FULL SETTLEMENT AND RELEASE AGREEMENTSettlement Agreement • September 19th, 2007 • Bullion Monarch Mining, Inc. • Mineral royalty traders
This Agreement is made by and between J. Garry McAllister, Esq., individually ("JGM") and as the Managing Member of Corporate Creditors Committee, LLC, a Utah limited liability company (“CCC”); Bullion Monarch Company, Inc., a dissolved Utah corporation and its successors and assigns (“BMRK”); R. Don Morris, individually and as a current and former officer/director of BMRK ("D. Morris"); Wayne Pearce ("Pearce"), James A. Morris ("J. Morris") and Peter Passaro ("Passaro"), individually, and Members of CCC and as the other current and former officers/directors of BMRK (sometimes, collectively with D. Morris, referred to herein as the “Directors”); and William Sterling Mason, Esq. ("Mason"), individually and as a Member of CCC, in full and complete settlement and satisfaction of all claims by and between the parties, their successors and assigns, excluding only, however, any claims of the Directors against BMRK. This Agreement shall be deemed effective as of June 4, 2004. The following re
