governed by and construed
in accordance with the laws of the State of New Jersey without regard to
conflict of law rules. Regenicin and the Undersigned submit to the jurisdiction
of the state and federal courts situated in the State of New Jersey which courts
shall have exclusive jurisdiction to decide disputes between them.
5.6
Amendments; Further Documents.
This Agreement may not be changed,
modified, released, discharged, abandoned or otherwise terminated in whole or in
part except by an instrument in writing, agreed to and signed by the Undersigned
and a duly authorized officer of Regenicin. The Undersigned agrees to execute
such additional documents as Regenicin may require to implement the terms of
this Agreement.
THE UNDERSIGNED:
(a)
REPRESENTS THAT, TO THE BEST OF HIS OR HER
KNOWLEDGE AND BELIEF,
THE UNDERSIGNED HAS, AND HIS OR HER SPOUSE AND DEPENDENT CHILDREN CURRENTLY
HAVE, NO CONFLICT OF INTEREST, AS DEFINED IN SECTION 4. HEREIN, IN CONNECTION
WITH THE UNDERSIGNED'S EMPLOYMENT BY REGENICIN, EXCEPT AS INDICATED BELOW:
̈XX
̈
The foregoing statement is true without exception.
The foregoing statement is true,
_____________________________________
_____________________________________
(b)
UNDERSTANDS AND ACCEPTS HIS OR HER RESPONSIBILITY TO ADVISE
REGENICIN IMMEDIATELY IN WRITING OF ANY FUTURE POTENTIAL CONFLICT OF INTEREST IN
CONNECTION WITH HIS OR HER EMPLOYMENT BY REGENICIN.
(c)
ACKNOWLEDGES THAT HE OR SHE HAS (i) READ THIS AGREEMENT; (ii) BEEN
GIVEN THE OPPORTUNITY TO ASK QUESTIONS; (iii) BEEN GIVEN SUFFICIENT TIME TO
CONSULT AN ATTORNEY; AND (iv) EITHER CONSULTED WITH AN ATTORNEY OR AFFIRMATIVELY
DECIDED NOT TO CONSULT AN ATTORNEY.
(d)
ACKNOWLEDGES THAT HE OR SHE HAS RECEIVED A COPY OF THIS AGREEMENT
AND FULLY UNDERSTANDS THIS AGREEMENT.
(e)
UNDERSTANDS THAT THE UNDERSIGNED'S OBLIGATIONS UNDER THIS
AGREEMENT SURVIVE THE TERMINATION OF HIS OR HER ENGAGEMENT BY REGENICIN FOR ANY
REASON.
* * *
17
IN WITNESS WHEREOF, the undersigned has executed this Agreement as of the date
first written above.
EMPLOYEE OR CONSULTANT:
By:
/s /Joseph
Connell
Name: Joseph Connell
ADDRESS:
_____________________________________________
_____________________________________________
Date: 10/4/10
Accepted by
REGENICIN, INC.
By:
/s/ Randall E.
McCoy
Name:
Randall E. McCoy
Title:
CEO