0001288810-04-000006 Sample Contracts

SETTLEMENT AGREEMENT
Settlement Agreement • May 20th, 2004 • Total Identity Corp • Retail-miscellaneous shopping goods stores

Mr. Siegel will be given the same option to convert the then existing balance of any monies due him at the same rate, degree and extent as any officer or director of TIC when funds have been received from PIPE or from any other financial source which is obtained by TIC forty-five (45) days after this Agreement.

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