SETTLEMENT AND RELEASE AGREEMENT
This Settlement and Release Agreement (the “Agreement”) is entered into on this _____ day of
September 2008 by and among InterClick, Inc. f/k/a Customer Acquisition Network Holdings, Inc.
(“InterClick”), Options Media Group Holdings, Inc. and its subsidiaries (collectively, “Options”) and Hagai
WHEREAS, InterClick and Shechter are parties to that certain Agreement and Plan of Merger dated
December 18, 2007 (“Merger Agreement”) and that certain Employment Agreement dated January 4, 2008
WHEREAS, the certain disputes have arisen between the parties regarding the Merger Agreement and
WHEREAS, InterClick and Shechter have agreed to compromise and settle all claims arising between
them on the terms and conditions set forth in this Agreement.
WHEREAS, Options assumed liability for the Employment Agreement.
NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and
other consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
The foregoing recitals are true and correct material representations that are incorporated herein
Upon the execution of this Agreement, InterClick shall deliver the sum of $600,000
payable to the John Arrastia, Jr. P.A. Trust Account for the benefit of Shechter.
In addition, InterClick shall deliver a promissory note, in the form of Exhibit “A” (the
“Note”) to Shechter in the sum of $500,000, payable in two equal installments on October 15, 2008 and
January 15, 2009. The Note is attached and incorporated by reference into this Agreement.
Options and Shechter shall execute a commercial lease in the form of Exhibit “B”.
Distribution of Settlement Funds and Executed Documents :
The parties agree that all executed settlement documents shall be delivered to Robert Wayne