Exhibit 10.1
GENERAL RELEASE
THIS GENERAL RELEASE, DATED JANUARY 25, 2000 IS GIVEN BY THE RELEASOR,
XXXXXX XXXXXXXXXX, REFERRED TO AS "XXXXXXXXXX," TO HUMASCAN INC., THE NEW ALGAE
COMPANY, INC., AND THE NEW EARTH COMPANY INC., COLLECTIVELY REFERRED TO AS
"HUMASCAN."
1. Release. Xxxxxxxxxx hereby releases and gives up any and all claims and
rights, which he may have against HumaScan. This Release applies to claims
resulting from anything, which has happened up to now. Xxxxxxxxxx specifically
releases the following claims:
Any and all claims which were asserted or which could have been asserted
in the action styled Xxxxxx Xxxxxxxxxx v. HumaScan. Inc., The New Algae Company,
Inc., The New Earth Company, Inc., d/b/a Cell Tech, and Xxxx Does 0-00, Xxxxxxxx
Xxxxx xx Xxx Xxxxxx, Law Division, Union County, Docket No. UNN-L-4816-99.
IT IS EXPRESSLY understood and agreed that the release and acceptance of
the said below stated amount is in full accord and satisfaction and in
compromise of all disputed claims between Xxxxxxxxxx and HumaScan and that the
payment and release are made for the purpose of terminating all disputes and
litigation between the parties identified in this Release, (i.e., Xxxxxxxxxx and
HumaScan).
2. Payment. Xxxxxxxxxx has been paid a total of 31,250.00, in full payment
for making this Release. Xxxxxxxxxx agrees that he will not seek any further
payment from HumaScan.
3. Who is Bound. Xxxxxxxxxx is bound by this Release. Anyone who succeeds
to Xxxxxxxxxx'x rights and responsibilities, such heirs, executors, successors
and assigns are also bound.
4. Signatures. I understand and agree to the terms of this Release. If
this Release is made by a corporation its proper corporate officers sign and its
corporate seal is affixed.
WITNESS: Xxxxxx Xxxxxxxxxx
BY:
00
XXXXX XX XXX XXXXXX
XX
XXXXXX XX XXXXX
I CERTIFY that on February 2, 2000, Xxxxxx Xxxxxxxxxx personally came before me
and acknowledged under oath, to my satisfaction, that he; (a) is named in and
personally signed this document; and (b) signed, sealed and delivered this
document as his or her act and deed.
Prepared by: NOTARY PUBLIC OF NEW JERSEY
Commission Expires June 7; 2000
Xxxxxxx X. Xxxxxx
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