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Exhibit 10.29
   xTODD AUGENBAUM,Plaintiff,
    
    Civil Action No. 04-80665- against -BG CAPITAL GROUP LTD. andSPECTRUM SCIENCES AND SOFTWAREHOLDINGS CORP.,Defendants.xxTODD AUGENBAUM,Plaintiff,
    
    Civil Action No. 05-80992 against -ROBERT GENOVESE,Defendant.x
 STIPULATION AND AGREEMENT OF
COMPROMISE, SETTLEMENT AND RELEASE




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Augenbaum v. Robert Genovese, et al
   Augenbaum v. Robert Genovese
   The Settlement




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a.
    
    A promissory note and confession of judgment (the Note and
Judgment) duly executed by BG Capital and payable to Spectrum in the amount
$2,450,000 in the form annexed hereto as Exhibit A;b.
    
    The sum of $800,000 (the First Payment), which, following
final Court approval as defined below, shall be paid to AF&T as partial payment
of their attorneys fees and reimbursement of expenses; andc.
    
    One million shares of Spectrum common stock (the Escrow Common
Stock), which shall secure the payment of Defendants obligations as set forth
herein.
 The Note and Judgment




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Court Approval
     Terms of Escrow




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a.
    
    The duly executed Note and Judgment;b.
    
    The sum of $800,000; andc.
    
    The Escrow Common Stock.
  a.
    
    The Escrow Agent shall immediately following the granting of
final Court approval, subject to the notice provisions contained herein,
release from escrow and deliver to Squire, Sanders & Dempsey, L.L.P., counsel
for Spectrum, the Note and Judgment;b.
    
    The Escrow Agent shall immediately following the granting of
final Court approval, subject to the notice provisions contained herein,
release from escrow and deliver to AF&T the sum of $800,000, as partial payment
of their attorneys fees and expenses; andc.
    
    The Escrow Common Stock shall remain in escrow with the Escrow
Agent subject to the following terms and conditions:
 i.
    
    The Escrow Common Stock shall not be pledged or
used in any respect to secure any debts or obligations aside from
Defendants obligations hereunder;ii.
    
    Defendants may direct the Escrow Agent to
release shares of Escrow Common Stock to Spectrum for the purpose of
satisfying the Second and Final Payments; provided, however, that all
payments to AF&T shall be payable in U.S. dollars;iii.
    
    In the event the Defendants fail to satisfy
their obligations concerning either the Second or Final payments, AF&T
and/or Spectrum may immediately following the date such




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payments are due direct the Escrow Agent to either release Escrow
Common Stock to each of them respectively in an amount sufficient to
satisfy any obligations to them, with such Common Stock to be valued
in accordance with the closing market price on the date of release or
release to each of them respectively proceeds from the disposition of
Escrow Common Stock, if any, in an amount sufficient to satisfy any
obligations to them.




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Notice
 .
 Miscellaneous




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DATED: November 17, 2005
    
    ABRAHAM FRUCHTER & TWERSKY LLP
One Penn Plaza, Suite 2805
New York, NY 10119
Tel: (212) 279-5050
Fax: (212) 279-3655By:
    
    /s/ Mitchell M.Z. TwerskyMitchell M.Z. Twersky*Ximena Skovron(*Admitted Pro Hac Vice)




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LERACH COUGHLIN STOIA GELLER
RUDMAN & ROBBINS LLP197 S. Federal Highway, Suite 200
Boca Raton, FL 33432-4946
Tel: (561) 750-3000
Fax: (561) 750-3364Counsel for Plaintiff Todd AugenbaumZUCKERMAN SPAEDER LLP1800 M Street, N.W.
Washington, DC 20036
Tel.: (202) 778-1800
Fax: (202) 822-8106By:
    
    /s/ Graeme W. BushGraeme W. Bush(Admitted Pro Hac Vice)ZUCKERMAN SPAEDER LLP201 South Biscayne Boulevard
Miami, FL 33131
Tel: (305) 358-5000
Fax: (305) 579-9749Counsel for Defendants Robert Genovese, BG
Capital Group, Ltd., and as Escrow AgentSQUIRE, SANDERS & DEMPSEY LLP1201 Pennsylvania Ave., N.W.
Washington, DC 20004-0407
Tel: 202-626-6600Fax: 202-626-6780By:
    
    /s/ James P. MurphyJames P. Murphy(Admitted Pro Hac Vice)




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SQUIRE, SANDERS & DEMPSEY LLP200 South Biscayne Boulevard, Suite 4000
Miami, FL 33131-2398Tel: (305) 577-7078Fax: (305) 358-7001Counsel for Spectrum
Sciences & Software Holding   Corp.