Document:

LA
      JOLLA
      COVE INVESTORS, INC.

    7817
      Herschel Ave., Suite 200

    LA
      JOLLA,
      CALIFORNIA 92037

    TELEPHONE:
      (415) 409-8703

    FACSIMILE:
      (415) 409-8704

    E-MAIL:
      LJCI@PACBELL.NET

    
      	
              LA
                JOLLA 

            	
              www.ljcinvestors.com

            	
              SAN
                FRANCISCO

            

    

     

    February
      28, 2007

     

    

    W.
      Gerald
      Newmin

    MultiCell
      Technologies, Inc.

    701
      George Washington Highway

    Lincoln,
      Rhode Island 02865

    

    Dear
      Gerald:

    

    Reference
      is made to the $100,000 Convertible Debenture dated February 28, 2007 issued
      by
      MultiCell Technologies, Inc. (“Company”) to La Jolla Investors, Inc. (“Holder”).
      All terms used herein and not otherwise defined herein shall have the
      definitions set forth in the Convertible Debenture.

    

    Beginning
      one year from the Closing Date, Holder shall submit Debenture conversion notices
      and related Warrant exercise notices in an amount such that Holder receives
      a
      total of 1% of the outstanding shares of the Company every calendar quarter
      for
      a period of one year, provided that Holder is able to sell such shares under
      Rule 144. Beginning two years from the Closing Date, Holder shall convert $5,000
      of the Debenture and exercise 500,000 Warrant Shares each calendar month,
      provided that Holder is able to sell such shares under Rule 144(k). If Holder
      converts more than such minimum amounts, the excess shall be credited against
      the next period’s minimum. In the event Holder does not convert and exercise the
      minimum amounts set forth in the first two sentences of this paragraph, the
      Company’s remedy shall be limited to Holder not being entitled to collect
      interest on the Debenture for that calendar quarter or calendar month, as
      applicable.

    

    Sincerely,

    

    /s/T.W.
      Huff

    

    Travis
      W.
      Huff

    Portfolio
      Manager

    

    

    MultiCell
      Technologies, Inc.

    

    By:
      /s/Stephen
      MW Chang

    

    Title:
      President
      & CEOUnassociated Document

    Exhibit
      10.1

    CONSULTING
      AGREEMENT

    

    THIS
      AGREEMENT is
      made
      as of the 1st day of March, 2007

    

    BETWEEN:

     

    MICHAEL
      MULLARKEY, or his nominee

    of
      the
      City of Lake Forest, in the State of Illinois

    

    AND:

    

    WORKSTREAM
      INC., 

    a
      corporation incorporated under the laws of Canada

    WHEREAS
      on the
      28th
      day of
      January, 2004, Workstream Inc. (“Workstream”) entered into a contract of
      employment with Michael Mullarkey (“Mullarkey”) (the “Employment
      Agreement”);

    

    AND
      WHEREAS on
      the
      1st
      day of
      March, 2007, Workstream and Mullarkey entered into an agreement to terminate
      the
      Employment Agreement (the “Agreement to Accept Resignation”); 

    

    AND
      WHEREAS
      Workstream and Mullarkey wish to enter into consulting agreement whereby
      Mullarkey will provide to Workstream business development and strategic planning
      services on an independent contractor basis;

    

    NOW
      THEREFORE,
      for good
      and valuable consideration (the receipt and sufficiency of which are hereby
      acknowledged), Workstream and Mullarkey agree as follows:

    

    CONSULTING

     

    	1.  	
            Effective
              March 1, 2007, Mullarkey will be retained by Workstream as a consultant,
              providing business development and strategic planning services to
              Workstream, including the sale or attempted sale of certain assets
              of
              Workstream, and shall report to the board of directors of Workstream
              (the
              “Board”). 

          

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    TERM

    

    	2.  	
            The
              term of this consulting contract shall be from March 1, 2007 to September
              1, 2007 (the “Term”), at which time this agreement shall terminate unless
              otherwise extended by the written agreement of all
              parties.

          

    

    COMPENSATION

    

    	3.  	
            Mullarkey
              will be paid a retainer in the amount of One Hundred, Ninety Thousand
              Dollars ($190,000) on March 1, 2007;

          

    

    	4.  	
            Mullarkey
              will be compensated on a monthly basis at the rate of $12,500 per
              month;

          

    

    	5.  	
            Mullarkey
              will be compensated for all travel related expenses which, in the sole
              opinion of the Board, are reasonable, within thirty (30) days of
              Mullarkey’s submission to Workstream of receipts for such expenses during
              the Term;

          

    

    	6.  	
            Mullarkey
              will be granted 100,000 restricted stock units (“RSUs”) which will vest on
              an equal monthly basis over the Term. Any such RSU’s which have vested,
              shall be issued to Mullarkey on January 1,
              2008;

          

    

    	7.  	
            Should
              Workstream complete a sale or other disposition of certain assets of
              Workstream, which have been approved by the Board during the Term (a
              “Disposition”), Mullarkey shall be entitled to a payment equal to two and
              a half percent (2.5%) of the total lump sum cash price paid at closing
              in
              the Disposition.

          

     

    INDEPENDENT
      CONTRACTOR

    

    	8.  	
            As
              an independent contractor, Mullarkey is responsible for the remittance
              of
              any applicable taxes or other remittances to any governmental bodies,
              in
              any and all jurisdictions.

          

    

    	9.  	
            Except
              as otherwise provided, as an independent contractor to Workstream and
              not
              an employee, Mullarkey will not be entitled to any Workstream employee
              benefits, nor will Mullarkey be entitled to any statutory benefits
              or
              protections granted to employees. Any payments or arrangements made
              pursuant to the Termination Agreement relate to the terminated Employment
              Agreement and are not meant by either party to relate to this agreement
              or
              have any implications for the independent contractor relationship
              established herein.

          

    

    NON-SOLICITATION
      AND NON-COMPETITION

     

    	10.  	
            Mullarkey
              acknowledges paragraph 9 of the Employment Agreement, “Non-Competition”
              and agrees to continue to be bound by such provision, which is hereby
              incorporated into this Agreement.

          

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    TERMINATION

     

    	11.  	
            This
              contract shall terminate on September 1, 2007 and neither party shall
              bear
              any further obligation to the other as a result of the relationship
              established hereunder.

          

     

    ASSIGNMENT

    

    	12.  	
            The
              rights which accrue to Workstream under this agreement shall pass to
              its
              successors or assigns. Mullarkey’s rights under this agreement are not
              assignable or transferable in any manner.

          

     

    INDEPENDENT
      LEGAL ADVICE

     

    	13.  	
            Mullarkey
              acknowledges that he has obtained or has had an opportunity to obtain
              independent legal advice in connection with this agreement, and further
              acknowledges that he has read, understood, and agrees to be bound by
              all
              of the terms and conditions contained
              herein.

          

     

    GOVERNING
      LAW

     

    	14.  	
            This
              agreement shall be governed by the laws of the Province of Ontario
              and the
              country of Canada.

          

     

    CURRENCY

    

    	15.  	
            All
              amounts referred to in this Agreement are expressed in U.S.
              dollars.

          

    

    Signed
      this  1st  
      day of
  March  ,
      2007 by

     

    
      	 	 	 
	
              Witness 

            	 	
              MICHAEL
                MULLARKEY

            
	
              Name:
                

            	 	 

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Signed
      this _1st_
      day of
  March   ,
      2007 by

    

    
      	 	
              WORKSTREAM
                INC.

            
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 
	 	 	
              I
                have authority to bind the
                corporationExhibit
      10.1

     

    
 

    SCHOEN
      PLACE LLC

    c/o
      A.D. Longwell

    4
      Schoen Place

    Pittsford,
      NY 14534

    

    

    NaturalNano,
      Inc.

    

    RE: Amendment
      No. 1

    

    Pursuant
      to the terms of a Lease Agreement entered into on the 21st
      day of
      August, 2006 in accordance with the laws of New York State and between Schoen
      Place, LLC (“Landlord”) and NaturalNano, Inc. (“Tenant”) the Landlord and Tenant
      sign this statement to confirm the commencement and termination dates to
      accommodate anticipated delivery of possession.

    

    It
      is
      hereby agreed that the term of the lease shall commence on March 1, 2007
      and shall end on April 30, 2022. It is also agreed that all time periods
      with respect to Annual Minimum Rent, Terminate Dates and all other matters
      shall
      be extended to accommodate the change in the commencement date.

    

    All
      other
      provisions of the lease shall remain unchanged and in full force and effect.
      This amendment shall be governed in all respects by the laws of the State of
      New
      York.

     

    
      	 	 	 	Very truly
              yours,
	 	 	 	 
	 	 	 	Schoen Place,
              LLC
	 	 	 	 
	 	 	 	 
	 	 	 	 
	
              Dated:
                February 15, 2007

            	
              By:

            	 	
              /s/Alden
                D.
                Longwell                 
                               
                

            
	 	 	 	
              Alden
                D. Longwell, Authorized Member

            
	 	 	 	 
	 	 	 	 
	
              Accepted
                by the Tenant.

            	 	 	
               

            
	 	 	 	 
	
              Dated:
                February 15th, 2007

            	 	 	
              NaturalNano,
                Inc.

            
	 	 	 	 
	 	 	 	 
	 	
              By:

            	 	
              /s/
                Kathleen A.
                Browne                                
                

            
	 	 	 	 
	 	
              Print
                Name:

            	 	
              Kathleen
                A. Browne

            
	 	 	 	 
	 	
              Print
                Title:

            	 	
              CFO

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