SETTLEMENT AND RELEASE AGREEMENTSettlement Agreement • October 1st, 2015 • Spirit Bear LTD • Services-educational services • New York
Contract Type FiledOctober 1st, 2015 Company Industry JurisdictionThis Settlement and Release Agreement (hereinafter, the “Agreement”) shall be effective as of May 1, 2015 (the “Effective Date”) by and between SPIRIT BEAR LIMITED (“Spirit Bear”) and its Assignees, as such term is defined hereinafter in the final recital, and HPEV, INC. (“HPEV”); each of Spirit Bear and HPEV, individually a “Party” or collectively, the “Parties”.