--------------------------------------------------------------------------------

EXHIBIT 10.2
 
SETTLEMENT AGREEMENT AND RELEASE

RE:
WORKERS COMP PREMIUM CLAIMS BWC PREMIUM CLAIMS c/o State of Ohio vs. BMPS, Inc
 
Account No: 10019688
 
Risk No: 1570005-0
 
Case No: JL-12-507995

WITNESSETH:

That each of the parties hereto, in consideration of payment in the sum of
$56,501.05 by BMPS, Inc . (“BMPS”), or by General Employment Enterprises, Inc.
(“GEE”), on BMPS’s behalf, to WORKERS COMP PREMIUM CLAIMS BWC PREMIUM CLAIMS
(“BWC”) c/o State of Ohio on or before April 15, 2013.

BWC and its agents, attorneys, representatives and assigns, hereby releases,
acquits and forever discharges BMPS, Inc., Triad Personnel Services, Inc.
(“Triad”), and GEE, and any and all of their respective predecessors,
successors, subsidiaries, affiliates, past and present officers, directors, and
shareholders, employees, agents, insurers, attorneys, representatives and
assigns (collectively, the “BMPS Affiliates”) from any and all claims, rights,
demands, actions, causes of action, debts and liabilities, whether fixed or
contingent, matured or unmatured, anticipated or unanticipated, known or
unknown, arising out of or in any way connected with any successor claim
involving RFFG of Cleveland, LLC and Ameritemps owed to the BWC and/or BWC
Policy/Risk No. 1570005-01.
 
 
 

--------------------------------------------------------------------------------

 

This settlement agreement and release does not release or include RFFG of
Cleveland, LLC and Ameritemps or any of the successors in interest to RFFG of
Cleveland, LLC or Ameritemps other than BMPS, Triad and GEE and the BMPS
Affiliates.

The parties hereto agree that in making this release, each party is relying upon
its own judgment, belief, and knowledge as to all aspects of its losses,
damages, claims and causes of action and demands or possible claims that it may
have, and that each party is not relying on representations or statements made
by any of the persons or entities hereby released or anyone representing them or
employed by them.

It is further understood and agreed that the payment of $56,501.05 and the
execution of this release is not to be construed as an admission of liability on
the part of any party to this agreement, liability being by all parties hereto
expressly denied.  This settlement is a settlement of all claims that were or
could have been brought by BWC against BMPS regarding any successor claim
involving RFFG of Cleveland, LLC and Ameritemps owed to the BWC and/or BWC
Policy/Risk No. 1570005-01.  The above referenced State Judgment lien against
BMPS shall be released.
 
 
 

--------------------------------------------------------------------------------

 

This agreement may be signed in counterparts. All such counterparts taken
together shall constitute a single agreement.

All agreements and understandings between the parties hereto are contained
within this release and expressed herein, and the terms of this release are
contractual and not a mere recital.
 
The undersigned state that they have read the foregoing release and fully
understand it and further warrant and represent that they have full authority
and capacity to execute this release on behalf of their respective principal.
 
Dated this ____________ day of ______________________, 20_____.
 

         
WORKERS COMP PREMIUM CLAIMS BWC
 
PREMIUM CLAIMS c/o State of Ohio
         
By:
             
Its
   

 
Dated this ____________ day of ______________________, 20_____.
 

 
BMPS, Inc
           
By:
             
Its
   

 
 

--------------------------------------------------------------------------------