SETTLEMENT AGREEMENT AND MUTUAL RELEASESettlement Agreement • October 24th, 2012 • MultiCell Technologies, Inc. • Pharmaceutical preparations • California
Contract Type FiledOctober 24th, 2012 Company Industry JurisdictionThis Settlement Agreement and Mutual Release (“Agreement”), is entered into by and between MultiCell Technologies, Inc., a Delaware corporation (“MultiCell”), and Monarch Pointe Fund, Ltd. – in liquidation (“Monarch”), represented by Stuart Mackellar, managing partner of Zolfo Cooper (BVI) Limited, in his capacity as the liquidator of Monarch (the “Liquidator”), as of October 19, 2012 (the “Effective Date”).