SETTLEMENT AND RELEASE AGREEMENTSettlement and Release Agreement • January 17th, 2012 • Clean Wind Energy Tower, Inc. • Gold and silver ores • Virginia
This Settlement and Release Agreement (“Agreement”) is entered as of the latest date indicated on the signature page hereto (the “Effective Date”), by and between Clean Wind Energy Tower, Inc. and Clean Wind Energy, Inc. (collectively “CWE”), on one hand, and John W. Hanback (“Hanback”), Christopher W. Johnson (“Johnson”) and Itzhak Tepper (“Tepper”), on the other hand. CWE, Hanback, Johnson and Tepper (the “Parties” and each a “Party”), intending to be legally bound, covenant, agree and represent as follows:
WARRANT AGREEMENTWarrant Agreement • January 17th, 2012 • Clean Wind Energy Tower, Inc. • Gold and silver ores • California
This WARRANT AGREEMENT, is entered into by and between Clean Wind Energy Tower, Inc., a Nevada Corporation (herein referred to as the “Company”) with a business address of 1997 Annapolis Exchange Parkway, Suite 300, Annapolis, Maryland 21401, and Paradigm Concepts, Inc., a California Corporation, with a business address of 2173 Salk Avenue, Suite 250, Carlsbad, CA 92009 (herein referred to as the “Warrant Holder”). Both the Company and the Warrant Holder may be jointly referred to hereafter as the “Parties.”
