SETTLEMENT AGREEMENT AND MUTUAL GENERAL RELEASESettlement Agreement • September 19th, 2008 • Material Technologies Inc /Ca/ • Industrial instruments for measurement, display, and control • California
This Settlement Agreement and Mutual General Release (hereinafter, the “Agreement”) is made and entered into as of August 27, 2008 by and between La Jolla Cove Investors, Inc., a California corporation (“LJCI”), Material Technologies, Inc., a Delaware corporation (the “Company”), Robert A. Brunette (“Brunette”), Hassel (Bud) Hill, Jr. (“Hill”) and Barry Mitchell (“Mitchell,” together with Brunette and Hill, the “Sellers,” and individually a “Seller”). LJCI, the Company, Brunette, Hill and Mitchell will sometimes be referred to individually as a “Party” and collectively as the “Parties” throughout this Agreement.
