Exhibit 10.1 OPTION, SETTLEMENT AND RELEASE AGREEMENT THIS OPTION, SETTLEMENT AND RELEASE AGREEMENT is made and entered into as of the 6th day of February, 2002, by and among IPC ADVISORS S.A.R.L., a Luxembourg corporation (hereinafter referred to as...Option, Settlement and Release Agreement • February 12th, 2002 • Balanced Care Corp • Services-nursing & personal care facilities • Massachusetts
