREAS, the Parties previously entered into that certain Master Software Development & Cloud Support Services Agreement dated January 15, 2025 (the "Original Agreement"); and
WHEREAS, the Parties now mutually desire to terminate the Original Agreement in its entirety and release each other from all ongoing covenants, subject to the terms herein.
1. Mutual Termination
Effective as of the date first written above, the Parties hereby agree that the Original Agreement is terminated, void, and of no further force or effect, by reason of: Mutual business convenience following project milestone completion and orderly system migration.
2. Final Financial Settlement
As full and final consideration for this termination, Party A shall pay to Party B a final settlement sum of $7,500.00 within five (5) business days. Upon receipt of such payment, neither Party shall owe any further financial sums or fees to the other.
3. Mutual General Release of All Claims
Each Party, on behalf of itself, its officers, directors, affiliates, and assigns, hereby irrevocably and unconditionally releases, acquits, and forever discharges the other Party from any and all past, present, or future claims, demands, liabilities, actions, suits, or damages arising out of or related to the Original Agreement.
4. Surviving Obligations & Return of Materials
Notwithstanding termination, all surviving provisions regarding Confidentiality, Non-Disclosure, and Intellectual Property Ownership shall remain in full force. Within 10 Business Days, each Party shall return or destroy all proprietary records, code, and confidential materials of the other Party.
5. Governing Law
This Agreement shall be interpreted and governed in accordance with the substantive laws of the State of Delaware.
PARTY A:
Authorized Signature
Name: Vanguard Global Enterprise Corp
Date: October 26, 2026
PARTY B:
Authorized Signature
Name: Nova Byte Software Solutions LLC
Date: October 26, 2026