Termination Agreement between Caneum, Inc., Pipeline Software, Inc., Charlie Sundling, and Raju Patel

Summary

Caneum, Inc. and Pipeline Software, Inc., along with Charlie Sundling and Raju Patel, have mutually agreed to terminate their merger agreement and related employment agreements, effective January 1, 2005. All obligations to provide services or make payments for periods after this date are ended, but any unpaid amounts owed for work done before January 1, 2005, will still be paid. The agreement was signed by all parties on January 4, 2005.

EX-2.2 2 ex-2_2.txt TERMINATION OF AGREEMENTS This will confirm our mutual understanding and agreement that: (a) the Agreement and Plan of Merger between Caneum, Inc. and Pipeline Software, Inc., as amended, terminated by our mutual agreement effective January 1, 2005; and (b) the Employment Agreements of Caneum, Inc. with Charlie Sundling and Raju Patel, and the parties' obligations thereunder to provide services and make payments for subsequent periods, expired and terminated effective January 1, 2005, provided that any unpaid payments owed for periods before that termination date shall be made to the employees. Caneum, Inc., a Nevada corporation By /s/ Gary Allhusen -------------------------------- Gary Allhusen Senior Vice President Signed on January 4, 2005 Pipeline Software, Inc., a California corporation By /s/ Charlie Sundling Charlie Sundling, President Signed on January 4, 2005 /s/ Charlie Sundling Charlie Sundling Signed on January 4, 2005 /s/ Raju Patel Raju Patel Signed on January 4, 2005