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                                                                   Exhibit 10.22

                     SETTLEMENT AGREEMENT AND MUTUAL RELEASE

      This SETTLEMENT AGREEMENT (the "Settlement Agreement") is entered into as
of the 11th day of October, 2007, by and between Water Chef, Inc. ("Water Chef")
on the one hand, and Occidental Engineering Consultants Limited, a Republic of
Cyprus corporation ("Occidental Engineering"), on the other (collectively the
"Parties"); and

      WHEREAS, Water Chef delivered to Occidental Engineering that certain
Secured Promissory Note, dated May 4, 2001, in the original principal amount of
$400,000(the "Note"); and

      WHEREAS, after Occidental Engineering delivered a letter to Water Chef
dated September 29, 2005, Occidental Engineering agreed to forbear on taking
legal action for a short period ending on or about October 31, 2005 in
consideration for Water Chef's issuance of 100,000 shares of its common stock as
consideration therefore (and not in payment of amounts due under the Note) (the
"2005 Forbearance Agreement"); and

      WHEREAS, the Parties entered into that certain forbearance agreement dated
as of May 8, 2006 pursuant to which Water Chef delivered to Occidental
Engineering 3,000,000 shares of its common stock (the "2006 Forbearance
Agreement", and together with the 2005 Forbearance Agreement, the "Forbearance
Agreements"); and

      WHEREAS, the Parties now wish to part ways, conclude their business
relationship, and terminate any and all obligations under and pursuant to the
Note, and are desirous of resolving all outstanding differences, disputes,
conflicts, and claims that each has or may have against the other; and

      NOW THEREFORE, in consideration of the mutual promises contained herein
and for good and valuable consideration, it is hereby agreed by and between the
parties hereto, as follows:

      1. CONSIDERATION:

            (a) Water Chef shall pay to Occidental Engineering the sum of One
Hundred and Fifty Thousand Dollars and Zero Cents ($150,000.00), payable in two
installments as follows: (i) Seventy-Five Thousand Dollars and Zero Cents
($75,000.00) on or before December 31, 2007 and (ii) Seventy-Five Thousand
Dollars and Zero Cents ($75,000.00) on or before June 30, 2008. Said payments
shall be made via certified check or wire transfer.

            (b) The Parties further agree that if Water Chef realizes its short
term goal of raising One Million Five Hundred Thousand Dollars ($1,500,000.00)
prior to the above date for the first installment payment, Water Chef will
commence payment immediately and the second installment payment will be due six
(6) months thereafter.

            (c) Water Chef will issue to the benefit of Occidental Engineering
Two Million Five Hundred Thousand (2,500,000) shares of Water Chef common stock.
One Million Two Hundred Fifty Thousand (1,250,000) of these shares will be
submitted for registration with the Securities Exchange Commission on Form SB-2
on the registration statement to be filed pursuant to that certain Registration
Rights Agreement, dated as of August 27, 2007, by and between Water Chef and
Southridge Partners LP and Southshore Capital Fund Ltd. The remaining One
Million Two Hundred Fifty Thousand (1,250,000) of these shares will be submitted
for registration with the Securities Exchange Commission on Form SB-2 on the
registration statement to be filed pursuant to that certain Registration Rights
Agreement, dated as of September 7, 2007, by and between Water Chef and Brittany
Capital Management Limited. Occidental Engineering agrees that it shall restrict

                                       2

its sale of registered Water Chef shares to no more than twenty-five (25%) of
the previous day's trading volume or current day's trading volume, or 125,000
shares per day, whichever number is lower.

      2. MUTUAL GENERAL RELEASE. Expressly conditioned upon completion of the
payment due and shares issued pursuant to Section 1 above, the Parties, each for
themselves, their respective assigns, employees, agents, predecessors, heirs,
executors, and administrators, successors, attorneys, and any others claiming
under or through them, both past and present, do hereby irrevocably release and
forever discharge each other, and each of the others' assigns, employees,
agents, predecessors, successors, heirs, executors, and administrators,
attorneys, and all others acting by, through, under, or in concert with the
other, and each of them, from any and all manner of action or actions, cause or
causes of action, in law or in equity, suits, debts, liens, contracts (express,
implied in fact, or implied by law), agreements, promises, liabilities, claims,
set offs, rights and claims for indemnity and/or contribution, refunds,
overpayments, demands, damages, losses, costs, or expenses, of any nature
whatsoever, known or unknown, suspected or unsuspected, fixed or contingent,
that either of the Parties have, ever have had, and/or may have, from the
beginning of time through the date of this Settlement Agreement. Notwithstanding
the above, or any other provisions of this instrument, this Settlement Agreement
shall not affect, discharge, or release any claims, known or unknown, which
arise from or relate to the rights or obligations of the parties hereto, whether
presently existing or subsequently accruing, with respect to the obligations
created by or arising out of the provisions of this Settlement Agreement.

      3. TERMINATION OF THE NOTE AND FORBEARANCE AGREEMENTS. The Parties
expressly acknowledge that all obligations under the Note and the Forbearance

                                       3

Agreements have been satisfied and that Water Chef has no continuing obligations
under the Note or the Forbearance Agreements, and that none of the terms or
provisions in the Note or Forbearance Agreements survive.

      4. ATTORNEY ADVICE. Each of the Parties warrants and represents that in
executing this Settlement Agreement, such Party has relied on legal advice from
the attorney of his choice, that the terms of this Settlement Agreement and its
consequences have been completely read and explained to such Party by that
attorney, and that such Party fully understands the terms of this Settlement
Agreement.

      5. NO REPRESENTATIONS. Each of the Parties acknowledges and represents
that, in executing this Settlement Agreement, such Party has not relied on any
inducements, promises, or representations made by any Party or any party
representing or serving such Party, unless expressly set forth in a written
agreement.

      6. AGREEMENT BINDING ON SUCCESSORS. This Agreement shall be binding upon
and shall inure to the benefit of the parties hereto and their respective
partners, employees, agents, servants, heirs, administrators, executors,
successors, representatives and assigns.

      7. MODIFICATIONS. This Settlement Agreement supersedes any and all prior
agreements and negotiations between the parties hereto and supersedes any and
all obligations the parties hereto may have to one another under any prior
agreements. This Settlement Agreement may not be altered, amended or modified in
any way whatsoever, except by a writing duly signed by all affected parties.

      8. ATTORNEY'S FEES. In the event of any action, suit or other proceeding
instituted to remedy, prevent or obtain relief from a breach of this Settlement
Agreement, arising out of a breach of this Settlement Agreement, involving

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claims within the scope of the releases contained in this Settlement Agreement,
or pertaining to a declaration of rights under this Settlement Agreement, the
prevailing party shall recover all of such party's attorneys' fees and costs
incurred in each and every such action, suit or other proceeding, including any
and all appeals or petitions therefrom. As used herein, attorneys' fees shall be
deemed to mean the full and actual costs of any legal services actually
performed in connection with the matters involved, calculated on the basis of
the usual fee charged by the attorneys performing such services.

      9. COUNTERPARTS AND FACSIMILE EXECUTION. This Settlement Agreement may be
executed in one or more counterparts or by facsimile, each of which when
executed and delivered shall be an original, and all of which when executed
shall constitute one and the same instrument.

      10. GOVERNING LAW AND FORUM. This Agreement shall be governed by the law
of the State of New York, and the parties hereto consent to the exclusive
jurisdiction of the Courts of New York located in New York County in connection
with any dispute relating to this Agreement; all parties further agree to accept
service of process by overnight courier in any such suit, to waive any defense
based upon an inconvenient forum, and to waive any right to a trial by jury.

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      IN WITNESS WHEREOF, the Parties hereto, agreeing to be bound hereby,
execute this Settlement Agreement upon the date first set forth above.

                                    WATER CHEF, INC.

                                    /s/ Leslie J. Kessler
                                    ------------------------------
                                    By: Leslie J. Kessler
                                    Title: President and Chief Executive Officer

STATE OF NEW YORK             )
                              ) SS:
COUNTY OF                     )

      On this ___ day of October 2007, before me personally appeared
_________________, ________ of Water Chef, Inc., personally known to me, known
or proved to me on the basis of satisfactory evidence to be the individual whose
name is subscribed to the within instrument and acknowledged to me that he
executed the same in his capacity and that by his signature on the instrument,
the individual, or the person upon behalf of which the individual acted,
executed the instrument.

                                          ------------------------------
                                          NOTARY PUBLIC

                                       6

                                    OCCIDENTAL ENGINEERING CONSULTANTS
                                    LIMITED,a Republic of Cyprus corporation

                                    /s/ Estathios Basios
                                    ------------------------------
                                    By:  Estathios Basios
                                    Title: Authorized Signatory

STATE OF NEW YORK             )
                              ) SS:
COUNTY OF NEW YORK            )

      On this ___ day of October 2007, before me personally appeared
_________________, ________ of Occidental Engineering Consultants Limited, a
Republic of Cyprus corporation, personally known to me, known or proved to me on
the basis of satisfactory evidence to be the individual whose name is subscribed
to the within instrument and acknowledged to me that he executed the same in his
capacity and that by his signature on the instrument, the individual, or the
person upon behalf of which the individual acted, executed the instrument.

                                          ------------------------------
                                          NOTARY PUBLIC

                                       7-- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 4.1

SPECIMEN UNIT CERTIFICATE 

							
	
          NUMBER
		 
		 

		 
		 

		 
		
UNITS
	
	
U-___________
		 
		 

		 
		 

		 
		 

	
	 

	
	
SEE REVERSE FOR
		 
		 

		 
		 

		 
		 

	
	
CERTAIN
		 
		 

		 
		 

		 
		 

	
	
DEFINITIONS
		 
		 

		 
		 

		 
		 

	
	 

	
	 

		 
		
CHINA HOLDINGS ACQUISITION CORP.
		 
		 

		 
		 

	
	 

	
	 

		 
		 

		 
		
CUSIP
		 
		 

	

UNITS CONSISTING OF ONE SHARE OF COMMON STOCK AND ONE WARRANT

EACH TO PURCHASE ONE SHARE OF COMMON STOCK 

			
	
   THIS CERTIFIES THAT
		 

		 
	
   is the owner of
		 
	Units.

Each Unit (“Unit”) consists of one (1) share of common stock, par value $.001 per share (“Common Stock”), of CHINA HOLDINGS ACQUISITION CORP., a Delaware corporation (the “Company”), and
one warrant (the “Warrant”). Each Warrant entitles the holder to purchase one (1) share of Common Stock for $7.50 per share (subject to adjustment). Each Warrant will become exercisable on the later of (i) the Company’s completion
of an initial business combination with one or more target business or (ii) one (1) year from the date of the prospectus covering the Warrants and will expire unless exercised before 5:00 p.m., New York City Time, on ____________, 2012, or
earlier upon redemption (the “Expiration Date”). The Common Stock and Warrant comprising the Units represented by this certificate may trade separately on the 35th  day after the date of the prospectus unless the representative of the underwriters determines that an earlier date is acceptable; provided, however, in no event will Citigroup Global Markets Inc. allow separate trading of the common
stock and warrants until the Company files an audited balance sheet reflecting the Company’s receipt of the gross proceeds of the offering and a press release announcing when such separate trading will begin. The terms of the Warrants are
governed by a Warrant Agreement, dated as of _______, 2007, between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and provisions contained therein, all of which terms and
provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrant Agreement are on file at the office of the Warrant Agent at 17 Battery Place, New York, New York 10004, and are available to any Warrant holder on
written request and without cost. This certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company. 

Witness the facsimile seal of the Company and the facsimile signature of its duly authorized officers. 

						
	
By
		 
		 

		 	 
		 

	
	 

		 
		
Chief Executive Officer
		 	 
		
Secretary
	

CHINA HOLDINGS ACQUISITION CORP. 

CORPORATE 

SEAL 

2007 

DELAWARE 

CHINA HOLDINGS ACQUISITION CORP.

The Company will furnish without charge to each stockholder who so requests, a statement of the powers, designations, preferences and relative, participating, optional or other special rights
of each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights. 

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or
regulations: 

	 	TEN COM	-	as tenants in common
	 	TEN ENT	-	as tenants by the entireties
	 	JT TEN	-	as joint tenants with right of survivorship
	 	 	 	and not as tenants in common

								
	
  UNIF GIFT MIN

  ACT -
		 
		 

		 	Custodian
		 	 

		 
	 

		 
		
(Cust)
		 	 
		 	(Minor)
		 
	 

		 
		
under Uniform Gifts to Minors
	
	 

		 
		
Act
		 	 
		 
	 

		 
		 

		 	(State)
		 

Additional Abbreviations may also be used though not in the above list.

For value received, ___________________________ hereby sell, assign and transfer unto

	
PLEASE INSERT SOCIAL SECURITY OR OTHER
		 
	
IDENTIFYING NUMBER OF ASSIGNEE
		 
	 

		 
	 

		 
	 

		 
	 

		 
	
(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)	

	

	 	 
	 	 
	 	 Units
	represented by the within
        Certificate, and do hereby irrevocably constitute and appoint 	 
	 	 Attorney
	to transfer the said Units
        on the books of the within named Company will full power of substitution
        in the premises. 	 

	

Dated _____________________ 

	NOTICE:	The signature to this assignment must correspond
        with the name as written upon the face of the certificate in every particular,
    without alteration or enlargement or any change whatever.

 

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Signature(s) Guaranteed:

THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT
TO S.E.C. RULE 17Ad-15). 

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