SEPARATION AGREEMENT AND RELEASE
This Separation Agreement and Release ("Separation Agreement") is dated as of April 24, 2003, by and
between Comtex News Network, Inc. (the "Employer") and Charles W. Terry (the "Employee").
WHEREAS, Employee entered into an employment agreement with the Employer dated as of October 1, 1998,
and as amended by amendments dated October 1, 2001, September 10, 2002, and December 31, 2002 (the
"Employment Agreement"); and
WHEREAS, Employee has tendered his resignation as President and Chief Executive Officer of Employer
effective as of April 24, 2003; and
WHEREAS, Employee has tendered his resignation from the Board of Directors of Employer effective as of
April 24, 2003.
NOW, THEREFORE, in consideration of the promises herein stated and other good and valuable consideration,
the receipt and adequacy of which is acknowledged by each of the parties and who intend to be legally bound by
this Separation Agreement, the parties state and agree as follows:
1. Termination of Employment Relationship. The parties hereto agree that their employment relationship is
terminated as of April 24, 2003, except that the obligations of Employee under
Section 4 of the Employment Agreement relating to the covenant not to compete shall continue for a period of
twelve (12) months from the date of this Separation Agreement and except that the text in line five of Section 4.2
that reads "in the rental, sale or service of products of the type rented, sold or serviced by the Company or any of
its Subsidiaries during the period of Employee's employment with the Company ("Products")" is hereby replaced
in its entirety by text that reads "in any business that is a real time news feed aggregator or reseller to companies
that integrate real time news with their own proprietary applications." In addition. the obligations of Employee
Section 5 of the Employment Agreement relating to confidential information shall continue in full force and effect.
All accrued vacation leave and any