0000944209-01-500099 Sample Contracts

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RELEASE
Giant Group LTD • April 6th, 2001 • Non-operating establishments

This Release is not intended to be and shall not be deemed, construed or treated in any respect as an admission of liability by any person or entity for any purpose.

EXHIBIT 10.9 MEMORANDUM OF UNDERSTANDING ---------------------------
Giant Group LTD • April 6th, 2001 • Non-operating establishments
RELEASE
Giant Group LTD • April 6th, 2001 • Non-operating establishments

FOR VALUE RECEIVED, the undersigned, CENTURY BUSINESS CREDIT CORPORATION together with its successors, assigns, executors and administrators (collectively, the "Releasors") hereby release, acquit and forever discharge GIANT GROUP, LTD., as well as its successors, assigns, directors, officers, agents, servants and employees, past and present, and each of them (collectively, "Releasee"), from any and all claims, demands, liens, agreements, contracts, covenants, actions, suits, causes of action, obligations, controversies, debts, costs, expenses, damages, judgments, orders and liabilities of whatever kind or nature in law, equity or otherwise, which against the Releasee, Releasor, ever had, now has or hereafter can, shall or may have, for, upon, or by reason of or in respect of any matter, cause or thing whatsoever relating to the transactions contemplated by the (a) Factoring Agreement dated as of August 10, 1999 between Releasee and Periscope (as amended, restated, supplemented and modi

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