Millennium Cell Inc. – Consulting Termination Agreement (January 8th, 2007)
This Consulting Termination Agreement (this Agreement") is entered into as of December 29, 2006 by and among Millennium Cell Inc., a Delaware corporation ("MCEL"), Ronald J. Kelley, an individual residing in the State of New Jersey ("RJK"), and Steven D. Pratt, an individual residing in the State of New Jersey ("SDP"). Each of MCEL, RJK and SDP is referred to herein as a "Party" and, collectively, the "Parties."
Consulting Termination Agreement (April 14th, 2005)
MBI and Consultant entered into an agreement effective as of September 30, 2004, (the Original Agreement) whereunder Consultant agreed to forgive certain share purchase options of MBI in exchange for MBIs promise pay Consultant Twenty Two Thousand Five Hundred US dollars ($22,500 USD) which it had accrued as payable on its books (the Debt); and