Document:

EXHIBIT 10.2

    
      

    

    EXHIBIT
      10.2

    SETTLEMENT
      AGREEMENT

     

    This
      Settlement Agreement (the “Agreement”) is entered into effective as of May 10,
      2006, by and among FastFunds Financial Corporation, Inc., a Nevada corporation
      (“FastFunds”), on the one hand; and the following holders of certain notes: Gary
      Fears, Joseph Scoby, Debra Senglaub, Jeffrey Senglaub, Paul Moore [or Moore
      Investments, Inc., an Illinois corporation], and Anglo Irish Bank, Inc., a
      Switzerland corporation (collectively referred to as the “Note Holders”) on the
      other hand; with respect to the settlement of all claims between the foregoing
      parties to this Agreement, including those relating to certain Convertible
      Notes
      dated November and December of 2004, made by FastFunds to the Note Holders
      (as
      listed in Exhibit 1 attached, the “Notes”),
      and
      other
      related matters. FastFunds and the Note Holders may be collectively referred
      to
      in this Agreement as the “parties” and individually as a “party.”

     

    In
      consideration of the payments, promises, mutual covenants and releases provided
      for in this Agreement, and for other good and valuable consideration, the
      receipt and sufficiency of which are hereby acknowledged, FastFunds and the
      Note
      Holders, intending to be legally bound, hereby agree as follows:

     

    1.
      Settlement
      Payments.
      Pursuant to settlement, FastFunds has paid the Note Holders all of the
      outstanding principal and total interest accruing under the Notes. In addition,
      200,000 shares of Fastfunds Financial Corporation shall be issued to those
      individuals on Exhibit I in the amounts set opposite the respective
      names.

     

    2.
      Settlement
      and Release.
      In
      consideration of the forgoing payments and securities, each of the Note Holders,
      and their officers, directors, employees, agents, attorneys, stockholders,
      parent corporations, subsidiaries, affiliates (as defined in rules under the
      Securities Act of 1933), representatives, successors and assigns, and the heirs,
      executors, successors and assigns thereof (the “Note Holder Affiliates”) hereby
completely,
      unconditionally and forever release, acquit and forever discharge FastFunds
      and
      its officers, directors, employees, agents, attorneys, stockholders, parent
      corporations, subsidiaries, affiliates (as defined in rules under the Securities
      Act of 1933), representatives, successors and assigns, and the heirs, successors
      and assigns thereof (collectively, the “Company Affiliates”) from any and all
      past, present or future claims, demands, liabilities, actions,
      causes

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    of
      action, debts, losses, counterclaims, set-offs, liabilities, damages or suits
      of
      every kind or nature which the Note Holders or the Note Holder Affiliates now
      have or may hereafter accrue against the FastFunds or the Company Affiliates,
      whether known or unknown, asserted or unasserted, absolute or contingent,
      accrued or not accrued, including but not limited to those arising out of,
      based
      upon, or in any way related to the (a) the Notes; (b) any obligations to make
      any payments, or any other monetary of non-monetary obligation or performance
      of
      any sort arising under Notes or any other documents or agreements allegedly
      entered into in connection with the Notes, including the warrants issued with
      the Notes; (c) any alleged duty purportedly existing or arising between the
      parties; (d) any alleged obligation to make payment of any interest, late fees
      or other charges; (e) any alleged negligence, lack of due care, gross
      negligence, or alleged intentional, willful or wanton misconduct resulting
      in
      any alleged loss; (f) any lost profits, loss of business opportunities, lost
      investment returns, lost investment opportunities or other business losses;
      (g)
      any alleged conspiracy or purportedly tortious conduct, misapplication of
      proceeds, or alleged act or omission purportedly resulting in injury; (h) any
      alleged fraud, concealment, misrepresentation, negligent misrepresentation,
      failure to make disclosure, or allegedly misleading or inaccurate statements
      purported to have been made to by FastFunds or the Company Affiliates; (i)
      alleged infliction of emotional distress, pain, suffering or other similar
      injury; (j) any alleged costs, expenses, fees, charges, attorneys fees or
      expenses, expert witness fees or expenses, or third party costs, fees, expenses
      or charges, purportedly incurred; and (k) any other claims, demands, actions,
      causes of action or suits which the Note Holders or the Note Holder Affiliates
      asserted, attempted to assert or which could have asserted against FastFunds
      or
      the Company Affiliates (all of which are hereinafter referred to as the
      "Released Claims") up to and including the date hereof; provided,
      however,
      that
      the obligations of FastFunds to perform this Agreement are specifically excluded
      from the foregoing release.

     

    3. Settlement
      and Release.
      FastFunds hereby forever completely and unconditionally release, acquit and
      discharge the Note Holders from any and all past, present or future claims,
      demands, liabilities, actions, causes of action, debts, losses, counterclaims,
      set-offs, liabilities, damages or suits of every kind or nature which FastFunds
      now have or may hereafter accrue against Note Holders, whether known or unknown,
      asserted or unasserted, absolute or contingent, accrued or not
      accrued,

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    including
      but not limited to those arising out of, based upon, or in any way related
      to
      the (a) the Notes; (b) any obligations to make any payments, or any other
      monetary of non-monetary obligation or performance of any sort arising under
      Notes or any other documents or agreements allegedly entered into in connection
      with the Notes; (c) any alleged duty purportedly existing or arising between
      the
      parties; (d) any alleged obligation to make payment of any interest, late fees
      or other charges; (e) any alleged negligence, lack of due care, gross
      negligence, or alleged intentional, willful or wanton misconduct resulting
      in
      any alleged loss; (f) any lost profits, loss of business opportunities, lost
      investment returns, lost investment opportunities or other business losses;
      (g)
      any alleged conspiracy or purportedly tortious conduct, misapplication of
      proceeds, or alleged act or omission purportedly resulting in injury; (h) any
      alleged fraud, concealment, misrepresentation, negligent misrepresentation,
      failure to make disclosure, or allegedly misleading or inaccurate statements
      purported to have been made to by Note Holders; (i) alleged infliction of
      emotional distress, pain, suffering or other similar injury; (j) any alleged
      costs, expenses, fees, charges, attorneys fees or expenses, expert witness
      fees
      or expenses, or third party costs, fees, expenses or charges, purportedly
      incurred; and (k) any other claims, demands, actions, causes of action or suits
      which FastFunds asserted, attempted to assert or could have asserted against
      the
      Note Holders (all of which are hereinafter referred to as the "Released Company
      Claims") up to and including the date hereof; provided,
      however,
      that
      the obligations of the Note Holders to perform this Agreement are specifically
      excluded from the foregoing release. The Released Note Holder Claims and the
      Released Company Claims may hereafter be referred to together as the “Released
      Claims.”

     

    4. Confidentiality.
      Except
      as required by law, rule, regulation, subpoena of a court, or order of a court,
      the parties agree on their own behalf and on behalf of their respective
      attorneys, agents, successors and assigns that neither the Parties nor the
      attorneys, agents, successors or assigns of the parties, will disclose to any
      other person or entity: (1) the contents or substance of this Agreement, (2)
      any
      of the facts or matters in controversy or dispute in connection with the Case
      or
      the Released Claims, or (3) any communications prior to the date of this
      Agreement between the Parties with respect to the Released Claims, or this
      Agreement (the "Confidential Matters"). In the event that any of the parties,
      or
      any attorney, agent, successor or assign of any of the

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    parties
      receives a subpoena or order requesting or requiring that any of the
      Confidential Matters be disclosed, or any of the parties, or any attorney,
      agent, successor or assign of any of the parties, decides to disclose any of
      the
      Confidential Matters for any reason other than required disclosure of publicly
      traded companies under the securities laws and regulations, the person or entity
      receiving the subpoena or order, or deciding to disclose the Confidential
      Matters, shall promptly notify the parties to this Agreement prior to
      disclosure, of that subpoena or order, or intent to disclose the Confidential
      Matters. A party may, without violating this paragraph, inform anyone that
      "All
      matters and disputes between the parties have been settled pursuant to
      agreement," or words of similar meaning and substance. A party may disclose
      this
      Agreement to that party’s attorneys or accountants, provided that the attorneys
      or accountants agree to keep the matter confidential pursuant to the terms
      of
      this section as if they were a party to this Agreement.

     

    5. Representations
      and Warranties.
      Each
      party to this Agreement represents and warrants to the others that: (a) it
      has
      full power and authority to enter into this Agreement and perform all of its
      obligations under this Agreement, has duly executed and delivered this
      Agreement, and this Agreement is legally binding on it and is enforceable in
      accordance with its terms; (b) the execution, delivery and performance of the
      transactions contemplated herein do not conflict with or violate, or result
      in a
      breach of or constitute a default under, any contract or agreement to which
      it
      is a party or by which it is bound; and (c) no consent or approval from any
      person, firm or entity, or any governmental authority or court, is required
      in
      connection with the execution and delivery of this Agreement or the consummation
      of the transactions contemplated by this Agreement. Each of the parties
      represents and warrants that it has not filed for or been the subject of any
      bankruptcy or insolvency proceeding or receivership since the Released Claims
      arose, that it is competent and authorized to enter into and perform this
      Agreement, and will be bound by the terms of this Agreement. Each party to
      this
      Agreement represents and warrants that the party has relied upon the party’s own
      judgment and the judgment of the party’s own respective legal counsel regarding
      the every aspect of this Agreement, and that no statements or representations
      (expressed or implied) were made by any other party or any other party's agents,
      employees, officers, directors or legal representatives that have influenced
      or
      induced the party to execute this Agreement. Each party has prior to the
      negotiation, drafting and execution of this

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Agreement
      obtained for itself of sufficient relevant information to intelligently exercise
      the party’s independent judgment regarding this Agreement. Each of the parties
      assumes the risk of any mistake of fact or any fact which may be unknown to
      them
      relating to this Agreement or the Released Claims. By executing this Agreement
      and granting the releases in this Agreement, it is the full intent of each
      of
      the parties to this Agreement to release the opposing parties respectively
      from
      unknown or unforeseen losses, costs, expenses, liabilities, claims, injuries,
      damages and consequences thereof which may or will result from the Released
      Claims prior to or after the date of the execution of this Agreement arising
      out
      of facts that occurred prior to the date of this Agreement, regardless of when
      the damages were incurred. 

     

    6. Warranty
      of Ownership.
      The
      Note Holders represent and warrant that they are the sole lawful owners of
      the
      Notes and all of the Released Claims free of all liens and interests, and that
      they have not transferred, encumbered or assigned any interest in any of the
      Released Claims to any person or entity. The Note Holders agree to indemnify
      and
      hold FastFunds and the Company Affiliates harmless from any claims, demands,
      actions, causes of action or suits brought against FastFunds or the Company
      Affiliates by any person or entity claiming any interest in any of the Notes
      or
      Released Claims. 

     

    7. Accord
      and Satisfaction.
      The
      covenants, promises and agreements contained in this Agreement are made pursuant
      to a settlement between the parties to this Agreement, represent a compromise
      of
      disputed claims, and are not an admission of liability by any of the parties
      to
      this Agreement. This Agreement is in full accord and satisfaction of all
      disputed claims between the parties to this Agreement. 

     

    8. Notices.
      All
      notices permitted, provided for, necessary or convenient in connection with
      this
      Agreement shall be effective (a) when the confirmation is electronically
      recorded after being sent by telecopier to the telecopier numbers for the
      parties set forth in Exhibit 1 attached, or (b) the next business day after
      being sent for overnight delivery, proper charges pre-paid, by a reputable
      overnight delivery service or U.S. Express Mail to the notice address of the
      parties set forth in Exhibit 1 attached, or (c) upon the seventh business day
      after being mailed certified or registered mail, return receipt requested,
      proper postage prepaid to the notice address of the parties set forth in Exhibit
      1 attached (or to any subsequent Notice Address for which the other parties
      have
      been given notice as provided for herein). 

     

    9. General
      Provisions.
      This
      Agreement shall be binding upon and shall inure to the benefit of the parties
      and their respective heirs, successors and assigns. This Agreement may be
      executed in any number of counterparts, all of which will be considered one
      and
      the same agreement. The signatures to this Agreement may be delivered by
      facsimile or other means of electronic transmission (and signatures so delivered
      shall be valid and binding to the same extent as original signature). All of
      the
      parties, with the assistance of their counsel, have participated in the drafting
      and negotiation of this Agreement, and the Agreement shall be construed as
      if it
      were prepared by all of the parties to this Agreement, without regard to who
      originally drafted or proposed any section or term of the Agreement. This
      Agreement reflects the entire understanding between the parties to this
      Agreement, and fully supersedes and replaces any and all alleged or actual
      prior
      agreements or understandings between the parties to this Agreement. No
      statements, promises or inducements by any of the parties or any agent of any
      of
      the parties to this Agreement shall be valid or binding unless they are
      contained in this Agreement. No modification or amendment to this Agreement
      shall be valid or binding unless that modification or amendment is set forth
      in
      a subsequent written document executed by each of the parties to be bound by
      the
      amendment or modification. This Agreement shall be construed in accordance
      with
      the laws of the State of Colorado. If any provision of this Agreement or the
      application of that provision to any party or circumstances shall be held
      invalid, the remainder of the Agreement, or the application of that provision
      to
      the party or circumstances other than those to which it is held invalid, shall
      not be affected by that determination. In view of the purposes of this
      Agreement, it is agreed that the remedy at law for failure of any party to
      perform would be inadequate and that the injured party or parties, at its or
      his
      option, shall have the right to compel the specific performance of this
      Agreement in a court of competent jurisdiction, to the extent permitted by
      applicable law and not expressly prohibited by this Agreement. The prevailing
      party in any proceeding shall be entitled to recover its reasonable attorneys’
fees and costs of collection to enforce any provision of this Agreement. All
      of
      the representations and warranties in this Agreement shall survive the execution
      and delivery and performance of obligations pursuant to this
      Agreement.

     

    

     

    

     

    In
      Witness Whereof,
      the
      parties have executed this Settlement Agreement to be effective as of the date
      first written above.

     

    FASTFUNDS
      FINANCIAL CORPORATION:

    

    

    By:
              Its:
           

    

    

    NOTEHOLDERS:

    GARY
      FEARS:

    

    

     

    

     

    JOSEPH
      SCOBY:

    

    

     

     

    

     

    ANGLO
      IRISH BANK:

    

    

     

     

    

     

    MOORE
      INVESTMENTS, INC.:

    

    

    By:
            

    Its:
           

    

    

     

    DEBRA
      SENGLAUB:

    

    

     

    

    

     

    JEFFREY
      SENGLAUB:EXHIBIT 10.3

    
      
        

      

    

    EXHIBIT
      10.3

    
 

    ESCROW
      AGREEMENT

    

    

     

    

    

    THIS
      ESCROW AGREEMENT
      (the
“Agreement”) made as of May 10, 2006, by and among FastFunds Financial
      Corporation (“FastFunds”), Equitex, Inc. (“EQTX”) and MBC Global, LLC, an
      Illinois limited liability company (“MBC”), Corporate Capital, Inc. a Minnesota
      corporation, Carolyn Companies, a Colorado corporation, Moore Investments,
      Inc.,
      an Illinois corporation, Paul A. Moore, Kathy Moore, Kevin F. Flynn, as Trustee
      of the Kevin F. Flynn June 1992 Non-Exempt Trust, European American Perinvest
      Group Bermuda., a British Virgin Island corporation, Fritz Voelker John Eric
      Landry, Colin P. Markey, Sherie Swiontek, Mark Savage and Daniel Ryweck
      (collectively referred to as the “Shareholders or Shareholder”) and Baum and
      Gustafson, P.C. (the “Escrow Agent”).

     

     

    Recitals

    Settlement
      Agreement

    

    WHEREAS,
      FastFunds, Equitex and the Shareholders have entered into a Settlement Agreement
      dated May 10, 2006 (the “Settlement
      Agreement”);
      

     

    WHEREAS,
      pursuant to the terms of the Settlement
      Agreement
      the
      Shareholder received shares of common stock of the Company;

     

    WHEREAS,
      the Shareholder shall initially receive a total of 180,000 shares of the
      Company’s common stock, or such greater amount as determined by the Settlement
      Agreement ( “Shareholder’s Stock”) as allocated under Exhibit 1;
      and

     

    WHEREAS,
      FastFunds, EQTX and the Shareholders propose to enter into an Escrow Agreement
      whereby the Escrow Agent shall hold certain of the certificates of EQTX pursuant
      to the terms and conditions of the Settlement
      Agreement, a
      copy of
      which is attached hereto and made a part hereof; and

     

    WHEREAS,
      the
      Escrow Agent has agreed to hold said certificates pursuant to the terms and
      conditions of the Settlement
      Agreement;

     

    NOW,
      THEREFORE,
      in
      consideration of the premises and mutual covenants herein contained, the parties
      hereto hereby agree as follows:

    

    Agreement 

     

    1.
       Holding
      of Document..
      The
      Escrow Agent shall hold those certificates delivered to it under the terms
      and
      conditions of the Settlement
      Agreement. EQTX
      will

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    be
      delivering to the Escrow Agent three (3) certificates of EQTX of each
      Shareholder in equal amounts. See Exhibit I attached which sets forth the Stock
      Ownership.  

     

     

    2.
       Rights,
      Duties and Responsibilities of Escrow Agent.
      It is
      understood and agreed that the duties of the Escrow Agent are purely ministerial
      in nature, and that:

     

    2.1 The
      Escrow Agent shall notify EQTX and Shareholders of receipt of the certificates
      as set forth in the Settlement
      Agreement. 

    

    2.2
      The Escrow
      Agent shall release one certificate of the three originally received every
      thirty days to each Holder. The first certificate shall be released within
      two
      business days upon receipt of the certificates. The certificates shall be
      delivered to each Holder at the address provided, via overnight
      delivery.

     

    2.3
       The
      Escrow Agent shall not be responsible for or be required to enforce any of
      the
      terms or conditions of the Settlement
      Agreement
      or any
      other agreement between FastFunds, EQTX and Shareholders nor shall the Escrow
      Agent be responsible for the performance by EQTX or Shareholders of their
      respective obligations under the Settlement
      Agreement.

     

    2.4
       The
      Escrow Agent shall not be required to keep records of any information except
      for
      acknowledgement of receipt and disbursements of the various certificates as
      described in the Settlement
      Agreement. 

     

    2.5
      The
      Escrow Agent shall be entitled to rely upon the accuracy, act in reliance upon
      the contents, and assume the genuineness of any notice, instruction,
      certificate, signature, instrument or other document which is given to the
      Escrow Agent pursuant to this Agreement without the necessity of the Escrow
      Agent verifying the truth or accuracy thereof. The Escrow Agent shall not be
      obligated to make any inquiry as to the authority, capacity, existence or
      identity of any person purporting to give any such notice or instructions or
      to
      execute any such certificate, instrument or other document.

     

    2.6 If
      the
      Escrow Agent is uncertain as to its duties or rights hereunder or shall receive
      instructions with respect to the documents delivered to it by EQTX and/or
      Shareholders which, in its sole determination, are in conflict either with
      other
      instructions received by it or with any provision of this Agreement, it shall
      be
      entitled to hold the Escrowed Documents pending the resolution of such
      uncertainty to the Escrow Agent’s sole satisfaction, by final judgment of a
      court or courts of competent jurisdiction or otherwise.

     

    2.8
       The
      Escrow Agent shall not be liable for any action taken or omitted hereunder,
      or
      for the misconduct of any employee, agent or attorney appointed by it, except
      in
      the case of willful misconduct or gross negligence. The Escrow
      Agent

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    shall
      be
      entitled to consult with counsel of its own choosing and shall not be liable
      for
      any action taken, suffered or omitted by it in accordance with the advice of
      such counsel.

     

    3. Amendment;
      Resignation or Removal of Escrow Agent.
      This
      Agreement may be altered or amended only with the written consent of EQTX,
      the
      Shareholders and the Escrow Agent. The Escrow Agent may resign and be discharged
      from its duties hereunder at any time by giving written notice of such
      resignation to EQTX and the Shareholders specifying a date when such resignation
      shall take effect and upon delivery of the Documents to the successor escrow
      agent. Such successor escrow agent shall become the Escrow Agent hereunder
      upon
      the resignation date specified in such notice. The Escrow Agent shall continue
      to serve until its successor accepts the escrow and receives the Fund. EQTX
      and
      the Shareholders shall have the right at any time to remove the Escrow Agent
      and
      substitute a new escrow agent by giving notice thereof to the Escrow Agent
      then
      acting. Upon its resignation and delivery of the Fund as set forth in this
      Section 4, the Escrow Agent shall be discharged of and from any and all further
      obligations arising in connection with the escrow contemplated by this
      Agreement. 

     

    4.
       Escrow
      Agent’s Fees.
      The
      Escrow Agent shall be entitled to receive from EQTX a fee of Three Thousand
      Five
      Hundred Dollars ($3,500.00) as compensation for its basic services hereunder.
      Such fee is intended as full compensation for the Escrow Agent’s services as
      contemplated by this Agreement; provided, if the Escrow Agent renders any
      material service not contemplated in this Agreement, or there is any assignment
      of any interest in the subject matter of this Agreement, or any material
      modification hereof, of if any material controversy arises hereunder, or the
      Escrow Agent is a made a party to or justifiably intervenes in any litigation
      pertaining to this Agreement, or the subject matter hereof, the Escrow Agent
      shall be reasonably compensated by EQTX for such extraordinary services and
      be
      reimbursed for all costs and expenses occasioned by any delay, controversy,
      litigation or event, and the same may be recoverable from FastFunds
      only.

     

    5.
       Indemnification
      and Contribution.

    

    5.1
       EQTX
      agrees to indemnify the Escrow Agent and its officers, directors, employees,
      agents and shareholders (collectively referred to as the “Indemnitees”) against,
      and hold them harmless of and from, any and all loss, liability, cost, damage
      and expense, including without limitation, reasonable counsel fees, which the
      Indemnitees may suffer or incur by reason of any action, claim or proceeding
      brought against the Indemnitees arising out of or relating in any way to this
      Agreement or any transaction to which this Agreement relates, unless such
      action, claim or proceeding is the result of the willful misconduct or gross
      negligence of the Indemnitees.

     

    5.2
       If
      the
      indemnification provided for in Section 5.1 is applicable, but for any reason
      is
      held to be unavailable, EQTX shall contribute such amounts as are just and
      equitable to pay, or to reimburse the Indemnitees for, the aggregate of any
      and
      all

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    losses,
      liabilities, costs, damages and expenses, actually incurred by the Indemnitees
      as a result of or in connection with, and any amount paid in settlement of,
      any
      action, claim or proceeding arising out of or relating in any way to any actions
      or omissions of the Indemnitors.

     

    5.3
       The
      provisions of this Article 5 shall survive any termination of this Agreement,
      whether by disbursement of the Fund, resignation of the Escrow Agent or
      otherwise.

     

    6. Termination
      of Agreement.
      This
      Agreement shall terminate on the final delivery of the various documents
      deposited with the Escrow Agent by EQTX and the Shareholders, pursuant to the
      terms and conditions of the Settlement
      Agreement,
      provided that the rights of the Escrow Agent and the obligations of the other
      parties hereto under Section 5 shall survive the termination hereof and the
      resignation or removal of the Escrow Agent.

     

    7.
       Governing
      Law and Assignment.
      This
      Agreement shall be construed in accordance with and governed by the laws of
      the
      State of Colorado, without regard to the conflicts of laws principles thereof,
      and shall be binding, upon the parties hereto and their respective successors
      and assigns; provided,
      however,
      that
      any assignment or transfer by any party of its rights under this Agreement
      or
      with respect to the Escrow Amounts or the Fund shall be void as against the
      Escrow Agent unless (a) written notice thereof shall be given to the Escrow
      Agent; and (b) the Escrow Agent shall have consented in writing to such
      assignment or transfer.

     

    8
       Notices.
      All
      notices, requests, demands, and other communications under the Escrow Agreement
      shall be in writing and shall be deemed to have been duly given (a) on the
      date
      of service if served personally on the party to whom notice is to be given,
      (b)
      on the day of transmission if sent by facsimile/email transmission to the
      facsimile number/email address given below, and telephonic confirmation of
      receipt is obtained promptly after completion of transmission, or (c) on the
      day
      after delivery to Federal Express or similar overnight courier or the Express
      Mail service maintained by the United States Postal Service, to the parties
      as
      follows:

     

    If
      to
      EQTX

    

    Equitex,
      Inc.

    Attention:
      Henry Fong, Chairman

    7315
      East
      Peakview Avenue

    Englewood,
      Col. 80111

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    If
      to
      Shareholders:

    

    Name
      and
      Addresses of Shareholders are set forth on Exhibit I which is attached hereto
      and made a part hereof.

    

    If
      to the
      Escrow Agent:

    

    Baum
      and
      Gustafson, P.C.

    Attention:
      Lawrence E. Gustafson

    600
      Grant
      St.

    Suite
      300

    Denver,
      Col. 80203

    Phone:
      (303) 629-7272

    Fax:
      (303) 825-1160

    

    

    9.
       Severability.
      If any
      provision of this Agreement or the application thereof to any person or
      circumstance shall be determined to be invalid or unenforceable, the remaining
      provisions of this Agreement or the application of such provision to persons
      or
      circumstances other than those to which it is held invalid or unenforceable
      shall not be affected thereby and shall be valid and enforceable to the fullest
      extent permitted by law.

     

    10.
       Execution
      in Several Counterparts.
      This
      Agreement may be executed in several counterparts or by separate instruments
      and
      by facsimile transmission, and all of such counterparts and instruments shall
      constitute one agreement, binding on all of the parties hereto.

     

    11.
       Entire
      Agreement.
      This
      Agreement constitutes the entire agreement between the parties hereto with
      respect to the subject matter hereof and supersedes all prior agreements and
      understandings (written or oral) of the parties in connection
      therewith.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the undersigned have executed this Agreement as of the day
      and
      year first above written.

     

     

    

      
        	 	
                 

              
	 	
                 EQUITEX,
                  INC.

              
	 	
                 

              
	 	
                 

              
	 	
                 

              
	 	
                By:
                  /s/ Henry Fong

              
	 	
                Name:
                  Henry Fong

              
	 	
                Title:
                  Chairman

              
	 	 
	 	
                 

              
	 	
                 

              
	 	
                 

              
	 	
                BAUM
                  AND GUSTAFSON, P.C.

              
	 	 
	 	 
	 	 
	 	
                By:
                  /s/ Lawrence E. Gustafson

              
	 	
                Name:
                  Lawrence E. Gustafson

              

      

    

    
    

     

     

    
      
        	 	 SHAREHOLDERS:
	 	 
	
              	
                MBC
                  GLOBAL, LLC:

              
	 	 
	 	 
	 	
                By:
                  /S/
                  JON ERIC LANDRY 

              
	 	
                Its: COO

              
	 	 
	 	 
	 	
                 

                CORPORATE
                  CAPITAL, INC.:

              
	 	 
	 	 
	 	
                By: /S/
                  MARK SAVAGE

              
	 	
                Its:
                  PRESIDENT

              

      
     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
        	
              	
                 

                CAROLYN
                  COMPANIES:

              
	 	 
	 	 
	 	
                By: /S/
                  THEODORE H. SWINDELLS

              
	 	
                Its: PRINCIPAL

              
	 	 
	 	
                 

                MOORE
                  INVESTMENTS, INC.:

              
	 	 
	 	 
	 	
                By: /S/
                  PAUL A. MOORE

              
	 	
                Its:
                       

              
	 	 
	 	
                 

                PAUL
                  A. MOORE

              
	 	 
	 	
                 

                /S/
                  PAUL A. MOORE

              
	 	 
	 	
                 

                KATHY
                  MOORE

              
	 	 
	 	
                 

                /S/
                  KATHY MOORE

              

      

       

      
        	 	 
	 	
                 

                KEVIN
                  F. FLYNN JUNE 1992 NON-EXEMPT TRUST:

              
	 	 
	 	 
	 	
                By: /S/
                  KEVIN F. FLYNN

              
	 	
                Its
                  Trustee

              
	 	 
	 	
                EUROPEAN
                  AMERICAN PERINVEST GROUP BERMUDA

              
	 	 
	 	 
	 	
                By: /S/
                  THEODORE H. SWINDELLS

              
	 	
                Its: SHAREHOLDER

              

      

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
               

            
	 	
              JON
                ERIC LANDRY

            
	 	 
	 	 
	 	
              /S/
                JON ERIC LANDRY

            
	 	 
	 	
              COLIN
                P. MARKEY

            
	 	 
	 	 
	 	
              /S/
                COLIN P. MARKEY

            
	 	 
	 	 
	 	
              SHERIE
                SWIONTEK

            
	 	 
	 	 
	 	
              /S/
                SHERIE SWIONTEK

            
	 	 
	 	
              MARK
                SAVAGE

            
	 	 
	 	 
	 	
              /S/
                MARK SAVAGE

            
	 	 
	 	
              DANEIL
                RYWECK

            
	 	 
	 	 
	 	
              /S/
                DANIEL RYWECK

            
	 	 
	 	    FRITZ
              VOELKER
	 	 
	 	 
	 	     /S/
              FRITZ VOEKLER

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}]]