Termination Agreement between CyberCash, Inc., Blue Fish Acquisition Corp., and Network 1 Financial Corporation

Summary

CyberCash, Inc., Blue Fish Acquisition Corp., and Network 1 Financial Corporation have agreed to terminate their previous Agreement and Plan of Merger, effective March 1, 2001. This agreement formally ends the merger arrangement between the parties, with each party reserving all rights under the original merger agreement. No further obligations regarding the merger will continue after this date.

EX-2.2 3 w46721ex2-2.txt TERMINATION AGREEMENT 1 Exhibit 2.2 TERMINATION AGREEMENT This Termination Agreement (the "Agreement") is made this 1st day of March, 2001 (the "Effective Date"), by and among CyberCash, Inc., a Delaware corporation, Blue Fish Acquisition Corp., a Virginia corporation and Network 1 Financial Corporation, a Virginia corporation. The signatories to this Agreement will be referred to jointly as the "Parties." WHEREAS, the Parties entered into the Agreement and Plan of Merger dated December 13, 2000 ("Merger Agreement"); and WHEREAS, the Parties wish to terminate the Merger Agreement as of the Effective Date. NOW, THEREFORE, in consideration of the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows: 1. CyberCash, Inc. and Network 1 Financial Corporation mutually agree to terminate their Agreement and Plan of Merger effective immediately, each reserving all rights thereunder. IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written. CYBERCASH, INC. By: /s/ John H. Karnes -------------------------------- Name: John H. Karnes Title: Chief Financial Officer NETWORK 1 FINANCIAL CORPORATION By: /s/ William G. Wade -------------------------------- Name: William G. Wade Title: President & CEO