0001144204-12-057531 Sample Contracts

SETTLEMENT AGREEMENT AND MUTUAL RELEASE
Settlement Agreement • October 24th, 2012 • MultiCell Technologies, Inc. • Pharmaceutical preparations • California

This 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”).

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