Document:

Exhibit 10.1

Confidential Mutual General
Release and Separation Agreement

between

Agricon Global Inc. and Peter Brincker Moeller

 

 

This Confidential Mutual General Release and Separation Agreement
(the "Agreement") is entered into as of the Effective Date, March 31, 2012, by and between Peter Brincker Moeller, a
citizen and resident of Denmark ("PBM"), , and Agricon Global Inc., a Delaware corporation with a place of business in
Utah, USA (formerly BayHill Capital Corporation, “Agricon”).  PBM and Agricon are referred to collectively as
the "Parties.”

 

WHEREAS, on or about March 6, 2012, by action of the Board of Directors
of Agricon, PBM was elected to the position of Chief Executive Officer of Agricon and appointed to a vacancy on the Board of Directors
in anticipation of a major transaction with Canola Property Ghana Limited and/or its shareholders (“CPGL”); and

 

WHEREAS, on or about March 6, 2012 by Action of the Board of Directors
of Agricon, and again in anticipation of a major transaction with CPGL, PBM was engaged as a consultant to Agricon for the performance
of executive and director services including the performance of duties of the CEO and was granted certain non-qualified options
to purchase common shares of Agricon, conditional on certain events and at certain times as more particularly described in that
certain Stock Option Agreement (the “SOA”) of that date; and

 

WHEREAS, Agricon is currently traded and regulated in the US as
a shell company registered with the SEC as a shell company and is therefore in the nature of a start-up company with limited resources
and having restrictions on payment of executive compensation; and

 

WHEREAS, the Parties have mutually agreed to terminate all relationships
between them (other than the relationship of optionholder/shareholder, as more particularly provided herein) and to relieve PBM
from any responsibilities arising under the foregoing relationships and to conclude all matters arising out of or related to any
and all of the foregoing;

 

NOW, therefore, in consideration of the foregoing recitals, and
the mutual promises, agreements and understandings contained herein, including Sections 1-11 hereof, the Parties hereby agree as
follows:

 

		1.	Mutual Termination of Engagement:

		a.	PBM is and was a consultant to Agricon but was not an employee of Agricon. Rather, any compensation arrangements were in the
nature of a consultant to Agricon. Agricon has not made and will not make any tax withholding on compensation paid to PBM.

		b.	The Parties agree that PBM’s position of CEO of Agricon, the co-

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operation, stopped on March 13, 2012 and were terminated
on March 31, 2012 upon mutual agreement/understanding by
unilateral action of Agricon and its Board of Directors (the “Executive Termination Date”).

		c.	The Parties agree that PBM’s position of Director of Agricon terminated and/or will terminate by PBM’s voluntary
resignation from the Board of Directors of Agricon, effective on March 31, 2012 (the “Director Termination Date”) and
that notice and receipt of such termination, and the resignation itself is self implementing hereunder without more by either Party.

 

		2.	Compensation:

		a.	Agricon has paid and PBM has received $10,000 for February 2012.

		b.	On the day after the Director Termination Date, in full satisfaction of all claims for compensation and as partial consideration
hereunder, Agricon will pay to PBM and PBM will accept the sum of $10,000.

		c.	On the day after the Director Termination Date, Agricon will pay PBM the sum of $2,000 to cover all reimbursable costs not
previously reimbursed and incurred by PBM in pursuit of the business of Agricon up to and including the Director Termination Date.
PBM has no further obligation to document such reimbursable costs. Agricon has no further obligation to reimburse any costs of
PBM.

		d.	PBM has no insurance interest, no deferred compensation right and no other direct or indirect benefit arising from any of PBM’s
relations with Agricon.

 

 

		3.	Stock Options and Stock: The Parties agree that PBM has certain rights and limitations and that Agricon has certain
rights and duties under the SOA and the Parties agree further that certain rights, limitations and duties will expire as of the
Director Termination Date or as of a fixed date thereafter. The Parties agree that a fair resolution of those rights, limitations
and duties is as provided herein as follows:

Agricon will purchase and PBM will sell the 400,000 Stock
Options granted under the Non-Qualified Option Grant Agreement with PBM signed the 7 March 2012 for a total sum of $ 20,000 to
be paid in one installment to PBM on the day after Agricon has finalized the second capital raise expected to be of $ 10 million.

 

 

		4.	Released Parties:

		a.	Release by PBM: For good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, and as a material inducement to Agricon to enter into this Agreement,
PBM, on behalf of himself and his representatives, family members, heirs, attorneys, 

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executors, administrators,
agents, successors and assigns, and each of them, hereby releases, acquits and forever discharges Agricon and all of its current
and former subsidiaries, joint-venturers and affiliates, and all of their respective directors, shareholders, officers, employees,
agents, attorneys, insurers,  and all individuals or entities acting by, through, under or in concert with any of them from
any and all charges, controversies, claims, wages, rights, agreements, actions, costs or expenses, causes of action, obligations,
damages, losses, promises and liabilities of whatever kind or nature. Said claims include, but are not limited to: 

 

(1) employment discrimination
(including claims of sex discrimination and/or sexual harassment) and retaliation under Title VII (42 U.S.C.A. 2000e etc.) and
under 42 U.S.C.A. section 1981 and section 1983, age discrimination under the Age Discrimination in Employment Act (29 U.S.C.A.
sections 621-634) as amended, under any relevant state statutes or municipal ordinances; 

(2)
disputed wages; 

(3)
breach of contract;

(4)
negligent hiring;

(5) wrongful discharge
and/or breach of any alleged employment contract; and 

(6) claims based on
any tort, such as invasion of privacy, defamation, fraud and infliction of emotional distress.

 

		b.	Release
by Agricon: For good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, and as a material inducement to PBM to enter into this Agreement, Agricon, on behalf of itself and its representatives,
heirs, attorneys, executors, administrators, agents, successors and assigns, and each of them, hereby releases, acquits and forever
discharges PBM and all of his current and former joint-venturers and affiliates, and all of their respective directors, shareholders,
officers, employees, agents, attorneys, insurers,  and all individuals or entities acting by, through, under or in concert
with any of them from any and all charges, controversies, claims, wages, rights, agreements, actions, costs or expenses, causes
of action, obligations, damages, losses, promises and liabilities of whatever kind or nature. Said claims include, but are not
limited to: 

 

(1) unauthorized or
improper conduct;

(2) breach of contract;

(3) failure to perform
or incomplete performance of any duty or responsibility whether as an executive or director of Agricon;

(4) any breach of fiduciary
duty in any capacity; and

(5) any conflict of
interest.

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		5.	Confidentiality: The Parties agree to keep the terms and substance of this Agreement (including but not limited
to any amounts of money paid pursuant thereto), and any of the underlying facts confidential and to refrain from disclosing the
same at any future time, or to any other individual or entity whatsoever, except as Agricon may be required to report to the SEC
and publicly disclose concerning this transaction and/or file with the SEC a copy of this Agreement.

 

		6.	Arbitration: Any dispute or claim by either Party of any nature arising (i) under this Agreement including (and
without conceding that any such could arise outside this Agreement) or(ii) any such outside this Agreement, shall be resolved solely
by binding, exclusive, confidential and compulsory arbitration under the commercial rules of the American Arbitration Association
where a single arbitrator is appointed and where the arbitrator sits and the arbitration is conducted in Salt Lake City, Utah.

 

		7.	No Disparaging Statements: Each of Agricon and PBM agrees that it/he will not make any comments relating to Agricon
or its employees, directors, shareholders or affiliates or relating to PBM or his affiliates which are critical, derogatory or
which may tend to injure the business or reputation of the other Party or of said persons. Each Party may state that the separation
arose over a difference concerning the operating of the Company and the pursuit of its strategy and objectives.

 

		8.	Public Statement by Agricon: Agricon will endeavor to include in its next public filing with the SEC a statement
substantially as follows and other statement in harmony with this statement and with this Agreement:

 

Recognizing the completion of the Share Exchange and related
activities, Agricon and Peter Brincker Moeller have agreed to separate and terminate the current relationship between them. The
Board of Directors of Agricon has expressed its appreciation to Mr. Moller for his contribution to the Share Exchange and to the
Company during his tenure and expects that he will continue to work for Agricon’s major shareholders on other projects, where
his financial and transactional experience will be better utilized and needed.

 

		9.	Drafting and Interpretation: The Parties agree that this Agreement should be interpreted as if drafted and negotiated
by both Parties and that no provision should be interpreted with assumed bias for or against either Party. This Agreement shall
be interpreted under the laws of the state of Utah, USA, without regard to the conflicts of laws. Should there be any dispute about
the interpretation or enforcement of inconsistent or contradictory terms, the contracts shall be given force and effect in this
order: first this Agreement and then the SOA as amended hereby.

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		10.	Entire Agreement: This Agreement sets forth the entire agreement between Agricon and PBM and supersedes all prior
or contemporaneous oral or written agreements, negotiations, discussions, or understandings concerning the subject matter hereof.
The terms of this Agreement may not be altered, amended, waived or modified, except by a further written agreement signed by Agricon
and PBM. This Agreement may be signed in duplicate originals.

 

 

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    	5ex10.1

 

 EXHIBIT 10.1
 

 

 To______________
 

  ____, 2012
 

 It is the desire of Entest Biomedical, Inc. (the “Company”) to reward your services on behalf of the Company through the issuance of _________ common shares of the Company as a Bonus (“Bonus Shares”).
 

 These Bonus Shares are issued pursuant to the following terms and conditions:
 

 The Bonus Shares shall be issued in certificate form in your name
 

 By taking possession of the Bonus Shares, you agree that you will not offer to sell, sell, transfer, pledge or otherwise dispose of the Bonus Shares prior to April 2, 2017 (“Restricted Period”).
 

 FOR EMPLOYEES: You also agree that in the event that, prior to the expiration of the Restricted Period,   you voluntarily cease to be employed at the Company or are terminated for cause the Bonus Shares shall be forfeited. 
 

 FOR CONSULTANTS: You also agree that in the event that, prior to the expiration of the Restricted Period,   you decline to provide if requested to provide, or are unable to provide if requested to provide,  consulting services to the Company of a nature that have been  customarily  provided by you to the Company the Bonus Shares shall be forfeited.
 

 You have been made aware that the Bonus Shares have not been registered under the Securities Law of 1933, as amended, or the Securities Laws of any State.
 

 The Bonus Shares shall be issued with the following restrictive legend:
 

 THESE SECURITIES MAY NOT BE OFFERED, SOLD, ASSIGNED, PLEDGED, TRANSFERRED OR OTHERWISE DISPOSED OF PRIOR TO APRIL 2, 2017 (“RESTRICTION PERIOD”). 
 

 THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR SECURITIES LAWS OF ANY STATE AND , SUBSEQUENT TO THE RESTRICTION PERIOD, MAY NOT BE OFFERED, SOLD, ASSIGNED, PLEDGED, TRANSFERRED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE ACT OR SUCH LAWS  AND, IF REQUESTED BY THE COMPANY, UPON DELIVERY OF AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT THE PROPOSED TRANSFER IS EXEMPT FROM THE ACT OR SUCH LAWS.
 

 You are informed that stop transfer instructions shall be given to the Company’s transfer agent to assure compliance with the foregoing restrictions
 

 _________________
 David Koos, 
 Chairman and CEO
 

 Accepted By:_________________

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