RELEASE
This Release, dated May 10, 1999 is given
BY the Releasor(s) XXXXXX XXXXXX, having an address at 00000 Xxxxxxx Xxxxx
Xxxxxx, Xxxxxxx Xxxxx, Xxxxxxx 00000 TO R-TEC TECHNOLOGIES, INC., having an
address at 00 Xxxxxxx Xxxxx, X.X. Xxx 000, Xxxxxxxxx, Xxx Xxxxxx 00000. If more
than one person signs this Release, "I" shall mean each person who signs this
Release.
1. RELEASE. I release and give up any and all claims and rights which I may have
in a Patent entitled "Composition for the Detection of Electrophlic Gases and
Methods of Use Thereof", GSEN 3.0-001, Serial No. 08/837355, filed in the United
States and Foreign Countries and any amendments thereto. This releases all
claims including those of which I am not aware and those not mentioned in this
release. This release applies to claims resulting from anything which has
happened up to now. I specifically release the following:
2. PAYMENT. I will receive a total of $850,000.00, in full payment for making
this Release. I agree that I will not seek anything further including any other
payment from you.
3. WHO IS BOUND. I am bound by this Release. Anyone who succeeds to my rights
and responsibilities, such as my heirs or executor of my estate, is also bound.
This Release is made for your benefit and all who succeed to your rights and
responsibilities, such as your heirs or the executors of your estate.
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.
Witnessed and Attested by:
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XXXXXX XXXXXX
STATE OF FLORIDA, COUNTY OF PALM BEACH, SS:
I CERTIFY that on May ___, 1999
XXXXXX XXXXXX personally came before me and acknowledged under oath, to my
satisfaction, that this person or persons: (a) is named in and personally signed
this document; and (b) signed, sealed and delivered this document as his or her
act and deed.
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A Notary Public of the
State of Florida