SETTLEMENT AGREEMENT AND RELEASE
THIS SETTLEMENT AGREEMENT AND RELEASE is between BRINKS, HOFER,
XXXXXX & XXXXX ("Xxxxxx") and IMMTECH INTERNATIONAL, INC. ("Immtech"). The
parties agree as follows:
1. Payment by Immtech. Upon execution of this Agreement, Immtech
shall cause to be deposited with Reinhart, Boerner, Van Deuren, Xxxxxx &
Rieselbach, s.c. (the "Law Xxxx") a check dated July 1, 1998, drawn on the
account of Criticare Systems, Inc. and made payable to Immtech in the amount of
$150,000, endorsed by Immtech to the order of Brinks and to be certified on July
1, 1998, the same to be held and released pursuant to the terms of that certain
agreement dated June 29, 1998, between Immtech and Criticare Systems, Inc. and
the Escrow Agreement attached hereto as Exhibit A.
2. Return of Property. Brinks agrees to return all files of Immtech
within 30 days from the date of this Agreement, including a current docket
report as maintained by Brinks with respect to any filing deadlines for
intellectual property matters handled by Brinks for Immtech. Brinks does not
guaranty the accuracy of such report.
3. Release. The parties hereby mutually release each other, their
parent or subsidiaries, predecessors or successors in interest, present, former
or later insurers, assigns, agents, representatives, officers, administrators,
directors, shareholders and employees from any and all claims of whatever nature
either may have against the other which arise out of or are in any manner based
upon legal services provided by Brinks to Immtech prior to the date of this
Agreement.
Date: BRINKS, HOFER, XXXXXX & XXXXX
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BY:
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Its
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Date: 6-29-98 IMMTECH INTERNATIONAL,INC.
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BY: /s/ T. Xxxxxxx Xxxxxxxx
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Its President & CEO
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SETTLEMENT AGREEMENT AND RELEASE
THIS SETTLEMENT AGREEMENT AND RELEASE is between BRINKS, HOFER,
XXXXXX & XXXXX ("Xxxxxx") and IMMTECH INTERNATIONAL, INC. ("Immtech"). The
parties agree as follows:
1. Payment by Immtech. Upon execution of this Agreement, Immtech
shall cause to be deposited with Reinhart, Boerner, Van Deuren, Xxxxxx &
Riesslbach, s.c. (the "Law Firm") a check dated July 1, 1998, drawn on the
account of Criticare Systems, Inc. and made payable to Immtech in the amount of
$150,000, endorsed by Immtech to the order of Brinks and to be certified on July
1, 1998, the same to be held and released pursuant to the terms of that certain
agreement dated June 29, 1998, between Immtech and Criticare Systems, Inc. and
the Escrow Agreement attached hereto as Exhibit A.
2. Return of Property. Brinks agrees to return all files of Immtech
within 30 days from the date of this Agreement, including a current docket
report as maintained by Brinks with respect to any filing deadlines for
intellectual property matters handled by Brinks for Immtech. Brinks does not
guaranty the accuracy of such report.
3. Release. The parties hereby mutually release each other, their
parent or subsidiaries, predecessors or successors in interest, present, former
or later insurers, assigns, agents, representatives, officers, administrators,
directors, shareholders and employees from any and all claims of whatever nature
either may have against the other which arise out of or are in any manner based
upon legal services provided by Brinks to Immtech prior to the date of this
Agreement.
Date: 6-29-98 BRINKS, HOFER, XXXXXX & XXXXX
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BY: [ILLEGIBLE]
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Its Chief Operating Officer
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Date: IMMTECH INTERNATIONAL, INC.
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BY:
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Its
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