Exhibit 10.57
 SETTLEMENT AGREEMENT AND RELEASE
 THIS SETTLEMENT AGREEMENT AND RELEASE TORVEC, INC., JAMES Y. GLEASMAN
a/k/a JAMES A. GLEASMAN (hereinafter James Y. Gleasman), KEITH E. GLEASMAN, RICHARD B. SULLIVAN,
GARY A. SICONOLFI FLOYD G. CADY JR. (hereinafter collectively referred to as the Torvec
Parties), CXO ON THE GO, LLC, CXO ON THE GO OF DELAWARE, LLC, PHILIP A. FAIN,
READ D. MCNAMARA, RICHARD E. OTTALAGANA, ROBERT F. GREEN (hereinafter collectively referred to
as the CXO Parties)
 R E C I T A L S
 WHEREAS
 WHEREAS
 WHEREAS
 WHEREAS
 WHEREAS Philip A. Fain, et. al. v. James A. Gleasman, et al.
 WHEREAS Torvec, Inc., et. al. v.
CXO on the GO of Delaware, LLC, et al.
 WHEREAS
 WHEREAS Torvec, Inc. v. CXO on the GO of Delaware, LLC, et al.




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Settlement Agreement and Release  Fain v. Gleasman, Monroe County Index No. 2005-9327  Torvec v. CXO , Monroe County Index No. 2005-11028  Torvec v. CXO , Monroe County Index No. 2007-1979
 Page 2 of 17
 WHEREAS
 WHEREAS
 WHEREAS,
 WHEREAS,
 NOW, THEREFORE,
 A G R E E M E N T
 I. Releases by all Parties
 II. Stipulation of Discontinuance of Defamation Action




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Settlement Agreement and Release  Fain v. Gleasman, Monroe County Index No. 2005-9327  Torvec v. CXO , Monroe County Index No. 2005-11028  Torvec v. CXO , Monroe County Index No. 2007-1979
 Page 3 of 17
 III. Stipulation of Discontinuance of 2005 Action
 IV. Stipulation of Discontinuance of 2007 Action
 Execution of Confidential Terms Agreement.
 VI. Releases.
 A. Release by Torvec, Inc




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Settlement Agreement and Release  Fain v. Gleasman, Monroe County Index No. 2005-9327  Torvec v. CXO , Monroe County Index No. 2005-11028  Torvec v. CXO , Monroe County Index No. 2007-1979
 Page 4 of 17
 B. Release by James Y. Gleasman
 C. Release by Keith E. Gleasman




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Settlement Agreement and Release  Fain v. Gleasman, Monroe County Index No. 2005-9327  Torvec v. CXO , Monroe County Index No. 2005-11028  Torvec v. CXO , Monroe County Index No. 2007-1979
 Page 5 of 17
 D. Release by Floyd G. Cady, Jr.
 E. Release by Richard B. Sullivan




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Settlement Agreement and Release  Fain v. Gleasman, Monroe County Index No. 2005-9327  Torvec v. CXO , Monroe County Index No. 2005-11028  Torvec v. CXO , Monroe County Index No. 2007-1979
 Page 6 of 17
 F. Release by Gary A. Siconolfi
 G. Release by CXO on the GO, LLC




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Settlement Agreement and Release  Fain v. Gleasman, Monroe County Index No. 2005-9327  Torvec v. CXO , Monroe County Index No. 2005-11028  Torvec v. CXO , Monroe County Index No. 2007-1979
 Page 7 of 17
 H. Release by CXO on the GO of Delaware, LLC
 I. Release by Philip A. Fain




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Settlement Agreement and Release  Fain v. Gleasman, Monroe County Index No. 2005-9327  Torvec v. CXO , Monroe County Index No. 2005-11028  Torvec v. CXO , Monroe County Index No. 2007-1979
 Page 8 of 17
 J. Release by Read D. McNamara
 K. Release by Richard E. Ottalagana




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Settlement Agreement and Release  Fain v. Gleasman, Monroe County Index No. 2005-9327  Torvec v. CXO , Monroe County Index No. 2005-11028  Torvec v. CXO , Monroe County Index No. 2007-1979
 Page 9 of 17
 L. Release by Robert F. Green
 VII. Effective Date.
 VIII. Representations and Warranties.
 A. Authority; Enforceability.




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Settlement Agreement and Release  Fain v. Gleasman, Monroe County Index No. 2005-9327  Torvec v. CXO , Monroe County Index No. 2005-11028  Torvec v. CXO , Monroe County Index No. 2007-1979
 Page 10 of 17
 B. No Conflict.
 C. Legal Advice.
 D. No Assignment or Transfer.
 E. No Claims.




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Settlement Agreement and Release  Fain v. Gleasman, Monroe County Index No. 2005-9327  Torvec v. CXO , Monroe County Index No. 2005-11028  Torvec v. CXO , Monroe County Index No. 2007-1979
 Page11 of 17
 IX. No Admission.
 X. Additional Provisions.
 A. Entire Agreement.
 B.
 C. Pronouns
 D. Interpretation
 E. Severability




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Settlement Agreement and Release  Fain v. Gleasman, Monroe County Index No. 2005-9327  Torvec v. CXO , Monroe County Index No. 2005-11028  Torvec v. CXO , Monroe County Index No. 2007-1979
 Page 12 of 17
 F. Additional Documents
 G. Governing Law; Venue
 H. Integration
 I. Amendment
 J Non Waiver
 K. No Third Party Beneficiaries
 L. Counterparts




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Settlement Agreement and Release  Fain v. Gleasman, Monroe County Index No. 2005-9327  Torvec v. CXO , Monroe County Index No. 2005-11028  Torvec v. CXO , Monroe County Index No. 2007-1979
 Page 13 of 17
 IN WITNESS WHEREOF
 TORVEC, INC.BY:NAME:TITLE:
 
 Notary Public
 JAMES Y. GLEASMAN
  Notary Public




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Settlement Agreement and Release  Fain v. Gleasman, Monroe County Index No. 2005-9327  Torvec v. CXO , Monroe County Index No. 2005-11028  Torvec v. CXO , Monroe County Index No. 2007-1979
 Page 14 of 17
 KEITH E. GLEASMAN
 KEITH E. GLEASMAN
 Notary Public
 GARY A. SICONOLFI
  Notary Public
 RICHARD B. SULLIVAN
 RICHARD B. SULLIVAN
 Notary Public




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Settlement Agreement and Release  Fain v. Gleasman, Monroe County Index No. 2005-9327  Torvec v. CXO , Monroe County Index No. 2005-11028  Torvec v. CXO , Monroe County Index No. 2007-1979
 Page 15 of 17
 FLOYD G. CADY, JR.
 FLOYD G. CADY, JR.
 Notary Public
 CXO ON THE GO, LLCBY:NAME:TITLE:
 CXO ON THE GO, LLC
 Notary Public
 CXO ON THE GO OF DELAWARE, LLCBY:NAME:TITLE:
 CXO ON THE GO OF DELAWARE, LLC
 Notary Public




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Settlement Agreement and Release  Fain v. Gleasman, Monroe County Index No. 2005-9327  Torvec v. CXO , Monroe County Index No. 2005-11028  Torvec v. CXO , Monroe County Index No. 2007-1979
 Page 16 of 17
 PHILIP A. FAIN
 PHILIP A. FAIN
 Notary Public
 READ D. MCNAMARA
 READ D. MCNAMARA
 Notary Public




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Settlement Agreement and Release  Fain v. Gleasman, Monroe County Index No. 2005-9327  Torvec v. CXO , Monroe County Index No. 2005-11028  Torvec v. CXO , Monroe County Index No. 2007-1979
 Page 17 of 17
 RICHARD E. OTTALAGANA
 RICHARD E. OTTALAGANA
 Notary Public
 ROBERT F. GREEN
 ROBERT F. GREEN
 Notary Public