Document:

Unassociated Document

 

Exhibit 10.13

GENERAL RELEASE

KNOW ALL MEN BY THESE PRESENTS:

That  Hakan Koyuncu (“Hakan”), for and in consideration of execution of this General Release and other good and valuable consideration received  from or on behalf of Upstream Worldwide, Inc. F/K/A Money4Gold Holdings, Inc.,  (“Upstream”), the receipt whereof is hereby acknowledged, hereby demises, releases, acquits, satisfies, and forever discharges Upstream, of and from all, and all manner of action and actions, cause and causes of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, executions, claims and demands whatsoever, in law or in equity, which Hakan ever had, now has, or which any personal representative, successor, heir or assign of Hakan, hereafter can, shall or may have, against Upstream, for, upon or by reason of any matter, cause or thing whatsoever, from the beginning of the world to the date of these presents.

That Upstream Worldwide, Inc. F/K/A Money4Gold Holdings, Inc., for and in consideration of execution of the attached general release and other good and valuable consideration received  from or on behalf of Hakan Koyuncu, the receipt whereof is hereby acknowledged, hereby demises, releases, acquits, satisfies, and forever discharges Hakan, of and from all, and all manner of action and actions, cause and causes of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, executions, claims and demands whatsoever, in law or in equity, which Upstream ever had, now has, or which any personal representative, successor, heir or assign of Upstream, hereafter can, shall or may have, against Hakan, for, upon or by reason of any matter, cause or thing whatsoever, from the beginning of the world to the date of these presents.

Upstream agrees to indemnify and hold harmless Hakan against any and all liabilities, claims, suits, losses, costs and legal fees caused by or resulting from Hakan’s employment by Upstream and notwithstanding anything contained herein, any indemnification rights available shall not be affected by this General Release and all indemnification available under the Delaware General Corporation Law, the certificate of incorporation, bylaws and any written agreement are preserved to the fullest extent.

 

 

  

1

  

 

IN WITNESS WHEREOF, we have hereunto set our hand and seal as of this ___ day of November, 2010.

	
Hakan Koyuncu

	 	
Upstream Worldwide, Inc.

	  	 	  
	
By: 

	
  

	 	
By: 

	
  

	
Hakan Koyuncu

	 	
Name: Daniel Brauser,

	  	 	
Title: Chief Financial Officer

 

  

2Unassociated Document

Exhibit 10.25

Summary of Chuck Wallace

Employment Arrangement

Chuck Wallace is receiving a salary of $150,000 per year and was granted 13,279,434 options exercisable at $0.034 per share.  Of the options: (i) 1,659,930 options were fully vested at grant and (ii) the remaining vest (or vested) in 276,655 increments each month beginning September 22, 2010.Paddy Field Lease Contract

The Leaser (hereinafter referred to as party A): Heilongjiang Chahar Farm

The Leasee (hereinafter referred to as party B): Qiqihar Fuer Agronomy Inc.

Signed at: Chahaer Farm

1: The ownership and area of paddy field hereunder: Party A holds use certificate for the field to be leased herein. The estimated area of the paddy field is 10500Mus (7 square kilometers). The actual area of the paddy field shall be subject to actual measurement by both parties.

2: Lease Term: The lease term shall be 12 years, starting on January 1, 2011 and ending on December 31, 2022.

3: Price and Amount: The lease price of the paddy field herein shall be 0.35 Yuan per square meter per year, totaling 29.4 million Yuan for 12 years.

4: Payment: Party B have paid to Party A the total amount of 29.4 million Yuan before December 30, 2010. If there is some difference of actual area measured by the two parties, the excess payment shall be refunded and deficiency shall be repaid.

5: Party A’s obligation: After Party B receive use certificate for the paddy field, Party A shall make sure that the field will not be leased to another party, there is no disputes over the field.

6: Liabilities for breach of contract: If Party A breaches the Contract, Party A shall return all of the lease fees paid by party B and make a one-time compensation to Party B based on Party B’s actual loss. If Party B breaches the Contract, Party B shall make a one –time compensation to Party A based on Party A’s actual loss.

7: Disputes settlement: All disputes arising from the performance of this contract should be settled through negotiations. Should no settlement be reached through negotiations, both parties may bring an action in the People’s Court at the place where Party B resides.

This Contract is executed in two counterparts, each party holding one counterpart with same effects.

This Contract shall come into effect upon sighed by both parties.

Representative of Party A: Li Dapeng

Representative of Party B: Zhang Li

December 15, 2010Paddy Field Lease Contract

 

The Leaser (hereinafter referred to as Party A): Wang Duqiang (ID No.:23022519610213181X)

The Leasee (hereinafter referred to as Party B): Qiqihar Fuer Agronomy Inc.

Signed at: Office of Fuer Agronomy Inc.

 

	
1.  

	
Location and area of paddy field hereunder: The paddy field leased to Party B by Party A is located near Wulian on Changjigang Branch of Chahayang Farm (see the attached map). Party A holds use certificate for the field to be leased herein. The estimated area of the paddy field is 4500 Mus (3 square kilometers). The actual area of the paddy field shall be subject to actual measurement by the two parties.

 

	
2.  

	
Lease Term: The lease term shall be 12 years, starting on January 1, 2011 and ending on December 31, 2022.

 

	
3.  

	
Price and Amount: The lease price of the paddy field herein shall be 0.35 Yuan per square meter per year, totaling 12.6 million Yuan for 12 years.

 

	
4.  

	
Payment: Party B shall pay to Party A the total amount of 12.6 million Yuan before December 15, 2010.

 

	
5.  

	
On state subsidy for quality seeds: Party A shall make sure that the original state subsidy for quality seeds which is 50 000 Yuan shall belong to Party B.

 

	
6.  

	
Party A’s obligations: After Party B receives use certificate for the paddy field, Party A shall make sure that the field will not be leased to another party, there is no disputes over the field, and infrastructure within the land shall be intact and belong to Party B. Party A shall drill another 10 wells with diameter of 0.4 meter for Party B, and bring electricity transformers and three-core cables to the new wells to ensure that Party B will not miss farming season.

 

	
7.  

	
Liabilities for breach of contract: If Party A breaches the Contract, Party A shall return all of the lease fees paid by Party B and make a one-time compensation to Party B based on Party B’s actual loss. If Party B breaches the Contract, Party B shall make a one-time compensation to Party A based on Party A’s actual loss caused by Party B.

 

	
8.  

	
Disputes settlement: All disputes arising from the performance of this contract should be settled through negotiations. Should no settlement be reached through negotiations, both parties may bring an action in the People’s Court at the place where Party B resides.

 

This Contract is executed in three counterparts, each party holding one counterpart with same effects.

 

This Contract shall come into effect upon signed by both parties.

 

 

Party A: Wang Duqiang

November 11, 2010

Representative of Party B: Zhang Li

November 11, 2010Unassociated Document

Exhibit 10.7

November 24, 2010

Michael P. Oliver

San Diego, California 92127

 

Dear Michael:

 

I am pleased to offer you a position with SpectraScience, Inc. (the “Company”), as its Chief Executive Officer. If you decide to join us, you will receive an annual salary of $225,000, which will be paid weekly in accordance with the Company’s normal payroll procedures. In addition you will be paid cash bonuses of $25,000 upon the signing of a distribution agreement between the Company and [a distribution agreement with a large strategic partner], and an additional $50,000 upon the signing of a distribution agreement between the Company and [a distribution agreement with a large strategic partner] for the EMEA market. As an employee, you will also be eligible to receive certain employee benefits as described in the SpectraScience, Inc. Employee Handbook. As an additional benefit, the Company will pay your family’s health insurance premiums. You should note that the Company may modify job titles, salaries and benefits from time to time as it deems necessary.

 

In addition, if you decide to join the Company, it will be recommended at the first meeting of the Company’s Board of Directors following your start date that the Company grant you an option to purchase 3,300,000 shares of the Company’s Common Stock at a price per share equal to the fair market value per share of the Common Stock on the date of grant, as determined by the Company’s Board of Directors. 25% of the shares subject to the option shall vest 12 months after the date your vesting begins subject to your continuing employment with the Company, and no shares shall vest before such date. The remaining shares shall vest monthly over the next 36 months in equal monthly amounts subject to your continuing employment with the Company. This option grant shall be subject to the terms and conditions of the SpectraScience, Inc. Amended 2001 Stock Plan, including vesting requirements. This is subject to approval by the Board of Directors. No right to any stock is earned or accrued until such time that vesting occurs, nor does the grant confer any right to continue vesting or employment.

 

The Company is excited about your joining and looks forward to a beneficial and productive relationship. Nevertheless, you should be aware that your employment with the Company is for no specified period and constitutes at-will employment. As a result, you are free to resign at any time, for any reason or for no reason. Similarly, the Company is free to conclude its employment relationship with you at any time, with or without cause, and with or without notice. We request that, in the event of resignation, you give the Company at least two weeks notice.

 

The Company reserves the right to conduct background investigations and/or reference checks on all of its potential employees. Your job offer, therefore, is contingent upon a clearance of such a background investigation and/or reference check, if any.

 

For purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States. Such documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated.

 

We also ask that, if you have not already done so, you disclose to the Company any and all agreements relating to your prior employment that may affect your eligibility to be employed by the Company or limit the manner in which you may be employed. It is the Company’s understanding that any such agreements will not prevent you from performing the duties of your position and you represent that such is the case. Moreover, you agree that, during the term of your employment with the Company, you will not engage in any other employment, occupation, consulting or other business activity directly related to the business in which the Company is now involved or becomes involved during the term of your employment, nor will you engage in any other activities that conflict with your obligations to the Company. Similarly, you agree not to bring any third party confidential information to the Company, including that of your former employer, and that in performing your duties for the Company you will not in any way utilize any such information.

 

  

  

  

Exhibit 10.7

 

As a Company employee, you will be expected to abide by the Company’s rules and standards. Specifically, you will be required to sign an acknowledgment that you have read and that you understand the Company’s rules of conduct, which are included in the Employee Handbook, a copy of which is included with this offer letter.

 

To accept the Company’s offer, please sign and date this letter in the space provided below. A duplicate original is enclosed for your records. If you accept our offer, your first day of employment will be November 29, 2010. This letter, along with any agreements relating to proprietary rights between you and the Company, set forth the terms of your employment with the Company and supersede any prior representations or agreements including, but not limited to, any representations made during your recruitment, interviews or pre-employment negotiations, whether written or oral. This letter, including, but not limited to, its at-will employment provision, may not be modified or amended except by a written agreement signed by the Chairman of the Company and you. This offer of employment will terminate if it is not accepted, signed and returned by November 29, 2010.

 

We look forward to your favorable reply and to working with you at SpectraScience, Inc.

 

 

	 Sincerely, 

/s/ Mark McWilliams                      .

Mark McWilliams

Chairman

 

 

Agreed to and accepted:

 

Signature: /s/ Michael P. Oliver                      .

 

Printed Name: Michael P. Oliver

 

Date: November 24, 2010

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