EXHIBIT 10.1

                            SETTLEMENT AGREEMENT AND

                             MUTUAL GENERAL RELEASE


<PAGE>

                              SETTLEMENT AGREEMENT

                           AND MUTUAL GENERAL RELEASE

1.       Parties.

         The parties to this  Settlement  Agreement and Mutual  General  Release
         ("Agreement") are:

                a.   "Plaintiffs." John Bird, David Bird and Derek Bird.

                b.   "EPTC." Environmental Products & Technologies  Corporation,
                     a California corporation.

                c.   "Mears." Marvin Mears.

                d.   "Lerner." Morris Lerner

                e.   "Defendants." EPTC, Mears and Lerner.

2.       Recitals.

         This Agreement is entered into with respect to the following facts:

                a.   On or about  March  19,  1999,  Plaintiffs  filed a lawsuit
                     against Defendants entitled John Bird, David Bird and Derek
                     Bird v. Environmental Products & Technologies  Corporation,
                     et al..  Los Angeles  Superior  Court Case Number  BC207095
                     (the "Action").

                b.   Defendants Mears and Lerner were dismissed on demurrer, and
                     EPTC  eventually   answered   Plaintiffs'   Second  Amended
                     Complaint,  denying the  material  allegations  thereof and
                     asserting various defenses thereto.

                c.   The  parties  have now agreed to resolve  and settle  their
                     differences and disputes,  and each having  determined that
                     it is to their individual  advantage to do so, now agree to
                     settle and compromise all disputes and claims between them.
                     Accordingly,  without the admission of any  liability,  the
                     parties agree as follows:

3.       Stock Delivery.

         On  or  before  May  5,  2000,   EPTC  shall  deliver  to   Plaintiffs'
     certificates  representing  a total  of  140,000  shares  of free  trading,
     non-restricted stock in EPTC, registered as follows:

                  John Bird         70,000 shares
                  Derek Bird        42,000 shares
                  David Bird        28,000 shares

4.       Release by Defendants.

         Effective upon the execution hereof,  EPTC, Mears and Lerner,  for good
     and  valuable  consideration,  the adequacy and receipt of which are hereby
     acknowledged,  for  themselves,  their heirs,  successors  and assigns,  do
     hereby  release  and  forever  discharge  Plaintiffs  and their  employees,
     agents,    attorneys,    successors,    assigns,   heirs,   executors   and
     administrators,  and each of them (collectively "the Bird Releasees"), from
     any and all claims,  demands,  causes of action,  and  liabilities of every
     kind and nature whatsoever,  known and unknown,  suspected and unsuspected,
     which  Plaintiffs ever had, now have, and hereafter can, shall or may have,
     from the beginning of time to the date hereof, including but not limited to
     any claims,  demands,  causes of action or liabilities arising from (a) any
     services  performed by Plaintiffs  for EPTC,  Mears or Lerner,  and (b) any
     services  performed  by  Plaintiffs  for any other  person or entity in the
     waste management,  composting or recycling business,  including any present
     or future competitor of EPTC.

<PAGE>

5.       Release by Plaintiffs.

         Effective  only  upon  the  completed  delivery  of 100%  of the  stock
     provided for in paragraph 3 above, Plaintiffs, for themselves, their heirs,
     successors  and  assigns,  will release and forever  discharge  Defendants,
     their  officers,  directors,  employees,  agents,  attorneys,   successors,
     assigns,   heirs,   executors   and   administrators,   and  each  of  them
     (collectively, "the Defendant Releasees") from any and all claims, demands,
     causes of action and liabilities of any kind and nature  whatsoever,  known
     and unknown,  suspected and  unsuspected,  which  Plaintiffs ever had, then
     have and  thereafter  can,  shall or may have from the beginning of time to
     the  effective  date  hereof  including,  but not  limited  to, any claims,
     demands,  causes of action or liabilities  that were asserted or could have
     been asserted in the Action.

6.       Power to Release.

         The parties each  represent and warrant to each other that they are the
     sole owners of the claims,  demands, causes of action and liabilities which
     they are  releasing,  and that they have  full  power to give the  releases
     provided  for herein.  The parties  further  represent  and warrant to each
     other  that  they  have not  assigned  or  transferred  any of the  claims,
     demands,  causes of action or liabilities  released  herein and the parties
     each agree to indemnify  and hold the other  harmless  from and against any
     claims,  demands,  causes of action and liabilities,  including  attorneys'
     fees  incurred,  arising  out of the  assertion  by any third  party of any
     claims released herein.

7.      Waiver of Unknown Claims.

        The parties  each  expressly  waive the rights and  benefits of section
     1542 of the California Civil Code, which provides:

         "Section 1542. General Release - Claims Extinguished. A general release
     does not extend to claims  which the  creditor  does not know or suspect to
     exist in his favor at the time of executing the release,  which if known by
     him must have materially affected his settlement with the debtor."

8.       Representation by Counsel.

         Plaintiffs have been  represented in this matter by Dennis A. Kendig of
     Kendig & Ross, and Defendants have been represented in this matter by David
     I.  Lefkowitz  of the Law Offices of David I.  Lefkowitz.  The parties have
     each entered into this  Agreement and have given the releases  provided for
     herein upon the advice of said  counsel.  The parties  each  represent  and
     warrant  to each  other  that they have  made such  investigation  of their
     possible rights and claims that they deem appropriate,  and they each agree
     that they shall not be  entitled  to set aside the  releases  provided  for
     herein even if they hereafter learn that their  understanding  of the facts
     or law was incorrect or for any other reason.  The parties affirm that this
     Agreement is intended to be final and binding  between them,  regardless of
     any claim of misrepresentation,  promise made without intention to perform,
     concealment  of fact,  mistake  of fact or law,  or any other  circumstance
     whatsoever.

9.       Costs and Attorneys Fees.

         Each party shall bear his or its own attorney's fees and costs incurred
     in the Action.

10.      Integration.

         This Agreement  contains a single  integrated  contract  expressing the
     entire agreement of the parties. There are no other agreements,  written or
     oral, express or implied, prior or collateral,  between the parties, except
     the agreement set forth herein.  No  representative of any party hereto has
     or had any authority to make any  representations or promises not contained
     in this  Agreement,  and  each of the  parties  acknowledge  they  have not
     executed  this  Agreement  in  reliance  upon  any such  representation  or
     promise.  This Agreement  cannot be modified or changed except by a written
     instrument signed by each of the parties.

<PAGE>

11.      Governing Law; Jurisdiction and Venue.

         This  Agreement  shall be governed by California  law. The parties each
     submit to the  personal  jurisdiction  of the Los Angeles  County  Superior
     Court for the resolution of any claims arising hereunder.

12.      Captions and Interpretation.

         Paragraphs,  titles,  and  captions  contained  herein are inserted for
     convenience  and  reference,  and are not  intended  to  define,  limit  or
     describe the scope of the Agreement or any provision thereof.  No provision
     of the Agreement is to be interpreted for or against any party on the basis
     that any particular party or his attorney drafted such provision.

13.      Attorneys Fees.

         The prevailing party in any dispute arising hereunder shall be entitled
     to recover  his or its  reasonable  attorney's  fees and costs  incurred in
     enforcing this Agreement or in pursing claims for any breach thereof.

         IN WITNESS  WHEREOF,  the  undersigned  hereby execute this  Settlement
     Agreement and Mutual General Release as of April 14, 2000.

                              ENVIRONMENTAL PRODUCTS & TECHNOLOGIES

                              CORPORATION, a Delaware corporation

                              By:/s/ Marvin Mears
                                 ---------------------------
                                     Marvin Mears, President


                                 /s/ Morris Lerner
                                 -----------------
                                     Morris Lerner


                                 /s/ John Bird
                                 -------------
                                     John Bird

                                 /s/ Derek Bird
                                 --------------
                                     Derek Bird

                                 /s/ David Bird
                                 --------------
                                     David Bird