SETTLEMENT AGREEMENT AND GENERAL RELEASESettlement Agreement • August 17th, 2007 • New Dragon Asia Corp • Food and kindred products • New York
This Settlement Agreement and Release (the “Agreement”) is made as of this 15th day of August 2007 (the “Effective Date”) by and between BERRY-SHINO SECURITIES, INC. (“BSSI”), an Arizona corporation having its principal place of business at 15100 N. 78th Way, Suite 100, Scottsdale, Arizona 85260, and its affiliates, subsidiaries and parents, on the one hand, and NEW DRAGON ASIA CORPORATION (“NDAC”), a corporation organized and existing under the laws of Florida having a principal place of business at 2808 International Chamber of Commerce Tower, Fuhua Three Road, Shenzhen, China, and its affiliates, subsidiaries and parents, on the other hand (each of the foregoing, along with their successors and assigns, a “Party” and collectively, the “Parties”).
