Exhibit 10.1
GENERAL RELEASE
THIS GENERAL RELEASE, DATED JANUARY 25, 2000 IS GIVEN BY THE RELEASOR,
▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, REFERRED TO AS "▇▇▇▇▇▇▇▇▇▇," TO HUMASCAN INC., THE NEW ALGAE
COMPANY, INC., AND THE NEW EARTH COMPANY INC., COLLECTIVELY REFERRED TO AS
"HUMASCAN."
1. Release. ▇▇▇▇▇▇▇▇▇▇ hereby releases and gives up any and all claims and
rights, which he may have against HumaScan. This Release applies to claims
resulting from anything, which has happened up to now. ▇▇▇▇▇▇▇▇▇▇ specifically
releases the following claims:
Any and all claims which were asserted or which could have been asserted
in the action styled ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ v. HumaScan. Inc., The New Algae Company,
Inc., The New Earth Company, Inc., d/b/a Cell Tech, and ▇▇▇▇ Does ▇-▇▇, ▇▇▇▇▇▇▇▇
▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇, Law Division, Union County, Docket No. UNN-L-4816-99.
IT IS EXPRESSLY understood and agreed that the release and acceptance of
the said below stated amount is in full accord and satisfaction and in
compromise of all disputed claims between ▇▇▇▇▇▇▇▇▇▇ and HumaScan and that the
payment and release are made for the purpose of terminating all disputes and
litigation between the parties identified in this Release, (i.e., ▇▇▇▇▇▇▇▇▇▇ and
HumaScan).
2. Payment. ▇▇▇▇▇▇▇▇▇▇ has been paid a total of 31,250.00, in full payment
for making this Release. ▇▇▇▇▇▇▇▇▇▇ agrees that he will not seek any further
payment from HumaScan.
3. Who is Bound. ▇▇▇▇▇▇▇▇▇▇ is bound by this Release. Anyone who succeeds
to ▇▇▇▇▇▇▇▇▇▇'▇ rights and responsibilities, such heirs, executors, successors
and assigns are also bound.
4. Signatures. I understand and agree to the terms of this Release. If
this Release is made by a corporation its proper corporate officers sign and its
corporate seal is affixed.
WITNESS: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
BY:
▇▇
▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇
▇▇
▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇
I CERTIFY that on February 2, 2000, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ personally came before me
and acknowledged under oath, to my satisfaction, that he; (a) is named in and
personally signed this document; and (b) signed, sealed and delivered this
document as his or her act and deed.
Prepared by: NOTARY PUBLIC OF NEW JERSEY
Commission Expires June 7; 2000
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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