FORBEARANCE AGREEMENT AND GENERAL RELEASEForbearance Agreement and General Release • July 8th, 2009 • Proteo Inc • Non-operating establishments • California
THIS FORBEARANCE AGREEMENT AND GENERAL RELEASE (“Agreement”), dated as of July 6th, 2009, is entered by and among FIDEsprit AG, a Swiss corporation (“Borrower”), Axel J. Kutscher (“Guarantor”) and Proteo, Inc., a Nevada corporation (“Proteo” and together with Borrower and Guarantor, the “Parties”), with reference to the facts as set forth in the Recitals:
