ContractIndependence Resources PLC • January 7th, 2013 • Crude petroleum & natural gas
THIS NOTE HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND APPLICABLE STATE SECURITIES LAWS AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS
SETTLEMENT AGREEMENT AND MUTUAL GENERAL RELEASESSettlement Agreement and Mutual General Releases • January 7th, 2013 • Independence Resources PLC • Crude petroleum & natural gas • California
This Settlement Agreement and Mutual General Releases Agreement (the "Agreement") is made effective January 1, 2012 and is entered into by and between Pyratine LLC, a Nevada limited liability company formerly known as Skinvera LLC (together with its permitted successors and assigns, "Pyratine") and Independence Resources, an English corporation formerly known as Senetek PLC, (together with its permitted successors and assigns, "Independence"). Together, Pyratine and Independence shall be referred to as the "parties." This Agreement is made with reference to the following facts and circumstances:
