0001199835-09-000621 Sample Contracts

Valcent Products Inc. West Peak Ventures of Canada Pagic LP Malcolm Glen Kertz Reference: Settlement Agreement – Nova Skincare System / Dust Wolf Subject: Letter of Agreement
Settlement Agreement • October 15th, 2009 • Valcent Products Inc. • Miscellaneous manufacturing industries

This SETTLEMENT AGREEMENT – Nova Skincare System / Dust Wolf (hereinafter referred to as the "Settlement Agreement"), by and among PAGIC LP, (“PAGIC”), a company incorporated in the State of Texas, United States, and MALCOLM GLEN KERTZ (“KERTZ”) a person and inventor both having an office at 5151 Thornton , El Paso Texas 79932 and WEST PEAK VENTURES of CANADA LTD. (“WPV”), a company incorporated Federally in Canada and having a place of business at Suite1010-789 West Pender Street, Vancouver, BC, Canada, (collectively hereinafter referred to as the "Licensor") and Valcent Products Inc. a company incorporated in Canada and having a place of business 789 West Pender Street, Vancouver, BC, Canada (hereinafter together referred to as the “Licensee”).

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